Venevo is supervised by the European Securities and Markets Authority (ESMA) and Romania’s Financial Supervisory Authority (ASF). The platform connects entrepreneurs with investors, facilitating funding of up to €5 million annually.
iDenfy’s technology supports real-time user identity verification, ensuring compliance with Know Your Customer (KYC), AML, and Know Your Business (KYB) regulations. The company recognizes and verifies over 3,000 types of identity documents from more than 200 countries and territories. Its system employs biometric facial recognition and 3D liveness detection to prevent fraud through photos, masks, or AI-generated images. iDenfy also conducts AML screening by checking global sanctions lists, watchlists, and databases of politically exposed persons (PEPs), including data from Interpol, Europol, and the FBI. The system is regularly updated to comply with evolving regulations.
“Our software now carries multi-layer KYC verification options,” commented Domantas Ciulde, CEO of iDenfy. “For example, our newest partner, Venevo, combines biometric checks with government-issued ID document verification to build a bulletproof verification flow. We see people manipulating data very often, even on platforms where the base of the customers should be serious and transparent in theory… Our mission is to provide businesses with the tools they need to combat fraud and maintain trust. We’re excited to help Venevo scale and attract more users through a seamless and compliant onboarding flow.”
“We chose iDenfy for its intuitive, reliable, and versatile identity verification solutions, which allow our users to verify their identities seamlessly across multiple devices and platform,” said Tudor Oprea, Co-Founder of Venevo.
iDenfy has recently expanded its operations, achieving SOC 2 certification and opening a new office in Delaware, USA, to strengthen its presence in the US market. The company serves over 400 enterprise clients globally and has over 230 employees across offices in Europe, Asia, and the US. The company recently attained SOC II Certification, and announced a new Delaware office last fall.
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February 5, 2025 – by Ali Nassar-Smith
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