idwall is a RegTech focused on identity validation, digital onboarding and anti-fraud/compliance solutions for B2B customers while also offering a consumer identity app called MeuID. The company aggregates more than 250 data sources and has historically generated over 65 million query reports for clients. idwall serves 300+ clients across segments, including Cielo, iFood, Claro and Quinto Andar; its customer base includes 15 banks and seven financial unicorns. The startup has grown rapidly: between 2017 and 2020 it recorded 1,458% total revenue growth with a 144% average annual growth rate, and increased financial-contract revenue 588% versus 2019. The team totals about 150 people with a plan to double headcount by the end of 2021. idwall says it will use new funding to accelerate growth, launch new products and expand hiring and training to scale operations and product development. idwall began in mid-2016 as an automated background-check solution and has expanded into a suite of identity and data-validation products, including face match, OCR, and automated background checks. Its APIs verify IDs by checking public and private databases, authenticating documents, confirming ownership, and running background checks—processing verifications in under three minutes, the company says. idwall offers a MeuID wallet to store documents and serves more than 180 customers, including over 100 fintechs; named customers include Zazcar, Loggi, Movida, 99 and iFood. The company cites Zazcar’s reduction of identity-fraud car thefts to zero as a customer outcome. idwall plans to further expand its services by the end of 2020. To date it has raised capital and continues to grow amid rising demand for automated onboarding in Brazil. IDwall offers document validation, background-check and identity verification solutions. Its platform includes a real-time alert system that lets users verify customers' data during signups and purchases. The company also provides implementation and consulting services for its solutions. IDwall raised $600K in funding led by Monashees Capital and Canary and will use the proceeds to continue expanding operations. The company previously raised funding from 500 Startups and other strategic angel investors. IDwall was founded in July 2016 by Lincoln Ando, Renan Esposte and Raphael Melo and is based in Sao Paulo, Brazil and Mountain View, California.

Total raised

$51M

Funding rounds

3

Latest round

Series C

Latest activity

Jun 2021