cheqd
cheqd is a Web 3.0 startup founded by an ambitious and experienced team in the field of self-sovereign identity (SSI). SSI is a new paradigm for exchanging trusted digital data related to people, companies, and things in a much more secure and privacy-preserving fashion that puts people in control of their data. Far too often, digital identity services online are slow, user-hostile, and expensive for businesses to process. It costs anywhere from $10 onwards to verify the identity of people online, and upwards of $100s for corporate entities. Over the past few years many startups, established ID companies, governments, and non-profits have used decentralised identity to give people more control back of their data and make its use secure and transparent. BUT... What is currently missing is an incentives layer for the self-sovereign identity ecosystem, which hampers adoption. We use blockchain to create a decentralised network for digital identity payments. Once we build this, we will build tools to allow digital ID payments agnostic of ledger. Our initial target segment is B2B, to any companies building products on decentralised ID for people and companies. We will work with these ID companies to integrate verim's digital ID payment rails and network. Our future roadmap includes plans for enterprise and SaaS software that allows large/mid- cap organisations that want to monetise their digital ID issuance. Our mission is to make digital identity more accessible, inclusive, and commercially sustainable. Our core product is a blockchain network that makes exchanging and paying for trusted data easy, inclusive, and secure. We built this core on blockchain technology, as we believe no single company should be in control of such critical Web infrastructure. Our vision is that this new form of digital identity applies beyond just the financial industry and will be transformative for almost every industry sector imaginable. Through our network, anyone can verify identities quickly and securely with the ability for organisations checking the data to be compensated for their work.
cheqd is a Web 3.0 startup founded by an ambitious and experienced team in the field of self-sovereign identity (SSI). SSI is a new paradigm for exchanging trusted digital data related to people, companies, and things in a much more secure and privacy-preserving fashion that puts people in control of their data. Far too often, digital identity services online are slow, user-hostile, and expensive for businesses to process. It costs anywhere from $10 onwards to verify the identity of people online, and upwards of $100s for corporate entities. Over the past few years many startups, established ID companies, governments, and non-profits have used decentralised identity to give people more control back of their data and make its use secure and transparent. BUT... What is currently missing is an incentives layer for the self-sovereign identity ecosystem, which hampers adoption. We use blockchain to create a decentralised network for digital identity payments. Once we build this, we will build tools to allow digital ID payments agnostic of ledger. Our initial target segment is B2B, to any companies building products on decentralised ID for people and companies. We will work with these ID companies to integrate verim's digital ID payment rails and network. Our future roadmap includes plans for enterprise and SaaS software that allows large/mid- cap organisations that want to monetise their digital ID issuance. Our mission is to make digital identity more accessible, inclusive, and commercially sustainable. Our core product is a blockchain network that makes exchanging and paying for trusted data easy, inclusive, and secure. We built this core on blockchain technology, as we believe no single company should be in control of such critical Web infrastructure. Our vision is that this new form of digital identity applies beyond just the financial industry and will be transformative for almost every industry sector imaginable. Through our network, anyone can verify identities quickly and securely with the ability for organisations checking the data to be compensated for their work.
cheqd has raised $2.6M across 1 round. Its most recent round was a Seed of $2.6M in Sep 2021. Full funding history, investors, and team are detailed below.
Funding history
1 round on record.
Unlock the lead investor and full details for this round.
People
Founders, executives, and decision-makers — sourced and refreshed weekly.
See who runs this company — founders and key execs, with titles and LinkedIn profiles, ready to export.
cheqd is featured in
Similar companies
Instanda is a supplier of a no-code center protection stage that permits insurance agency to fabricate, design, and send off items on the web. The organization's foundation digitizes the complicated protection esteem chain with center advanced PAS and a point of interaction permits business clients to improve, make due, and disperse protection items. Established in 2012, Instanda is settled in London, England.
Hyperlayer specializes in payment technology, providing a protocol that can revamp wallets and customer loyalty programs.
Headquartered in London, BVNK sets the global standards for digital asset financial services. BVNK serves fast-growth businesses and partners across Europe and beyond. BVNK harnesses the power of cryptocurrencies to create new ways for customers to achieve their treasury and investment management goals. Its core products are the BVNK Business Account, BVNK Yield, where clients can put their capital to work and earn interest, and BVNK Markets for executing large transactions. BVNK’s day-to-day operations are governed by three overriding principles: a commitment to transparency; a focus on delivering accessible solutions; and a readiness to advocate for the role of digital assets in global financial systems.
Agio Ratings Ltd helps to safeguard investments and assess credit risks for companies involved in trading and investing in digital assets.
Bite Investments is a global financial technology company, providing software-as-a-service (SaaS) to digitalise alternatives investments in a seamless end-to-end investment process. The company’s investor solutions software, Bite Stream, is a configurable SaaS platform designed to enable fund managers to compliantly streamline and scale the distribution of private markets investment products in an easy, secure, and efficient way. Catering to all types of investors and alternative asset managers, it provides a fully digital, intuitive and efficient investor experience for product launch, investor subscription, onboarding, and post investment events. Find out more about Bite Stream: https://www.biteinvestments.com/bite-stream/ Bite’s investment solutions and digital marketplace bring alternative investments out of the institutional market, making them accessible to a larger audience of investors and advisors. Find out more about the investment platform: https://www.biteinvestments.com/investment-platform/ Learn more at https://www.biteinvestments.com/ or follow us on Twitter (https://twitter.com/biteinvestments/).
Fnality International provides a digital cash system that uses blockchain technology to settle financial transactions. It was established in April 2019 and is headquartered in London, England. Fnality is the commercial realisation of a four-year Research & Development project called the "Utility Settlement Coin," which was first proposed by UBS and London-based blockchain company Clearmatics.
GC Partners provides services such as foreign exchange payments, international money transfers, and global currency accounts.
London-based Archax is a global, regulated exchange, brokerage, and custodian for digital assets. Archax provides a reliable link between the blockchain-focused cryptocurrency community and the conventional investment area. It was founded by professionals in the financial markets industry and is supported by an established advisory board. The first company to ever be regulated by the FCA as a digital securities exchange, custodian, and brokerage is Archax. Additionally, it was the first company to be listed as a VASP on the FCA's Cryptoasset Register (Virtual Asset Service Provider) To enable institutional investors to trade in all forms of digital assets, including cryptocurrencies and digital securities, Archax was created.
Bumper is a payment platform specifically designed for car dealerships, aiming to enhance the payment process for car repairs and accessories. Through Bumper, customers have the opportunity to divide the expenses of their repairs into affordable monthly installments, without any additional interest charges.
Lightyear is an online investment platform that offers access to worldwide stock markets, ETFs, money market funds, and multi-currency savings with interest on idle cash. It is accessible through mobile devices and a fully operational web application, allowing users in more than 20 European countries to trade ETFs and stocks without commission in various currencies. Lightyear is overseen by regulatory authorities in the UK and Estonia, providing deposit protection, clear pricing, and no hidden charges.
Online platform underpinned by smart matching technology directly connecting the UK’s leading Founders, Investors & NAMs.
Proxymity is a digital investor communications platform. Proxymity connect issuers, intermediaries and investors in real time via our unique digital pathway, which creates more efficient, more accurate and more transparent solutions.
Know which startups just got funded. Every week.
Fresh funding rounds, new companies, and the sectors moving fastest — in your inbox every Monday morning.
Free. Sent every Monday. Unsubscribe anytime.