fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Featured

Indonesian digital signature startup PrivyID bags US$17.5 million in Series B funding round

AsiaTechDaily Writer by AsiaTechDaily Writer
27 October 2021
in Featured, FinTech
0
Indonesian digital signature startup PrivyID bags US$17.5 million in Series B funding round
45
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Jakarta-based startup PrivyID that provides digital signature and universal identity services has recently raised US$17.5 million in a Series B funding round led by GGV Capital, a Global Venture Capital powerhouse.

The funding round was also joined by returning investors Telkomsel Mitra Inovasi, MDI Ventures, Gunung Sewu Group, and Mandiri Capital along with participation from new investors- Buana Sejahtera Group and Endeavor Catalyst.

PrivyID aims to use the fresh funding to expand its information technology and security infrastructure, which is presently holding digitally signed documents and the digital identity of several enterprises, including multinational institutions like Manulife, Zurich, WWF, ISS, Phillip Morris, and Kelly Services.

The company also claims that it has extended its digital signature business into the European Union countries by partnering with a higher education SaaS provider, Zettabyte.

According to data from Statista, the digital identity solution market is expected to grow from the current $23.2 billion to $49.5 billion by 2026. In the Southeast Asia region, the other major players in this space are India-based startups e-Mudhra and SignEasy.

Jenny Lee, managing partner at GGV Capital said, “Privy has one of the strongest founder-market fits in the digital identity and access management space, with the core founding team having more than 30 years of combined experience in law, regtech, fintech, and cyber security including white-hat hacking.”

About PrivyID

Founded in 2016 by Guritno Adi Saputra and Marshall Pribadi, PrivyID offers a platform that enables users and enterprises to digitally sign and transfer documents online with an integrated audit trail by using electronic identity verification technology that works across platforms.

Since its inception, the startup claims that its services have been trusted by more than 205 companies and about 4.5 million individual users in the country. PrivyID boasts of enabling about 18.5 million users to open stock trading accounts, bank savings accounts, insurance policies, apply for credit cards, sign rental contracts, a motor vehicle, take loans from leading FinTech companies, submit invoice financing, and accept job offers without the need to sign on the hard copy of documents or travelling.

The startup is the only digital player that has passed the central bank’s regulatory sandbox. PrivyID has projected that its daily transactions will grow from 100,000 per day to 800,000 per day in the next two years.

PrivyID envisions to be a global leader in electronic identification and authorization by enabling organizations, humans, and machines to communicate seamlessly while safeguarding confidentiality, authenticity, access control, integrity, and non-repudiation.

Tweets by PrivyID

Tags: digital signatureSoutheast AsiaStartup
Previous Post

IPO-bound Nykaa eyes for expansion in Europe and the Middle East

Next Post

Omnichannel brand Love, Bonito raises $50m to fuel global expansion

Related Posts

edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
Antler
Featured

Antler to invest in over 30 startups in Indonesia this year

March 21, 2023
edit post
WeBudding
Content & Games

Korean startup WeBudding partners exclusively with the most popular free app Goodnotes 5 to provide Korean digital stationery content to users globally

March 17, 2023
edit post
One Impression
Featured

One Impression raises $10m in Series A to expand product offerings

March 15, 2023
edit post
Bababos
Featured

Indonesian startup Bababos closes pre-seed funding led by East Ventures

March 15, 2023
edit post
Broom
Automobiles

Indonesian auto tech startup Broom raises $10m in Openspace-led funding

March 14, 2023
Next Post
edit post
Love, Bonito

Omnichannel brand Love, Bonito raises $50m to fuel global expansion

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback