IdentityMind Global provides a SaaS RegTech platform that builds, maintains and analyzes digital identities worldwide, enabling identity proofing, risk-based authentication, regulatory identification, and the detection and prevention of identity fraud. The platform includes transaction monitoring for e-commerce fraud prevention, anti‑money laundering (AML) and counter terrorism financing (CTF), and uses patented eDNA technology to build anonymous trust reputations shared across its Global Identity Network. The company reports hundreds of customers spanning six continents and says it worked with over 40 ICO customers in the last six months, evaluating more than 150,000 users who contributed almost $1 billion in digital currency. IdentityMind says the new funds will be used to drive expansion in Asia, Latin America and Europe, grow sales and marketing, and to create a business unit focused on KYC and AML solutions for ICOs and the cryptocurrency market. The firm has opened an office in Beijing and emphasizes Eastern Link Capital’s China expertise as supporting its Asian expansion. IdentityMind highlights GDPR compliance and positions its product as a GDPR‑compliant RegTech solution amid growing market demand. IdentityMind Global is a Palo Alto, CA-based risk management platform serving e-commerce and regulatory compliance needs. It provides an online platform for merchants, acquiring banks, payment processors, gateways, PSP/ISO/MSP, digital currency exchanges, and financial institutions to manage global risk and comply with anti-money laundering, terrorist financing, and fraud-prevention guidance. The company is led by Garrett Gafke, CEO and President. IdentityMind closed a round of financing led by Lakewood & Company with participation from Mozido, SBT Capital, Cybernaut, and Benhamou Global Ventures. The company intends to use the funds to expand sales and international operations. The article does not disclose the round size or the instrument(s).

Total raised

$10M

Funding rounds

2

Latest round

Series C

Latest activity

Feb 2018