Verihubs Analysis: $3M Raised
What is Verihubs?
Verihubs provides AI-based identity verification, fraud prevention, and business communication tools for digital companies. Its site highlights face recognition, liveness checks, OCR extraction, deepfake detection, and watchlist screening, along with OTP delivery through SMS and WhatsApp. The company positions these services as SaaS tools for onboarding, compliance, and security across regulated industries.
Location
Apartemen Neo Soho, Lt. 12 Unit 1208, Jl. Letjen S. Parman No.106, Kota Jakarta Barat, West Jakarta, DKI Jakarta, 11470, ID
Employees
51-200
Founded
2019
Revenue
$7.8-8.9M
Product Features & Capabilities
- Deepfake Detection, Face Recognition, Liveness Detection, Data Extraction, ID Check, Watchlist Screening, SMS OTP, WhatsApp OTP
How much Verihubs raised
Seed - $2.8 million
September 27, 2021Lead Investor: Insignia Venture Partners, CCV (Central Capital Ventura), Armand Ventures, and several angel investors from notable Southeast Asian startups.
Who are the founders of Verihubs
RF
Rick Firnando
Founder
HQ Full Address
Apartemen Neo Soho, Lt. 12 Unit 1208, Jl. Letjen S. Parman No.106, Kota Jakarta Barat, West Jakarta, DKI Jakarta, 11470, ID
Market Focus
Verihubs primarily focuses on the SaaS (Software as a Service) industry, providing solutions for compliance and security in digital business operations, with an emphasis on enhancing customer experience and data protection through advanced AI technology.
Investors
- BNI Ventures
- Arkana
- Wavemaker Partners
- Y Combinator
- Insignia
Business Model
SaaS model with subscription fees and transaction-based revenue from compliance services.
Competitors Overview
Verihubs operates in the SaaS market, focusing on compliance and security solutions. Its main competitors include:
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Persona: Offers a suite of fully-automated identity verification components with global coverage. It allows for customization and branding, making it versatile for various business needs. Users can start for free in under 10 minutes.
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Passbase: Focuses on a self-sovereign identity platform backed by verified government documents and biometric signatures, appealing to users concerned about privacy and control over their personal data.
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Dwolla: Provides a reliable payments infrastructure that simplifies access to the ACH Network, attracting businesses looking for seamless payment solutions alongside identity verification.
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Lightico: A collaboration solution that enhances customer service and sales processes, rated 4.8 out of 5.
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FullCircl: Combines various sources of company information to identify business opportunities and assess risks, rated 4.5 out of 5.
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TextIn: Offers AI tools for text extraction and verification, including ID and certificate recognition, rated 4.6 out of 5.
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iDenfy: Specializes in reducing fraud through identity verification services, rated 4.9 out of 5.
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Everlance: Focuses on vehicle program and reimbursement solutions, rated 4.4 out of 5, appealing to businesses needing expense tracking alongside identity verification.
These competitors highlight various strengths, such as customer service enhancement, risk assessment, and fraud reduction, which may cater to different business needs compared to Verihubs.
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