FACEKI, a Manama, Bahrain-based identity verification and user authentication platform that enables users' access and helps businesses fight fraud, announced that it has raised an undisclosed amount in seed funding.
The round was led by Nama Ventures, with participation from Vision Ventures, and other prominent Angel Investors.
FACEKI intends to use the fund to broaden its global presence while continuing to innovate and provide compliant, secure, and user-friendly identity verification solutions.
Company: Faceki LLC
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Nama Ventures
Additional Investors: Vision Ventures
Company Website: https://faceki.com/
Software Category: identity verification and user authentication platform
About the Company: FACEKI is identity verification and user authentication platform founded in 2020 by Hamza Al-Ghatam, Mustafa Marhama, and Nabeel Radhi that leverages AI technology to improve client identity verification during the onboarding process. The FACEKI identity verification technology is completely integrated into apps, websites, and desktop applications. It allows you to validate user IDs while adhering to KYC standards. FACEKI fraud protection platform provides cloud biometrics and digital identity verification solutions powered by AI and machine learning to assist organizations in combating the problem of online fraud and identity theft, which costs businesses hundreds of millions of dollars each year. The company's headquarters were in Manama, Bahrain.