idwall

Founded in 2016 by Lincoln Ando, Raphael Melo, and Renan Esposte, idwall is a Brazilian company that has established itself as a significant player in the digital identity verification and anti-fraud market. The founders' journey is rooted in direct experience with the inefficiencies and risks of digital transactions. Lincoln Ando, for instance, encountered identity fraud challenges while working at Banco Original and later with a construction marketplace, where fake companies would rent and steal equipment. This firsthand knowledge of the market's pain points fueled the creation of idwall to build trust in the digital environment.

The company operates on a B2B model, providing a comprehensive, all-in-one platform for managing digital identity and mitigating risk. Its revenue is generated through a subscription-based model where clients, charged monthly, select packages based on the volume of validations required. Idwall serves a diverse client base across various sectors, including financial institutions, fintech, e-commerce, retail, and the sharing economy, counting major banks and over a dozen unicorns among its more than 300 clients.

The core of idwall's offering is a suite of technology solutions accessible via API and a software development kit (SDK). This platform automates the entire user onboarding process, from document verification using OCR and computer vision to biometric authentication with liveness detection to prevent spoofing. A crucial component is the background check, where the system cross-references information against over 250 public and private databases in real-time to assess risk and ensure compliance with regulations like KYC (Know Your Customer) and AML (Anti-Money Laundering). The entire verification process, which could manually take days, is reduced to under three minutes. Beyond onboarding, the platform offers solutions for transactional biometric authentication to combat account takeovers and tools for continuous risk management.

Since its inception, idwall has secured significant financial backing, raising a total of $53.9 million over five funding rounds. Key milestones include a Seed round in 2017 led by Canary and Monashees, a Series B in 2019 led by Qualcomm Ventures' AI fund, and a substantial $40.1 million Series C in 2021 led by Endurance, with participation from notable investors like GGV Capital and Península.

Keywords: identity verification, anti-fraud, KYC, AML compliance, digital onboarding, background checks, RegTech, biometric authentication, document validation, risk management, data verification, OCR technology, liveness detection, user authentication, fraud prevention, financial services security, platform as a service, API integration, identity management, Know Your Customer, Anti-Money Laundering, Brazilian startups, fintech solutions, identity security