Techsign

Established in 2016, Techsign is a Turkey-based technology firm specializing in digital transaction management and identity verification. The company was founded by a team of five software engineers and is led by CEO Abdullah Kip, Chairman of the Board Erdal Çokol, and CTO Emre Yılmaz. Operating from its headquarters in Istanbul, Techsign has developed a suite of solutions designed to enhance security and efficiency for businesses navigating digital transformation.

Techsign's core business revolves around a cloud-based digital transaction management suite that provides an open API platform for various services. These services include document management, multi-factor authentication, remote customer acquisition, and Know Your Customer (KYC) tools. The company serves a diverse client base across multiple industries such as finance, healthcare, e-commerce, retail, tourism, and real estate. Revenue is generated through tiered subscription plans for its Techsign DOC platform and custom-priced solutions tailored to enterprise needs, with options for cloud, on-premise, or API-based integration.

The product portfolio features several key offerings. Techsign's KYC and AML compliance solutions provide identity and document verification, including checks for holograms and liveness, to mitigate fraud. The company also provides FIDO-compliant biometric authentication for passwordless login, a "Pay-by-face" system for retail transactions, and secure smart ID card verification using portable chip readers. A significant product is the Techsign DOC platform, an end-to-end cloud solution for managing and signing documents, featuring verifiable biometric signatures and forensic tools. This platform is designed to automate paper-based processes, allowing clients like Ford Otosan and sahibinden.com to digitize millions of documents, thereby reducing costs and environmental impact.

Financially, Techsign has secured a total of $30 million in funding over two seed rounds. The first round occurred on September 21, 2021, with investment from Techmine. This was followed by a significant $30 million seed round on May 3, 2023, from Papara, which brought the company's post-money valuation to $30 million.

Keywords: digital transaction management, identity verification, biometric authentication, KYC solutions, AML compliance, electronic signatures, document management software, cloud-based security, FIDO authentication, pay-by-face, smart card verification, digital onboarding, fraud prevention, RegTech, cybersecurity, Turkish technology, SaaS, enterprise software, financial technology, secure document signing