Footprint, a NYC-based firm that permits firms to securely onboard customers, raised $6m in Seed funding.
The spherical was led by Index Ventures, with participation from the founders of Plaid, Ramp, Lattice, Moonpay, Kayak, and Jumpcloud, in addition to seed-focused funds BoxGroup, Operator Companions, Lerer Hippeau, Palm Tree Crew, Not Boring Capital, and K5.
The corporate intends to make use of the funds to additional product growth and spherical out the crew previous to the launch of early entry this fall.
Led by co-founder and CEO Eli Wachs, Footprint gives identification verification and PII vaulting on-line. Leveraging the newest expertise, the corporate makes it doable for folks to personal their digital identification, which permits firms to serve them and function extra effectively. It offers enterprises the instruments to confirm, authenticate, authorize, and safe identification with accuracy. The corporate makes use of cryptography to tokenize identification, and likewise leverages biometric scans, liveness checks, and peer-to-peer verification to validate actual folks in actual time whereas preserving unhealthy actors out.
With Footprint’s patent-pending expertise, enterprises can onboard customers whereas offloading the dealing with of delicate knowledge. Its privacy-preserving expertise lets enterprises fulfill KYC with no need to ever contact PII; its safe PII vault protects person’s knowledge whereas saving enterprises money and time. The corporate is ready to additionally assist enterprises with entry management, audit logging, and permissioning.