9 years ago

Worldpay Invests in Veridu, a UK Startup Offering Identity Solutions for Payments

  • Veridu, a London-based startup offering identity solutions for the payments industry, has secured investment from Worldpay Group plc

  • The investment will support Veridu in further developing and rolling out their solutions globally

  • Veridu aims to provide the most accurate, reliable and trustworthy tool to quickly and efficiently verify the identity of users in order to eliminate fraud and unwanted user behavior

  • The company uses advanced algorithms and people's social media profiles to score how trustworthy the identity of a person is

  • With the user's consent, the information is then shared with the company who has asked to establish trust in their identity, such as a sharing economy platform or online store

  • The investment amount is undisclosed, but Veridu raised £800,000 six months ago and expects a valuation of £20-25 million in 2017.

      • ProblemFinancial Services

      "Eliminating identity verification challenges for online transactions, reducing false positives and financial losses for businesses."

      Solution

      "Veridu uses advanced algorithms and social media profiles to score the trustworthiness of a person's identity, sharing this information with companies to establish trust and secure online transactions."

      Covered on