For many financial institutions in Southeast Asia, verifying new customers takes a week or two, said the founders of Verihubs. The startup cuts that time down to as little as five seconds, using AI-based identity authentication technology and APIs that let companies continue verifying returning customers through SMS, WhatsApp or flash calls.
Verihubs announced it has raised $2.8 million in seed funding for its goal of becoming “the one-stop for verification in Southeast Asia.” The round led by Insignia Venture Partners, with participation from CCV (Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), …
