Authologic Analysis: $8M Raised
What is Authologic?
Authologic builds identity infrastructure for online verification, using document checks, biometrics, and digital wallets. Its platform includes OmniID, OmniPanel, and developer connectivity through SDK, WebSDK, OmniLink, and API. The company says it serves regulated businesses and is ready for eIDAS 2.0 and government eIDs.
Location
Canada Square, London, England, GB
Employees
11-50
Founded
2020
Revenue
$3M
Business Model
Subscription fees and usage-based pricing for identity verification services.
Product Features & Capabilities
- e-ID integration, KYC/AML & KYB orchestration, document OCR, liveness checks, identity wallet support, universal admin panel for verification, OmniLink for low-volume verification, PSD2 AISP license, ISO 27001 and ISO 9001 certifications.
How much Authologic raised
Series A - $8.2 million
4 months agoLead Investor: OpenOcean and other European and American firms
Who are the founders of Authologic
Investors
- OpenOcean
- Y Combinator
- Peak Capital
- SMOK VC
Competitors Overview
Authologic's main competitors in the identity verification market include:
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PresentID: Specializes in AI-based multimodal biometric identity verification, potentially offering a more advanced approach compared to Authologic.
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Fully-Verified: Focuses on identity verification within the security and regulatory compliance sector, emphasizing adherence to established security standards, which is advantageous in regulated industries.
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Identomat: Provides AI-powered identity verification and KYC compliance, similar to Authologic, but may have different service offerings or technology stacks appealing to specific market segments.
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Au10tix: Concentrates on identity verification and fraud prevention, particularly in finance and e-commerce, providing tailored solutions for those sectors.
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Serendptech: Offers identity verification solutions with a focus on KYC needs and user experience optimization, enhancing customer satisfaction and compliance.
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Authenteq: Part of FNZ Group, focuses on digital identity verification in financial services, potentially offering a fully automated solution that streamlines processes for clients.
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IDVerifact: Operates in the technology sector with a focus on compliance and fraud prevention, providing a competitive edge in technology-driven markets.
These competitors highlight a diverse landscape in the identity verification market, each bringing unique strengths and technologies.
Market Focus
Authologic primarily focuses on the KYC (Know Your Customer) and AML (Anti-Money Laundering) markets, providing solutions for secure and efficient online identity verification.
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