iDenfy has been selected by PayQuicks to enable fast and secure identity verification and onboarding for its verifiable credentials.
Kaunas, Lithuania (April 30, 2021) – iDenfy identity verification company collaborates with PayQuick, a secure digital money transferring platform, to offer identity verification for a smooth onboarding experience to its users.
iDenfy, the brainchild of childhood friends Domantas Ciulde and Gediminas Ratkevicius, has now bloomed into a stable startup in Lithuania, serving hundreds of high-tech finance, gaming, and other sharing-economy based companies across the world with its identity verification services. Since its inception in 2017, the successful startup has won many accolades, including winning the ‘Fintech Startup Of The Year’ award in 2020.
Integration of iDenfy into PayQuick has increased the security aspect and the app’s reliability in multiple folds. The digital startup that aims at being an international brand for money transfer has adopted the latest technologies and tools to provide swift and secure transfers at a fraction of the cost when compared to the charges of traditional money transferring companies. iDenfy’s layer of advanced security functions reduce fraud and ensures that the company comply with Know Your Customer and Anti Money Laundering regulations. M. Samantar, the CEO of PayQuick, spoke of the platform’s origin, “PayQuik was started by a group of dedicated entrepreneurs with extensive money transfer experience. After spending over 20 years working at traditional money transfer companies, we saw a lot of problems – to put it simply, the majority of money transfer companies have not moved with modern technology and consumer habits. We knew we could do better, and so PayQuik was born.”
Domantas Ciulde, the CEO of iDenfy, shared his view on the partnership, ““We are excited to partner with PayQuick as they embark on providing low fee digital international money transfer services to underserved countries. IDenfy will provide PayQuick with our AI facial recognition identity services as well as the necessary protections against fraud along with statutory money laundering compliance.”
To learn more details about iDenfy, visit www.idenfy.com.
iDenfy provides real-time identity verification services for financial, sharing-economy, gaming industries. The Lithuanian startup company was founded in 2017 at Kaunas University Technology Park by two childhood friends – Domantas Ciulde and Gediminas Ratkevicius. iDenfy was awarded “Startup of Lithuania” in 2018. In 2019 became ‘Startup of the Kaunas City’ and in 2020 won the ‘Fintech Startup Of The Year Award’.
For more information and business inquiries, please visit www.idenfy.com.
For media inquiries, please contact Viktorija Bielskaite at [email protected]