About Authenteq
Authenteq is a company based in Reykjavik (Iceland) founded in 2015 was acquired by FNZ in November 2022.. Authenteq has raised $6.49 million across 4 funding rounds from investors including FNZ, Draper Associates and capital300. Authenteq offers products and services including Investor Onboarding Platform and eKYC Process. Authenteq operates in a competitive market with competitors including Addepar, Altruist, Signifyd, Onfido and InvestCloud, among others.
- Headquarter Reykjavik, Iceland
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Sectors
Industrial Goods & ManufacturingTechnology
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Phone
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Website
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Social
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- Legal Name Fnz Group
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Products & Services of Authenteq
Authenteq offers a comprehensive portfolio of products and services, including Investor Onboarding Platform and eKYC Process. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for personalized account setup and streamlined investor processes.
Automated system for quick and secure identity checks using IDs and selfies.
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Funding Insights of Authenteq
Authenteq has successfully raised a total of $6.49M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $5 million completed in January 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series A — $5.0M
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First Round
First Round
(01 Jun 2015)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2019 | Amount | Series A - Authenteq | Valuation | Draper Associates , Capital300 |
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| Nov, 2017 | Amount | Seed - Authenteq | Valuation | Initial Capital , Cavalry Ventures | |
| Jun, 2015 | Amount | Seed - Authenteq | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Authenteq
Authenteq has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include FNZ, Draper Associates and capital300. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage technology companies receive venture capital investments.
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Venture capital investments are managed for innovative startups.
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Investments are directed toward seed and early-stage tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Authenteq
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Authenteq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Authenteq Comparisons
Competitors of Authenteq
Authenteq operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Addepar, Altruist, Signifyd, Onfido and InvestCloud, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered for investment advisors.
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Portfolio management software for financial advisors
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Provider of fraud prevention and payment validation for online retailers
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Investment management software is provided for advisors and institutions.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Authenteq
Frequently Asked Questions about Authenteq
When was Authenteq founded?
Authenteq was founded in 2015.
Where is Authenteq located?
Authenteq is headquartered in Reykjavik, Iceland.
Is Authenteq a funded company?
Authenteq is a funded company, having raised a total of $6.49M across 4 funding rounds to date. The company's 1st funding round was a Seed of $166K, raised on Jun 01, 2015.
What does Authenteq do?
Founded in 2015 and based in Reykjavik, Iceland, Authenteq operates in the identity verification sector. A networked platform is provided for automatic customer checks in marketplaces. User and seller identities are confirmed by proprietary technology that compares official IDs with recent photos via face recognition. This process supports secure transactions across online platforms.
Who are the top competitors of Authenteq?
What products or services does Authenteq offer?
Authenteq offers Investor Onboarding Platform and eKYC Process.
Who are Authenteq's investors?
Authenteq has 6 investors. Key investors include FNZ, Draper Associates, capital300, Initial Capital, and Cavalry Ventures.
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