Accredify, a Singapore-based provider of verifiable technology solutions, announced that it raised $7 million in Series A funding.
The round was co-led by iGlobe Partners and SIG Venture Capital, with participation from returning investors Pavilion Capital, and Qualgro.
With the successful close of fundraising, Accredify is well-positioned to expand its regional presence across APAC by scaling its services and diversifying use cases of verifiable technology solutions across various industries.
Currently, Accredify is building digital trust in 9 markets and 8 industries but will be focusing on Singapore, Australia, and Japan in the coming year. The company will use the funding to expand its staff in Singapore and its target nations.
“The strong support we have received is an affirmation that verifiable data is the future standard for information,” said Quah Zheng Wei, CEO and co-founder of Accredify. “Our solution is industry-agnostic and can be applied to various verticals and use cases. We look forward to working with our investors and leveraging their global networks to bring our digital trust technology to governments and enterprises across the region.”
Accredify’s SaaS solution is used across the public and private sectors, enabling government institutes and enterprises to digitally issue verifiable documents.
The company will also be accelerating the development of its SaaS solution to enable more industries and markets to leverage verifiable technology solutions to build digital trust in business operations, public sector governance, and daily life.
Company: Accredify Pte. Ltd
Raised: $7.0M
Round: Series A
Funding Month: April 2023
Lead Investors: iGlobe Partners and SIG Venture Capital
Additional Investors: Pavilion Capital and Qualgro
Company Website: https://accredify.io/
Software Category: Verifiable Technology Solutions
About the Company: Founded in 2019, Accredify is pioneering the world’s transition to verifiable data. Accredify’s solution is an end-to-end verifiable technology solution that spans the issuance, management, and verification of documents. Accredify is also developing applications that leverage the authentic data provided by its SaaS solution to enable users to harness analytics and gain meaningful business insights. By enabling automation and secure information exchange, Accredify has empowered over 600 users in nine markets and eight industries to simplify complex processes and discover new frontiers of digital trust. With a dedicated team that embraces the highest standards of customer service, security, and privacy, Accredify’s mission is to be the foremost verifiable technology solutions provider for moments when trust matters most. To date, Accredify has processed over 12 million verifications on 2 million issued documents.
Source: https://newsroom.accredify.io/press-release/press-release-leading-verifiable-technology-solutions-provider-accredify-closes-series-a-funding-round-to-bring-digital-trust-to-apac-and-beyond/