Riding on a 250%+ volume and revenue growth, inVOID, one of India’s fastest growing Identity Verification & Fraud Prevention AI Platform, today announced its plans to expand in the South East Asian markets, like Singapore, Malaysia, Hong Kong, Philippines, Vietnam and Myanmar over the next one year. The company aims to acquire over 200 clients in these markets, across banking and fintech industries.
inVOID plans to expand its team and hire for its engineering, sales and operations teams. It also has plans to discover partnerships and prospects in global markets, where it plans to explore alternate data sharing and sourcing options to build a seamless onboarding experience for companies.
With the current pandemic, all businesses are embracing digital solutions so as to build a robust ecosystem to combat uncertainties that may arise due to the changing business and economic environments. Therefore, they have witnessed a drastic increase in the demand for digital on-boarding and remote verifications during the times of the pandemic. inVOID has seen a huge demand surge from various geographies, making it one of the few startups that have recorded unparalleled growth even during these unpredictable times.
“We have been able to grow phenomenally well, even amidst the COVID-19 crisis. We have added new partners across industries. We believe that this is the right time to kickstart our global story. South-East Asia offers a plethora of opportunities for a product like ours as they are receptive of digital methods of onboarding and verification. We will be targeting financial institutions, lending companies and Fintechs in Singapore, Malaysia, Hong Kong, Philippines, Vietnam & Myanmar. We are hoping for a positive response from these markets” said Kunwar Raj, Co-founder and CEO at inVOID.
“Our onboarding solutions, facial recognition technology and passive liveness offerings are one-of-a-kind and use the most advanced and state-of-the-art technology. We are excited about our expansion in South-East Asia and are confident that our offerings will resonate well with the customers in these markets. We are expecting to strengthen our fraud check mechanisms, thereby making our offerings robustly engineered and much more secure, in the future,” said Sarthak Goel, Co-founder & CTO, inVOID.
inVOID has attained noteworthy scale in the last two years and its clients include prestigious banks, Fintechs, NBFCs, gaming platforms, matrimonial and cryptocurrency companies. With everything going virtual, inVOID enables companies to verify users in a click remotely and the Video KYC solution also gives a human touch to the whole process. In the times to come, the company expects to grow well and enhance its customer base, across industries as well as geographies.