AI-powered identity platform Trust Stamp has collected $100,000 in a Series A investment from the OnRamp Insurance Accelerator.
The investment also comes with access to gener8tor’s global network of mentors and investors.
Trust Stamp has joined the second cohort of the OnRamp accelerator programme, which is based in Minneapolis and support the insurance space.
The Trust Stamp solution helps businesses to protect themselves and users through secure identity authentication technology which is centred on individual privacy and security. Its technology enables businesses to adopt biometrics and other anti-fraud initiatives while protecting personal information from hacks and data leaks.
Trust Stamp president and co-founder Andrew Gowasack said, “Across industries, we see sensitive personal information being used to establish truth when initiating business and financial relationships between enterprises and their customers.
“While regulatory mandates rightfully require institutions to verify customer identities to a high degree of confidence, the sharing and storage of user data poses a great risk to institutional security and individual privacy.”
Earlier in the year, Trust Stamp secured a strategic investment from Mastercard. The value of the investment was not disclosed.
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