Accredify’s Co-Founders
Accredify, a verifiable technology solutions provider in Singapore, has closed its ongoing Series A funding round at US$7 million.
iGlobe Partners and SIG Venture Capital co-led the round with participation from returning investors Pavilion Capital and Qualgro.
The money will be used to expand its regional presence across the Asia Pacific.
The startup has a presence in nine markets and eight industries and will focus on Singapore, Australia, and Japan in the coming year. To this end, it will utilise its capital to grow its team within Singapore and its focus countries. This includes greater investment in its first international office in Sydney (established last year) and planning for an office in Japan.
Also Read: Accredify raises US$2M to combat the rising fake degree certificates issue in education sector
Founded in 2019, Accredify started by helping higher education institutions to issue verifiable qualifications. Today, its SaaS solution is used across the public and private sectors, enabling government institutes and enterprises to digitally issue verifiable documents.
The firm uses blockchain technology to ensure the authenticity of a document that is shared or received, protecting against fraud and forgery. Accredify’s solutions can also be used in authenticating gemstones.
It now looks to expand into more industries and markets to build digital trust in business operations, public sector governance, and daily life.
Since its inception, it has worked with Singapore’s Ministry of Health and the Accounting and Corporate Regulatory Authority (ACRA).
“Breaking down the multi-variate problem of transacting trust, Accredify delivers a simple elegant solution that is cost- and time-effective and accurate for their users. As more countries continue to chart towards their digital ambitions, we believe that trust technologies like Accredify’s are foundational to enabling that secured connected future,” said Blake Ong from SIG Venture Capital.
In October 2021, Accredify closed a US$2 million financing round led by VC firm Qualgro.
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