We want to have a transparent process, and our partnership with Onfido is our way to enhance this fact. Through Onfido, a company can verify the customers’ identity by requiring a government-issued ID, checking if it’s fraudulent or not and comparing it against the user’s facial biometrics.
From SeedBlink’s perspective, if a user goes through the identity verification process and has a “Verified Profile” (a tag that will appear in the section “Profile Settings” and that will also be confirmed on the email), we can be sure that the investment decision is a genuine one. Also, through this, we aim to protect sensitive information about the campaigns and startups that will only be available to user’s who have a verified profile.
From the user’s experience, a verified profile offers accessibility to the documents and the financials of that specific startup and campaign. Moreover, a user can only invest if their profile is fully completed – completing the additional data, type of investor and identity verification process.
This process benefits investors and startups and enhances the transparency that we want to bring to our operations.