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Singapore-Based Accredify, a Blockchain-Based Platform for Document Verification, Has Raised $7 Million in a Series a Funding Round Co-led by iGlobe Partners and SIG Venture Capital

Singapore-based Accredify, a blockchain-based platform for document verification, has raised $7 million in a series A funding round co-led by iGlobe Partners and SIG Venture Capital, with participation from Pavilion Capital and Qualgro. Accredify creates a wallet, or document store, for clients on the Ethereum network, manages their private and public keys, and draws data through dashboards or API integrations. The platform has processed 12 million verifications on 2 million issued documents and served 600 users. Accredify has worked with educational organizations, corporate registries, and healthcare providers, and collaborated with Singapore's Ministry of Manpower and Ministry of Health to create a system that verified COVID-19 records. The company plans to double down on its presence in Australia and explore expansion into Japan.

(By Catherine Shu)

Blockchain Singapore
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