Accredify Raises USD$7M in Series A Funding

Accredify, a Singapore-based verifiable technology solutions provider, raised USD$7M in Series A funding.

The round was co-led by venture capital firms iGlobe Partners and SIG Venture Capital, with participation from returning investors, Pavilion Capital and Qualgro.

The company intends to use the funds to expand its regional presence across APAC by scaling its services and diversifying use cases of verifiable technology solutions across various industries.

Led by Quah Zheng Wei, CEO, Accredify is company focused on transition to verifiable data. Today, Accredify’s SaaS solution is used across the public and private sectors, enabling government institutes and enterprises to digitally issue verifiable documents. The underlying use of blockchain technology ensures the authenticity of a document that is shared or received, protecting against fraud and forgery. By enabling automation and secure information exchange, the company has empowered over 600 users in nine markets and eight industries to simplify complex processes and discover new frontiers of digital trust. To date, it has processed over 12 million verifications on 2 million issued documents.

FinSMEs

21/04/2023