Wise AI provides KYC, document OCR and digital identity authentication using selfie biometrics. Its face biometrics algorithm was tested by NIST for fast matching speed, and its presentation attack detection was confirmed ISO PAD Level 1 compliant by iBeta in 2023. The company aims to provide digital identity to all 680 million people in Southeast Asia and plans to localize offerings through partnerships in each country. The Malaysian government has highlighted Wise AI as an example for the national AI Governance and Ethics framework. Wise AI positions itself to address significant KYC friction in the region, where surveys show high abandonment of banking and credit applications and notable levels of identity fraud. Financially, the company has completed an eight-figure Series A round (amount undisclosed by the company).

Total raised

$10M

Funding rounds

1

Latest round

Series A

Latest activity

Jul 2024