Footprint, a NYC-based company that allows companies to securely onboard users, raised $6m in Seed funding.
The round was led by Index Ventures, with participation from the founders of Plaid, Ramp, Lattice, Moonpay, Kayak, and Jumpcloud, as well as seed-focused funds BoxGroup, Operator Partners, Lerer Hippeau, Palm Tree Crew, Not Boring Capital, and K5.
The company intends to use the funds to further product development and round out the team prior to the launch of early access this fall.
Led by co-founder and CEO Eli Wachs, Footprint provides identity verification and PII vaulting online. Leveraging the latest technology, the company makes it possible for people to own their digital identity, which enables companies to serve them and operate more efficiently. It gives enterprises the tools to verify, authenticate, authorize, and secure identity with accuracy. The company uses cryptography to tokenize identity, and also leverages biometric scans, liveness checks, and peer-to-peer verification to validate real people in real time while keeping bad actors out.
With Footprint’s patent-pending technology, enterprises can onboard users while offloading the handling of sensitive data. Its privacy-preserving technology lets enterprises satisfy KYC without needing to ever touch PII; its secure PII vault protects user’s data while saving enterprises time and money. The company is able to also help enterprises with access control, audit logging, and permissioning.