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Shufti Pro

Functionality

AML + KYC

Description

Shufti Pro provides automated KYC and AML solutions via a single API, enhancing identity verification efficiency.
England
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Bio

Shufti offers AI-driven KYC and AML solutions designed to streamline customer onboarding. Their platform enables businesses to verify end-users and conduct background checks with a single API, simplifying integration into existing systems.

Year Founded

2017

Locations

Global

Key Market

Financial Services

Features

Document Verification

eSignatures

KYB

KYC

Risk Assessments

Screening

Market Focus

Segmentation

  • Enterprise
  • Mid Market

Target Markets

  • Financial Services

Local Group

  • Onfido
  • Jumio
  • Veriff
  • IDnow
  • Trulioo
  • ComplyAdvantage
  • KYC Portal
  • LexisNexis Risk Solutions
  • PXL Vision
  • Sumsub

Data sources and Integrations

Market Map

Shufti Market Map

Strengths

  • They have a high customer satisfaction rating (4.7 on TrustPilot), indicating that users find their services reliable and easy to use.
  • Their solutions are available in over 240 countries, which is a significant advantage for businesses operating internationally
  • Offers both SaaS and on-premises solutions, catering to various client needs, especially for large enterprises with specific security requirements.
  • Most verifications are completed in under 30 seconds, which can enhance customer on-boarding experiences.

Weaknesses

  • The identity verification market is fiercely competitive, with many companies providing similar high-quality products and added features like risk scoring.
  • Some businesses may find the technology complex and require significant training to implement and use effectively.

Pricing

Aventine Rating

Aventine Comment

Raised

£20m

Rounds

Round Details

Shufti Pro raised a total of $20 million in funding. The Series A funding, amounting to $20 million, was announced on 15 March 2022 and led by Updata Partners.

Investors

  • Updata Partners

Executives

Shahid Hanif
Co-Founder
Raja Hassan Fayyaz
Chief Product Officer
Patrick Cox
CEO
N/A