4 years ago

Digital ID Startup cheqd Raises £1.9M to Empower Secure Identity Verification

  • Cheqd, a London-based digital ID startup, has raised £1.9 million in a funding round led by Outlier Ventures

  • The company's software enables individuals to have their own digital ID stored on their mobile phones, providing secure verification of identity and personal information

  • Cheqd's technology utilizes blockchain to ensure data security and privacy, giving users control over their personal data

  • The investment will support the launch of cheqd's product later this year, targeting tech firms, banks, universities, and other organizations involved in issuing credentials.

      • ProblemTechnology

      "In an increasingly digital world, proving identity and building trust online is a significant challenge, limiting access to essential services like banking."

      Solution

      "cheqd provides a blockchain-enabled digital ID solution that allows individuals to store and control their verified credentials, such as qualifications and vaccine status, on their mobile phones, enabling secure and efficient identity verification without relying on central databases."

      Covered on