How we are different

We take a very different approach than our competitors. While most identity verification companies rely upon a portion of their transactions to be verified by humans, it is a flawed solution. It is exceedingly difficult for a human to validate a photo and determine whether it has been tampered with or if it’s a fraudulent identification card. Our solution employs a fully automated flow that facilitates speed, accuracy and privacy.

Incode is the only company employing proprietary technology for each new type of fraud, while our competitors license tech from other places. We are vertically integrated. We are also able to adapt our proprietary technology as new use cases emerge, which doesn’t happen as quickly for other identity companies using technology from others. Incode is recognized as one of the best in the world by the United States Department of Commerce’s National Institute of Standards and Technology (NIST).

Incode is hoping to eradicate the problem of identity fraud, particularly as the business and society move toward completely digital engagement. Our technology democratizes access to services. But the deepest impact this identity solution has is the capacity to generate trust between people and organizations. Whether it’s between suppliers, customers, citizens, or governments, verifying the identity of people who claim to be customers or providers reduces impersonation and fraud, making everyone less skeptical and more trustworthy. Incode has been recognized as a leader in enterprise-grade facial recognition technology space, and this has been shown through the company’s recent accomplishments. On December 7, Incode announced a historic Series B funding round of $220M, catapulting them to a $1.25B valuation and earning them unicorn status. Combined with its Series A and Series B funding round, Incode has raised $253M in total.