Digital onboarding startup Idwall used this pitch deck to bag seed money from 500 Startups

ABOUT

Founded in 2016 by Lincoln Ando and Raphael Melo, Idwall uses machine learning and AI to help companies build a digital onboarding process via its face match, background check, and automated optical character recognition offerings.

According to the Brazil-based firm, its application programming interfaces verify personal documents and information by searching public and private databases.

After validating that an ID is authentic, Idwall ensures that the person using it is the actual owner of the ID and then runs a full background check.

The company used this deck in the 500 Startups Demo Day to secure seed funding.

Fundraising journey

• 2017: US$600,000 in seed funding from Canary and Monashees
• 2017: US$125,000 in additional seed funding from 500 Startups
• 2018: US$3.6 million of series A funding led by Monashees, with the participation from Canary, Mercado Livre, and Fundacao Estudar
• 2019: US$12 million in series B funding from Qualcomm Ventures’ AI Fund, OneVC, Globo, Canary, and Monashees

How is the deck compelling?

• The deck begins by stating the problems that every corporation or service provider will face when they rely on online registration systems, which lead to huge financial losses for companies.
• It shows some of the big clients that have adopted Idwall’s service and the amount of annual recurring revenue that Idwall received.
• The deck also elaborates on how its system can prevent fraud.

SOURCE

Deck: Starthouse