Trust Stamp Seeking to Raise $5.4M From Public Market, Concurrent to Expansions in Team, Intellectual Property Ownership, Global Partnerships, and Development Initiatives
ATLANTA, March 17, 2020 (Newswire.com) - Trust Stamp, an AI-powered identity and authentication services company, announces the launch of its next funding round. The company is now accepting indications of interest for its Series A funding round through SeedInvest, a leading investment platform.
Led by Trust Stamp's long-term partners, FSH Capital and strategic investments from Mastercard and Second Century Ventures, the round of funding supports research and development centered around their secure global financial inclusion initiatives across humanitarian, commercial, and government uses. In parallel, Trust Stamp aims to continue relationships with flagship banking partners while expanding efforts in law enforcement and global humanitarian work, as reflected by their growing advisory board, with members including former United States Marshals Service Director Stacia Hylton. Trust Stamp has also expanded its leadership team with additions that include Emma Lindley, veteran of the identity industry and former Head of Identity and Risk for Visa Europe, and Kinny Chan, expert at the intersection of business, technology, and law.
At its core, Trust Stamp technology creates irreversibly anonymized identities that facilitate secure, interoperable identity proofing. Once implemented, the technology is accessible to anyone, anywhere, with or without connectivity. Impacts are felt across industries, with current use cases involving the prevention of data leaks and the establishment of first forms of identity for aid distribution in developing areas.
Trust Stamp CEO Gareth Genner humanizes the sophisticated technology by explaining the core ethos of the company's vision, "We are working towards a future where trusted identity is a universal human right, and where identity systems no longer depend on factors that, when not perfectly in place, limit social and economic mobility."
Genner continues, "This vision resonates across industries and organizations, from financial institutions stepping up to protect customer information to humanitarian organizations needing a better way to serve those that suffer the most. It all ties back to identity. Our earliest backers continue to recognize this significance, and we are confident that the public will as well." The company has decided on this funding path because it is increasingly evident that many people share their vision. When understanding this, it becomes clear why the company places importance on the public aspect of Regulation A+ funding.
This announcement follows several significant milestones met in early 2020. Trust Stamp received a nomination for the CNP (Card Not Present) Awards Best Identity Verification and Authentication Solutions Vendor and continues in Accenture's Blue Tulip competition as Top-10 competitor for world-changing innovation in two categories, Finance and Security. Additionally, Trust Stamp received a patent allowance for their Proof-of-Life technology, with another 10 patent applications in process, the most recent of which revolve around global current events, and announced a strategic investment from Mastercard together with a deepened collaboration in the Humanitarian and Development sector.
About Trust Stamp
Trust Stamp applies advanced cryptographic techniques and AI-powered presentation-attack detection tools to biometric and other identity data to create a proprietary non-PII Hash™ (EgHash™). An EgHash is unique to the subject and provides a tokenized identity that cannot be reverse engineered, can be matched and deduplicated using Trust Stamp's probabilistic AI, and verified via zero-knowledge-proofs. Trust Stamp technology is used in multiple verticals, including humanitarian and development services, banking, FinTech, KYC/AML compliance, real estate, and law enforcement.
SeedInvest is a leading equity crowdfunding platform that provides individual investors with access to pre-vetted startup investment opportunities. SeedInvest has funded over 150 startups and boasts a rapidly growing network of over 200,000 investors. SeedInvest has had over 25,000 startups apply to raise capital since inception and has only accepted 1% of those companies to feature on the platform. For more information, visit www.seedinvest.com.
Disclaimer: Trust Stamp is accepting reservations for an Offering under Tier II of Regulation A. No money or other consideration is being solicited, and if sent in response, it will not be accepted. No sales of securities will be made or commitment to purchase accepted until qualification of the offering statement by the Securities and Exchange Commission (the "Commission") and approval of any other required government or regulatory agency. A reservation is non-binding and involves no obligation or commitment of any kind. No offer to buy securities can be accepted and no part of the purchase price can be received without an Offering Statement that has been qualified by the Commission. A Preliminary Offering Circular that forms a part of the Offering Statement has been filed with the Commission, a copy of which may be obtained from Trust Stamp: https://www.seedinvest.com/TrustStamp
Source: Trust Stamp
Categories: High Technology