Company Research Report: idwall

Company Overview

Name, Mission of the Company

• Name: idwall

• Mission: To revolutionize the ways trust relationships are established and maintained through innovative technology.

Founding Details

• Founded in 2016 by Lincoln Ando and Raphael Melo.

Key People

• Lincoln Ando (Founder)

• Raphael Melo (Founder)

• Adriano Colombo (Coordinator of Compliance at iFood, testimonial)

Headquarters

• Location: Avenida Paulista 2537, 12º andar, São Paulo, 01311-300, BR

Number of Employees

• Employees: 201-500 employees

Revenue

• No information is available.

What is the Company Known For

• idwall is recognized as a leader in digital identity management across Latin America. Their technology provides complete solutions for identity verification, risk management, compliance, and fraud prevention.

Products and Services

Product Offerings

1. Identity Verification and Management

• Encompasses KYC (Know Your Customer), AML (Anti-Money Laundering), background checks, and OCR (Optical Character Recognition).

2. Fraud Prevention and Risk Management

• Detects risks associated with email and phone numbers, account takeovers, and document fraud.

3. Credit Risk Analysis

• Provides credit risk scores, financial history, and income assessments.

High-Level Product Descriptions and Key Features

1. Identity Verification

• Description: Verifies personal identity data utilizing documents, personal information, and biometrics.

• Features: Automatic document identification, biometric verification, cadastre consistency analysis.

2. KYC & PLD/CFT

• Description: Ensures compliance with regulatory standards for money laundering and terrorist financing prevention.

• Features: Identity verification, records checks against watchlists, ongoing monitoring of profiles.

3. Digital Centralized Identity

• Description: Reuses verified biometric data for transactions such as PIX, refunds, and cashbacks.

• Features: Onboarding data reuse, seamless service access, additional verification layers.

4. Credit Risk Analysis

• Description: Offers financial risk profiles for optimized credit decisions.

• Features: Financial risk scores, pending financial obligations, transactional history.

5. Document Verification

• Description: Validates legitimacy of documents to prevent fraud.

• Features: Automated data extraction, document authenticity analyses.

6. Fraud Detection

• Description: Evaluates the risk of fraud in real-time during the user onboarding process.

• Features: Email and phone number risk assessment, real-time risk scoring.

7. Verification of Companies

• Description: Automates the verification process of legal entities and partners.

• Features: Fiscal compliance checks, background and legal checks, operational risks assessment.

Platform Features

1. All-In-One Identity Management Platform

• Description: Combines identity verification, fraud prevention, and risk management tools.

• Features: Centralized user data management, integrated security checks, low-code customization for business-specific needs.

Recent Developments

Recent Developments and Achievements

• Ecossystem Launch: Launched the Ecossystem idwall to centralize anti-fraud tools and technology integrations through a marketplace and custom integrations.

• Acquisition of ISO Certifications:

• ISO 27001: Obtained for outstanding security information management practices in 2022.

• iBeta2 Certification: Achieved iBeta2 recognition in 2023 for top-tier biometric verification capabilities.

New Products and Features

• Marketplace: Inclusion of third-party solutions for antifraud services enabling more holistic user data management.

• Biometric Solutions: Enhanced to achieve high-security standards, verified against complex deepfake attempts.

Partnerships

• Qualcomm Ventures: Backed idwall in Series B funding round.

• Endurance: Investment in Series C round.

• Península: First technology startup to receive investment from Península in Series C round.

• GGV Capital: Additional support in Series C.

• Group Globo: Invests and partners with idwall for ongoing platform enhancements and integrations.

Testimonials and Recognitions

• Adriano Colombo (Coordinator of Compliance at iFood): Praised idwall’s integration with iFood’s compliance processes.

• Great Place to Work: Recognized as one of the top companies to work for multiple years.

• Global Awards: Listed among the 100 best regtechs and top 10 regtech companies by various international bodies.

Conclusion

idwall exemplifies a cutting-edge technology firm specializing in digital identity management. Through continual innovation, robust security practices, and strategic partnerships, idwall is reshaping the landscape of trust and identity verification in multiple sectors.