Mark ID provides a universal identity verification platform that combines machine learning face recognition, document validation, and e-signature capabilities accessible on any camera-equipped device. Its core product creates facial biometric vector maps from a selfie or short video, matches them to government IDs, and checks document genuineness. The company uses a hybrid approach—AI plus human KYC experts—and offers professional liability insurance, a single API for multiple local identification methods in the Baltics, and physical identifications across Baltic cities. The product was tested in late 2017/early 2018 and the company was launched in 2019 Q1; the team currently consists of about 10 people. Financially, Mark ID raised €200,000 at the end of the prior year and reports approaching 100,000 face-recognition identifications, with automated decisions delivered in ~10s and manual KYC re-checks taking ~163s. Its stated long-term plan is to integrate European local identity-verification services to become an EU-wide identity gateway, and it may pursue another funding round in a year or two.

Total raised

$0M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2020