Tech Company Financing Transactions
FlexID Funding Round
On 5/27/2022, FlexID raised $127 million in funding from Algorand Foundation.
Transaction Overview
Company Name
Announced On
5/27/2022
Transaction Type
Venture Equity
Amount
$127,000,000
Round
Undisclosed
Investors
Algorand Foundation (Lead Investor)
Proceeds Purpose
FlexID aims to make its decentralized identity network available in emerging markets where over one billion people are estimated to lack formal identification.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
23 New Industrial Road #04-09 Solstice Business Center
Singapore, 536209
Singapore
Singapore, 536209
Singapore
Phone
Website
Email Address
Overview
FlexID is a platform and wallet for the issuance, storage, and sharing of verified digital identity credentials (e.g., driver's license, land certificate etc.). Its solution replaces paper-based physical credentials, which are expensive to issue, manage, and verify in Emerging Market countries where there is no trusted identity infrastructure. With easy access to verified credentials, FlexID aims to enable individuals to get broader and faster access to a wide range of financial, insurance, healthcare, and agriculture services.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Victor Mapunga
Chief Operating Officer
Sanjay Mendis
Chief Technical Officer
Kudzaishe Zharare
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Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here come from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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