iDenfy

Functionality

Client Onboarding

Description

Comprehensive onboarding platform used across finance, crypto, and fintech in Europe and North America.

Lithuania

Bio

iDenfy is a Lithuania-based RegTech that supports regulated firms with onboarding and compliance processes. It provides a single platform to verify individuals and businesses, screen for sanctions and adverse media, and generate risk assessments based on configurable rules. The platform is designed for compliance teams in financial services, crypto, gaming, and fintech, especially those operating across Europe and North America.

links

Website

Year Founded

2017

Locations

Europe and North America

Key Market

Financial Services

Features

Adverse Media

Automatic Follow-Up

KYB

KYC

NFC Chip

Ongoing Monitoring

Questionnaires

Risk Assessments

Risk Scoring

Market Focus

Segmentation

Mid-Market
SME

Target Markets

Financial Services
Cryptocurrency
iGaming
Fintech
E-commerce

Local Group

Veriff
ComplyCube
Strise
NorthRow
SumSub
KYCAID
ComplyTek

Data sources and Integrations

In-house KYC and KYB engine
In-house sanctions and adverse media list
Integrations with:
- Creditsafe (KYB)
- Kyckr (KYB data feeds)
- OpenAI (Smart verification summaries)
Government registry APIs
Credit bureau access (varies by region)
AML/CFT sources aggregated internally

Market Map

Strengths

End-to-end onboarding journey fully built in-house (including proprietary KYC and AML screening)
Highly configurable flows for questionnaires, screening, and risk scoring
Built-in risk engine with automation and rule-based logic
Very clean UI/UX

Weaknesses

Risk Assessment module is in development
Would like to see transaction monitoring or risk classification for adverse media types
The company profiles could use an entity tree to bring them to life

Pricing

Speak to their sales team

Aventine Rating

Aventine Comment

Highly recommend checking this tool out, it has its own proprietary products, the platform is deep, easy to use and can do everything needed.

Raised

£0.3m

Rounds

Round Details

Total Raised
$340,000

Investors

Angel-backed (undisclosed individuals)

Executives

Andrius Šulskis

Chief Technology Officer

Domantas Ciulde

Chief Executive Officer

Viktor Vostrikov

Chief Marketing Officer

Key Clients / Partners

Bank of Lithuania
Juni (Fintech, EU)
ATB (Canada)
Xcoins
Betsafe
Coinmerce

Data Security / Certifications

ISO 27001 Certified
SOC 2 Compliant
Cyber Insurance
In-house biometric and data security stack

Awards

Fintech Startup of the Year (2020)
Baltic Assembly Innovation Prize (2021)