Incode Technologies provides an AI-based identity verification and authentication platform offering end-to-end, fully automated orchestration across multiple channels. Its product suite focuses on onboarding, authentication and payment verification to increase conversion and reduce fraud. The company serves large banks, fintechs, hotels, governments and marketplaces. Incode operates from offices in San Francisco, Europe and Latin America and is led by founder and CEO Ricardo Amper. It plans to use the proceeds from the recent financing to expand operations and broaden its business reach. The company was valued at $1.25 billion following the round. Incode Technologies Inc., based in San Francisco and Mexico, is a next-generation digital authentication and KYC platform delivering end-to-end authentication services using machine learning. Its proprietary, fully automated technology stack provides facial recognition, identity document verification, and liveness detection while avoiding manual ID processing and limited reliance on third-party software. The company says this approach yields best-in-class fraud detection, strong conversion rates, industry-leading gross margins, and competitive pricing. Incode offers enterprise-ready, low-code design flows for customer onboarding and identification flows and has signed high-profile customers including several large financial institutions and marketplace companies. Having initially launched its solution in 2019, Incode's initial success was in the Mexican market but it plans aggressive expansion into North America and Europe, including an expected tripling of headcount. The company raised a $25 million Series A to scale operations and fund this international growth.

Total raised

$245M

Funding rounds

2

Latest round

Series B

Latest activity

Dec 2021