About
iDenfy offers identity verification combining AI biometrics with human review for KYC compliance. Serves 500+ customers including Bank of Lithuania, Juni, and Xcoins. Raised $1.1M (March 2025). €2.4M revenue in 2022. Added bank verification connecting to 2,500+ banks across 29 countries. Featured in G2's Winter 2024 report as leading identity verification solution.
Key Facts
- [1]Founded: Founded in 2017 in Kaunas, LT.
- [2]Funding: Total funding: $1M. Last round: Mar 2025. Stage: Seed.
- [3]Customers: Key customers include Bank of Lithuania, Juni, Xcoins.
- [4]Employees: Employee count: 11-50.
- [5]Website: Official website: idenfy.com.
- [6]AI Technology: Core AI/ML technologies: Computer Vision.
- [7]Region: Region: EMEA (LT).
Founders
Domantas Ciulde
Co-founder & CEO
Gediminas Ratkevicius
Co-founder
Key Customers & Partners
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Market Segments
Tech Stack Layers
Details
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Frequently Asked Questions
What is iDenfy?
iDenfy offers identity verification combining AI biometrics with human review for KYC compliance. Serves 500+ customers including Bank of Lithuania, Juni, and Xcoins. Raised $1.1M (March 2025). €2.4M revenue in 2022. Added bank verification connecting to 2,500+ banks across 29 countries. Featured in G2's Winter 2024 report as leading identity verification solution. iDenfy is classified in the Risk & Compliance segment at the Models layer of the financial AI stack.
Who founded iDenfy?
iDenfy was founded by Domantas Ciulde (Co-founder & CEO) and Gediminas Ratkevicius (Co-founder) in 2017 in Kaunas, LT.
How much funding has iDenfy raised?
iDenfy has raised $1M in total funding, placing the company at the Seed stage. The most recent round closed in Mar 2025. Among 74 funded Risk & Compliance companies, iDenfy ranks #73 by total capital raised. (Source: AIFI Map directory.)
What AI technology does iDenfy use?
iDenfy primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Risk & Compliance segment, 17 companies use this technology.
What market segment does iDenfy operate in?
iDenfy operates in the Risk & Compliance market segment. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually.
Where is iDenfy headquartered?
iDenfy is headquartered in Kaunas, LT. The company operates in the EMEA region. The team consists of 11-50 employees.
Who are iDenfy's competitors?
Companies similar to iDenfy in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does iDenfy offer?
iDenfy builds models-layer solutions for the financial services industry. The company's core offering: AI-driven identity verification with 4D biometric detection. The platform is powered by Computer Vision technology. Notable users include Bank of Lithuania, Juni, Xcoins.