VeriSmart

About

Identity blockchain and AI based startup, Working on building. Global Trust engine for businesses making KYC process autonomous.

Palo Alto,California,United States
11 - 50
http://www.verismart.ai/

Highlights

Details

Last Funding Type: Seed
Last Funding Money Raised: $140K
Industries: Artificial Intelligence,Blockchain,Financial Services,FinTech,Information Technology,Software
Founded date: Mar 1, 2015
Number Of Employee: 11 - 50
Operating Status: Active
Legal Name: Metawing Technologies inc

We are an Identity blockchain platform creating global trust platform for instant Identity sharing by automating the KYC (Know your customer ) and compliance process for institutions like banks, Tel-com, Money exchanges, Insurance. We create an end to end en-ability so the user need not do the repetitive KYC process again and again across multiple platforms. It becomes google signup for Verified identity, which can be plug and play easily with any digital platform. At the same time, the institutions need not repeat the back end regulatory compliances because of three-way handshake mechanism (IP).

We have got significant traction in India, UAE and US market and progressing on creating syndicate with banks, tel-coms and other digital platforms, Where we have been the part of 10+ bank syndicate in India, Building syndicate of 15+ banks in UAE, amongst which we have already added 5 banks for same, In conversation with Fidelity, Charles Schwab and Citi Bank to lead the syndicate for US.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

8

$705K

VeriSmart has raised a total of $705K in funding over 2 rounds. Their latest funding was raised on Feb 22, 2020 from a Seed round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Feb 22, 2020	Seed	—	1	MOX	—	Detail
Nov 1, 2018	Non-Equity Assistant	—	1	—	—	Detail
Jun 1, 2018	Seed	$40K	1	—	—	Detail
May 1, 2018	Seed	$200K	2	—	—	Detail
Oct 1, 2017	Seed	$75K	1	—	—	Detail

Investors

Number of Lead Investors

Number of Investors

1

7

VeriSmart is funded by 7 investors. MOX and DIFC FinTech Hive are the most recent investors.

Investor Name	Lead Investor	Funding Round
MOX	Yes	Seed
DIFC FinTech Hive	—	Non-Equity Assistant
3S Landing Pad	—	Seed
StartersHub	—	Seed
Startupbootcamp Smart City Dubai	—	Seed
Piyush Gupta	—	Pre-seed
Saurabh Gupta	—	Pre-seed