About Id Wise
Id Wise is a company based in London (United Kingdom) founded in 2020 by Moneer A and Baha Arab.. Id Wise has raised $2.65 million across 6 funding rounds. The company has 4 employees as of December 31, 2021. Id Wise offers products and services including Identity Document Verification, Facial Verification, e-KYC & AML Compliance Solution, and Proof of Address. Id Wise operates in a competitive market with competitors including IDnow, Riskified, Onfido, IDfy and Megvii, among others.
- Headquarter London, United Kingdom
- Employees 4 as on 31 Dec, 2021
- Founders Moneer A, Baha Arab
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Sectors
Industrial Goods & ManufacturingFinancial Services Technology
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Idwise Ltd
- Date of Incorporation 22 Dec, 2020
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$2.65 M (USD)
in 6 rounds
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Latest Funding Round
$282.38 K (USD), Seed
Jan 27, 2025
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Investors
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Employee Count
4
as on Dec 31, 2021
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Products & Services of Id Wise
Id Wise offers a comprehensive portfolio of products and services, including Identity Document Verification, Facial Verification, e-KYC & AML Compliance Solution, and Proof of Address. 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.
Enables quick recognition and validation of government-issued IDs.
Matches faces on documents to live selfies for fraud prevention.
Screens for sanctions and adverse media to fight financial crime.
Verifies user addresses to prevent money laundering and fraud.
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Funding Insights of Id Wise
Id Wise has successfully raised a total of $2.65M across 6 strategic funding rounds. The most recent funding activity was a Seed round of $282.38 thousand completed in January 2025. 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 6
- Last Round Seed — $282,382
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First Round
First Round
(30 Dec 2021)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2025 | Amount | Seed - Id Wise | Valuation |
investors |
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| Feb, 2024 | Amount | Seed - Id Wise | Valuation |
investors |
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| Aug, 2023 | Amount | Seed - Id Wise | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investments & Acquisitions by Id Wise
| 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 - Id Wise
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Id Wise Comparisons
Competitors of Id Wise
Id Wise 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 IDnow, Riskified, Onfido, IDfy and Megvii, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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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 |
Identity verification, background screening, and fraud prevention solutions are provided.
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| domain | founded_year | HQ Location |
Facial recognition and AI video analysis solutions are provided.
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| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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 Id Wise
Frequently Asked Questions about Id Wise
When was Id Wise founded?
Id Wise was founded in 2020 and raised its 1st funding round 1 year after it was founded.
Where is Id Wise located?
Id Wise is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Id Wise?
Baha Arab is the current CEO of Id Wise. They have also founded this company.
Is Id Wise a funded company?
Id Wise is a funded company, having raised a total of $2.65M across 6 funding rounds to date. The company's 1st funding round was a Seed of $1.51M, raised on Dec 30, 2021.
How many employees does Id Wise have?
As of Dec 31, 2021, the latest employee count at Id Wise is 4.
What does Id Wise do?
Founded in 2020 and headquartered in London, United Kingdom, Id Wise operates in the AI-driven identity verification sector. Services encompass document verification, facial recognition, e-KYC processes, and AML compliance checks, along with proof of address validation. These tools are integrated into existing platforms to automate identity checks, mitigate fraud risks, and support efficient customer onboarding while upholding security protocols.
Who are the top competitors of Id Wise?
What products or services does Id Wise offer?
Id Wise offers Identity Document Verification, Facial Verification, e-KYC & AML Compliance Solution, and Proof of Address.