Netki

cryptocurrencyblockchainregtechekyc/aml/cft/digital identity

FOUNDING YEAR: 2014
LOCATION: United States
Last Update: 01/05/2020

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About

Netki is a leading provider of remote digital identity verification technology, intended to facilitate compliance with Know Your Customer and Anti-Money Laundering regulations. Netki technology is uniquely adapted to the needs of ICOs and token sales and indeed is the first and only solution built specifically for blockchain companies.Founded in 2014 by internet startup veterans Justin Newton and Dawn Newton, Netki's mission is to bring industry solutions to cryptocurrency communities through enhanced mass market uptake. Netki's earliest product, the Netki Wallet Name Service, translates complex crypto wallet addresses into easy to remember names, like wallet.domain.net.

MEDICI Analysis

Netki uses Hyperledger Blockchain to offer identity management solutions to both consumers and enterprises. It provides an app to the consumers to upload their ID proofs and their pictures to create a digital identity which can be further used by various organizations for KYC purposes.

Focus

PRODUCTS & SERVICES

Netki helps business users and individuals by providing KYC and AML compliance platform. It helps Financial Services to onboard customers with a fully automated KYC solution, Health Care organization exchange patient data in full compliance with HIPAA and Government Authorities to exchange digital information in compliance with �the Department of Commerce’s NIST ID standards. The additional solutions include Mobile-Based ID Validation, Unparalleled Security, NIST Compliant, Advanced Biometric ID Solution, Sharable ID Certificates and Fully Automated ID Verification.

EXISTING PARTNERSHIPS

CoinSecure

Traction

VALUATION / MARKET CAP:

$23.33 M in 2016

People

FOUNDERS

Dawn Newton

Justin Newton

BOARD MEMBERS AND ADVISORS

Ronald Burr

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Base Ventures

Bitcoin exchange Bitfinex

Bitfinex

Colle Capital

Digital Currency Group

Donuts

Husseini Group

O'Reilly AlphaTech Ventures

Plug and Play Tech Center

Tom Turney

KEY EMPLOYEES:

Dawn Newton(COO)

Justin Newton(CEO)

Dean Golder(Director-FInance)

Momentum

FUNDED

NO

NUMBER OF FUNDING ROUNDS

1

TOTAL FUNDING

$3.5 M

DATE OF LAST FUNDING

May 2018

TOTAL FUNDING COMMENT

The company will use the funds to expanding it's cryptocurrency digital identity platform and also to grow its team in order to support customer growth. (Jul 2016)

SEED & PRIOR FUNDING

$3.5 M

SEED CLOSED ON

Jul 2016

LISTED

NO

Innovation Programs

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