Dentity, a Los Angeles, CA-based provider of a digital credentials and ID verification platform, raised an undisclosed amount in Seed funding.
The round was led by Blockchange Ventures and AARP.
The company intends to use the funds to further support efforts to bring comprehensive standard for privacy and security to consumers.
Led by Jeffrey Schwartz, Founder and CEO, Dentity is an identity verification platform where consumers can safely store the most important parts of both their private lives and public personas — from government IDs and memberships to professional accomplishments and brand loyalties — securely in one digital wallet.
Dentity leverages web3 technology, including the blockchain, to ensure consumers’ privacy when verifying and storing their identity information. Use of web3 privacy technology enables consumers to reclaim control of their digital information at a time when millions of identities are for sale on the internet and, according to the FTC, identity theft and imposter scams have reached an all-time high, with the number of reported cases more than doubling in recent years.
The web-app is free to consumers and currently features identity verification for a number of use cases, including bank-level KYC, social account verification, financial account verification, and professional credential verifications.
FinSMEs
14/02/2023