Indonesian ID and Data Verification startup Verihubs Raises $2.8 Million in Seed Round  

by Kay Aloha Villamor in September 29th, 2021

Verihubs, a Jakarta, Indonesia-based builds a digital infrastructure and provides a range of AI-based services for financial services enterprises, raised $2.8 million in seed funding.

The round was led by Insignia Venture Partners, with participation from (CCV) Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), and Armand Ventures.

The round also includes angel investors from notable Southeast Asian startups like (Shipper co-founder ) Budi Handoko, (Payfazz co-founders) Jefriyantom, and Ricky Winata, (Gotrade co-founder) Rohit Mulani, (BukuWarung founder) Chinmay Chauhan, and (Modalku ex-chief product officer) Pramodh Rai.

Company: PT Verihubs Inteligensia Nusantara.

Raised: $2.8M

Round: Seed Round

Funding Month: September 2021

Lead Investors: Insignia Venture Partners

Additional Investors: Central Capital Ventura, the investment arm of Bank Central Asia, Armand Ventures, Budi Handoko, Jefriyanto and Ricky Winata, Rohit Mulani, Chinmay Chauhan, and Pramodh Rai

Company Website:

Software Category: Verification and data platform

About the Company: Based in Jakarta, Verihubs was founded in 2019 by Rick Firnando. Verihubs is the most completed verification and data platform, that helps digital businesses in Indonesia authenticate their customers' identities, verify their customers' backgrounds and access their customers' financial data. Verihubs is One Platform for All Solutions. The company currently has 46 customers, including major banks and fintech. Verihubs serves two kinds of end-users — those who have traditional bank accounts and “unbanked” people. Verihubs is currently focused on Indonesia, with plans to expand into other Southeast Asia markets eventually.


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