Magic ID is a London-based digital identity assistant and GDPR-compliant identity network that links businesses and individuals to facilitate trust and simplify KYC. Its Magic Network includes AI-powered identity verification capable of verifying over 2,500 global identity documents, secure digital IDs that enable passwordless mobile transactions, and a privacy-first marketing suite for discovering pre-verified customers. The platform minimizes data exposure through cryptographic techniques and is designed to allow organisations to exchange verification credentials while adhering to data protection regulations. Founded in 2023, the startup already has four beta testers in the UK and two enterprise proof-of-concepts in telecommunications and financial services. Magic ID plans to use its new funding to launch its product suite across the UK and EU, expand the team, and continue R&D on its proprietary decentralised identity infrastructure. The founding team combines scaleup experience and enterprise technology leadership, including a CEO who previously worked on Onfido's Self-Sovereign Identity product.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Nov 2023