Veri5Digital is a technology company.
Veri5Digital has raised $2.0M across 1 funding round.
Veri5Digital has raised $2.0M in total across 1 funding round.
Veri5Digital is a technology company specializing in digital identity verification and onboarding solutions primarily for the Indian market. It offers a suite of APIs and software services that enable businesses to verify customer identities quickly, securely, and in compliance with government regulations such as KYC (Know Your Customer), AML (Anti-Money Laundering), and UIDAI standards. Its products include video-based customer identification (Video Customer Identification Process - V-CIP), eNACH (electronic mandate for payments), and Aadhaar-based digital signature services. Veri5Digital serves sectors like banking, insurance, lending, internet services, and mutual funds, helping over 250 businesses process more than 10 million transactions efficiently[1][4][6].
Founded in 2012 by Saru Tumuluri in Bengaluru, India, Veri5Digital originated from the vision to build identity technology leveraging Aadhaar's digital infrastructure, including digital signatures and video KYC. Initially known as AadhaarBridge, the company evolved to address the challenges posed by regulatory changes, such as the Supreme Court ruling limiting Aadhaar use in the private sector, by developing alternative identity verification methods using government-issued IDs and video selfies. The company emerged from Khosla Labs, backed by Khosla Ventures, and has since expanded its focus to provide a broad range of Digital India services for private sector clients[1][2][5].
Veri5Digital rides the wave of digital transformation and regulatory digitization in India, particularly the push for a Digital India ecosystem. The timing is critical as India’s financial and service sectors increasingly require secure, scalable, and compliant digital onboarding solutions. Market forces such as the rise of fintech, government mandates for digital KYC, and the need for fraud prevention favor Veri5Digital’s offerings. By simplifying access to government-regulated identity services, Veri5Digital plays a pivotal role in enabling private sector companies to leverage India Stack infrastructure without direct licensing, thus accelerating digital adoption and financial inclusion[1][4].
Looking ahead, Veri5Digital is well-positioned to expand its footprint as digital identity verification becomes mandatory across more sectors in India and potentially in other regulated markets. Trends like increased AI adoption, biometric advancements, and regulatory tightening will shape its product evolution. The company’s ability to innovate around compliance and user experience will likely enhance its influence in the digital identity ecosystem. As India’s digital economy grows, Veri5Digital’s role as a trusted enabler of secure, fast, and compliant identity verification will become increasingly vital, reinforcing its foundational mission to simplify Digital India services for private enterprises[1][4][5].
Veri5Digital has raised $2.0M in total across 1 funding round.
Veri5Digital's investors include Khosla Ventures, Menlo Ventures, Mike Kourey.
Veri5Digital has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Series A in August 2019.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Aug 1, 2019 | $2.0M Series A | Khosla Ventures, Menlo Ventures, Mike Kourey |