IQID

lendingcredit scoring

FOUNDING YEAR: 2016
LOCATION: United States
Last Update: 08/09/2020

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About

What is IQID? IQID is your Digital Business Card that you share with others to build trust and transparency between buyers and sellers. We do this by building transparency between two unknown parties on the internet by creating a shareable IQID Trust Score based on your government ID and social network presence. IQID verifies your government identity (Passport, Drivers License, ID Card) to bring trust to the anonymous internet and validate you as a legitimate person. You create your own unique, private profile web page with your identity on it, then share it with another person via text message before you do a transaction. This helps make buying and selling easier by seeing the persons real name, their IQID Trust Score and social network status. IQID is perfect for the growing audience of P2P (Person to Person) meetings, O2O (Online to Offline) transactions and aids in the trusted sharing of valuable resources (cars, apartments, equipment) with your local neighbor or with the merchant around the world. The IQID platform is currently Android, Web compatible and is ideal for selling your car, renting an apartment, bridging online buyers and sellers together or for helping small businesses facilitate direct transactions.

MEDICI Analysis

IQID provides Digital Internet ID that allows users to share their profile & credit score with others to build trust and transparency between buyers and sellers. IQID verifies users government identity (Passport, Driver’s License, ID Card) to bring trust to the anonymous internet and validate it as a legitimate person.

Focus

PRODUCTS & SERVICES

Personal & Business profile validation and trust score platform

REVENUE MODEL

The company offers three types of pricing plans: Personal plan: Free for users. Personal Plus plan: It charges $ 29.95/Year (Personal ID verification and credit score). Enterprise plan: It charges $24.95/Year.

PRIMARY PROBLEM SOLVED

Trust is the #1 issue preventing more P2P introductions. Uber, Airbnb, Craigslist, Corporate Events, Local Business all rely on trust to encourage a transaction. And the P2P economy is one of the fastest growing segments being a $300+ Billion Dollar revenue opportunity by 2025. IQID was created to facilitate P2P transactions and quickly establish trust between two parties, so more introductions and networking will take place. Imagine if you could trust who you are meeting and just focus on the transaction.

company provided insights

Traction

TRANSACTIONS VALUE:

20 K

ACTIVE USERS:

500

ACTIVE USERS COMMENT:

"Unique product that helped me get an apartment"

People

FOUNDERS

Eric Schwertzel

BOARD MEMBERS AND ADVISORS

Clay Elliot

NUMBER OF EMPLOYEES

1-10

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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IQID

About

IQID provides Digital Internet ID that allows users to share their profile & credit score with others to build trust and transparency between buyers and sellers. IQID verifies users government identity (Passport, Driver’s License, ID Card) to bring trust to the anonymous internet and validate it as a legitimate person.

Focus

PRODUCTS & SERVICES

Personal & Business profile validation and trust score platform

REVENUE MODEL

The company offers three types of pricing plans: Personal plan: Free for users. Personal Plus plan: It charges $ 29.95/Year (Personal ID verification and credit score). Enterprise plan: It charges $24.95/Year.

TOP PROBLEM SOLVED

Trust is the #1 issue preventing more P2P introductions. Uber, Airbnb, Craigslist, Corporate Events, Local Business all rely on trust to encourage a transaction. And the P2P economy is one of the fastest growing segments being a $300+ Billion Dollar revenue opportunity by 2025. IQID was created to facilitate P2P transactions and quickly establish trust between two parties, so more introductions and networking will take place. Imagine if you could trust who you are meeting and just focus on the transaction.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

What does an IQID profile look like? Corporate IQID Profile with your logo http://bit.ly/1UGMTx0 IQID with Credit Score http://bit.ly/1ZX85ml Personal IQID http://bit.ly/1ZYZAaF

KEY DIFFERENTIATORS

Unique application in the P2P space.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Small And Medium Business - Other

Consumer

Traction

TRANSACTIONS VALUE:

20 K

ACTIVE USERS/ACCOUNTS:

500 Million

ACTIVE USERS COMMENT:

"Unique product that helped me get an apartment"

LIVE USERS/TRANSACTIONS:

Yes, in live production

CHANNEL STATUS

INITIAL CLIENTS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

1

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

We are innovators,love what we do. We have a very unique application,looking for partners.

BOARD MEMBERS AND ADVISORS:

Clay Elliot

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES