Verif-y Inc. Investor Portal

Verif-y Inc.

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VERIF-Y INC.
506(c) Offering Platform

INTRODUCTION TO OUR COMPANY

Verif-y is a technology company that reestablishes trust among individuals and the various organizations that consume their data. We allow these organizations to automate identity verification processing while also allowing individuals to securely own and manage their data. This combination significantly improves the onboarding and identification processing efforts required by various regulations, while at the same time materially reducing a corporation’s or other institution’s privacy and compliance liabilities. Verif-y’s solution is unique and is unmatched in the market, and creates for the first time, an alignment between an organization’s need to adhere to various compliance and privacy regulations, and the individual’s ability to control who will see their identity documents, and professional credentials. We leverage the relevant tenants of blockchain technology, such as encryption, immutability, recovery and secure sharing to provide integrated compliance, privacy and identity solutions to our clients.

Our solutions mainly target the financial service industry where these compliance, privacy and identity needs are the most apparent. Our solutions eliminate the manual, difficult and inefficient paper-based identity verification processes by offering automated Know Your Customer Screening (KYC), Know Your Business Screening (KYB), Anti-money Laundering Screening (AML), Accredited Investor Screening (ACI), and Credential & Employment Verification (C&EV). Users can seamlessly upload their passports, national IDs, employment history, by taking a picture with their mobile phones and completing the verification process in seconds. Using Artificial Intelligence (AI), Machine Learning (ML) and proprietary algorithms, Verif-y authenticates these documents in real-time and delivers the results to our clients in a simple to use, web-based dashboard. These functionalities allow Verif-y to serve various types of clients with the same strong, reliable and highly secure identity solution. Thus, while the financial services industry is one of the larger consumers of our services and where we currently focus our marketing efforts, our services are applicable and used by many others, such as: educational institutions, healthcare providers, government agencies, and other corporations.

Once the individual’s identity documents and/or educational and professional records are digitally validated using our proprietary technology, they are uploaded into the user’s credential wallet where they are stored and exclusively managed by the user. Verif-y is in advanced stages of constructing an additional layer of proprietary blockchain storage solution that is encrypted and ensures that only the user can access, control, and manage their highly sensitive and valuable data.

Verif-y provides a solution to combat the need for improved Digital Identity Verification in the form of effortless, reliable ID Verification with secure storage to remove regulatory risk.

VERIF-Y INC.
506(c) Offering Platform

summary of opportunity

Given the ubiquity of data breaches, hacks, and fraudulent practices around the world, the importance of accurate verification of the counterparty with which business is conducted in today’s global economy has never been more acute. In addition, the world’s largest institutions have seen financial fines in excess of billions of dollars, seeding demand for better ways to validate and manage digital identity processes and the associated data.

The costs associated with identity verifications are high, with fraudulent activities only increasing over the past several years. The need for a new more accurate, cost-effective and secure way of confirming and utilizing an individual's identity for corporations, other institutions and the underlying user is clear. Verif-y has built its products and services to address this need and works with its existing clients to improve their overall efficiency and trust in this ever-changing market.

Product and Services

Our products and services were developed in order to give our clients a one stop solution that addresses their main pain points in the areas of compliance, on boarding, privacy and digital identity.

Regulatory Compliance Screening Services

Verif-y provides its existing and future clients with a simple, cost effective, one-stop-shop solution to meet the ever-shifting landscapes of banking compliance, and other regulatory legislation (e.g. GDPR, CCPA, and more). For example, Verif-y’s KYC platform already includes Anti-Money Laundering (AML) screening, and the option to supplement your KYC process with other screenings such as Accredited Investor (ACI.) Verif-y’s compliance algorithms analyze user entered or generated data against various data points and sources in order to generate a decision based on a client’s specific business practices and compliance requirements.

Accredited Investor Screening

  • Verif-y Accredited Investor Screening technology includes KYC as its first step. After our KYC process has completed it then continues to determine whether the user is in an Accredited Investor according to the guidelines set out by the SEC.

Anti-Money Laundering Screening:

  • Our technology automatically scans tens of international databases to check against Financial Sanctions Lists, Office of Foreign Assets Control (OFAC), United Nations Security Council List, among others. Depending on our client’s needs we can limit or expand the number of anti-money laundering databases we scan to best fit their needs.
  • Once a database is scanned using data such as the users full name and country our solution provides a PASS/FAIL result.

Our Know Your Business and Company Verification Solutions

  • Automation – Verif-y automates State and Government business registration checks allowing for a seamless search, find and business authentication process. Verif-y does not use 3rd party databases, instead focusing on primary source verification methods.

Know Your Customer

Our Compliance Solution Technology utilizes the following Fraud Detection Methods when analyzing individual IDs submitted for verification:

  • ID Authenticity Assessment: Each Government recognized National ID has a unique presentation of data and format. Our systems authenticate this format to assess whether the ID has been tampered with.
  • Proof of Identification Ownership: Selfie Image uploads allow our technology to compare facial features with the image presented in the Identification Card.
  • Data Integrity Analytics: Our system matches the text and content provided by the individual with the documentation provided by the individual during the screening process. It catches name mismatches, unsupported identification documentation, date of birth mismatches, to name a few.
  • Internal Propriety Identification Document Databases: Verif-y has comprised its own internal database of identity documentation from around the world. It utilizes this database to do additional ID fraud and template checks.
Technology Overview

Verif-y is a Self-Sovereign Identity (SSI) and Compliance Screening Platform that provides Regulatory Compliance Screening Services for Know Your Customer (KYC), Anti-Money Laundering (AML), Know Your Business (KYB), and Accredited Investor screenings (ACI) as well as Credential and Employment Verification (C&EV), Identity Verification (IDV), and more.

Verif-y incorporates artificial intelligence (AI), machine learning (ML), optical character recognition (OCR), facial recognition, biometric matching, and data extraction and analysis when analyzing and processing the various data types that are transmitted through its platform.

Verif-y’s innovative blockchain-based identity solution is built on the principal that an identity and its underlying credentials are owned and governed by the person or persons to which they belong. Verif-y leverages attestations directly to the blockchain coupled with secure, distributed file storage technologies to ensure validity and authenticity of the user’s credentials.

Prevalence of Fake Credentials: An increasing amount of people (~85%) lie or embellish their resumes, making it harder for employers to determine best applicants.

VERIF-Y INC.
506(c) Offering Platform

Company Management Team

The Company is currently managed by seasoned business and sector professionals dedicated to the success of the Company and efficient execution of its planned operations.

Ed Zabar, Chief Executive Officer

Ed Zabar

Chief Executive Officer

Finance, and Management. Ed founded VERIF-Y INC.. which he now manages as the CEO. Prior to founding Verif-y, Ed served as a turnaround CEO of a UK technology company with $40M in revenues, where he restructures it and returned the company to profitability.

Ed was also a Managing Director at several leading boutique investment banks in New York and Philadelphia. In these roles, Ed specialized in Mergers and Acquisitions, and funding of early and expansion-stage Technology, Media and Telecom companies. In addition to his role as investment banker, Ed also acted as COO and CTO for one of the Investment Banks.

Prior to his work as an investment banker, Ed was a Vice President at a New York-based venture capital firm as well as a US/Hong Kong family office. While there, he executed multiple transactions with technology companies in various stages of development. Prior to these roles, Ed served as an Executive Vice President of sales and marketing at ViewTrade Securities, where he was instrumental in increasing the company's global client base and its revenues from $500,000 to over $15M. In addition, Ed was a financial and technology consultant at Goldman Sachs and PwC where he advised many Fortune 500 financial services and manufacturing firms.

Ed also co-founded and exited two technology startups in the late 90's early 2000's.

Ed holds an MBA from Columbia University and a BS in Finance and Information Technology from New York University.

Colleen Conners, Chief Operating Officer

Colleen Conners

Chief Operating Officer

Colleen Connors has over 16 years of professional experience spanning technology and finance. Colleen is currently the Chief Operating Officer for Verif-y. Prior to the role of Chief Operating Officer for Verif-y she was the Director of Systems Operations where she was responsible for Verify's data management, algorithms, and processing. She is also a cofounder at Women + Blockchain a curated, community newsletter supporting women, education and news within the Blockchain global ecosystem. She joined Benjamin Franklin Technology Partners earlier this year on their Physical Science Investment Advisory Committee helping to stimulate investment into startups in the Philadelphia region.

Before joining the Verif-y team she was the founder and CEO of a sports equipment technology startup, Bquipped. There she honed her data analytics, management and technology product development skills which she uses daily now at Verif-y. Colleen’s career started in Global finance with Schroder Investment Management. Her last role during her 7+ year tenure at Schroders was as a Global Fixed Income Fund Manager based out of their headquarters in London. During her time there she specialized in asset allocation and municipal bonds (out of Philadelphia) and could often be seen guest lecturing at Cambridge University to their Masters students.

When not working she can often be found in another country or state exploring with her family or can be found coaching players on the field hockey field. Colleen holds an MBA from Babson College – Olin Graduate School of Business and a BA from the University of Pennsylvania.

Chad Peiper, Chief Architect

Chad Peiper

Chief Architect

Chad has over 15 years of experience integrating IT services and solutions while managing requirements, tasking, and budget allocations. Chad has served as a technical lead and subject matter expert collaborating and interfacing with clients, developers, vendors, and executive leadership.

While completing his graduate work at the University of Illinois, Chad was a Lecturer in the Department of Computer Science where he taught and facilitated lectures on course topics ranging between 30 to 250 students, inclusive of both online and classroom settings. Other teaching engagements included Adjunct Professor positions at Walden, Strayer, and Kaplan Universities.

Prior to joining Verif-y, Chad was a Sr. Application Architect as a member of the Global Command Control System Joint (GCCS-J) Integrated Imagery and Intelligence (I3) Architecture Team under the umbrella of the Department of Defense (DoD). In this role, Chad was responsible for helping to drive the infrastructure roadmap for enterprise architectural strategies in the standardization and modernization of GCCS-J/I3. Chad worked as a Sr. Infrastructure Architecture at Elsevier, where he was responsible for planning, maintaining and improving the technology and architecture for Elsevier leveraging Amazon Web Services (AWS), virtualization, continuous integration, test driven development, and automation.

Chad is currently an Adjunct Professor in Cybersecurity at the University of Maryland University College and Blockchain at Drexel University. In addition to specializing in Infrastructure and Cloud Computing, Chad has worked extensively with docker, security, and in the past four years, blockchain technologies.

Chad holds an MS and PhD in Computer Science from the University of Illinois, an MA in Computer-based Musicology from University of California at Santa Cruz, and a BS in Music Education from Case Western Reserve University.

Catherine Griffin, Business Development and Strategy

Catherine Griffin

Business Development and Strategy

Catherine brings over a decade of experience in startup strategy, Venture Capital and product development, and a laser focus on strategy execution. When she is not elbow deep in analytics with her favorite founders, she is painting the town on her vespa.

As Managing Director at GoodCompany Ventures, Catherine has built multiple global and cross-sector social innovation engines designed to catalyze and accelerate the application of new technologies to address the world's most pressing challenges. She led the design and execution of FastFWD - a partnership between the City of Philadelphia, Bloomberg Philanthropies and the Wharton Social Impact Initiative, designed to address the City's public safety challenges, and Climate Ventures 2.0 - a partnership with the Obama Administration's Climate Data Initiative to address climate threats to food and water systems. As a result of her work, portfolio companies have gone on to serve millions of users, raise market-rate investment from leading VCs, and make a dent on serious urban and climate adaptation challenges. Her work has been featured in Forbes and the New York Times, among others.

Catherine draws on her operational and fundraising experience as a successful two-time social entrepreneur, co-founding ventures in the social shopping and ethical apparel industries after launching her career as part of GoodCompany’s second graduating class. These companies have received national recognition.

Prior to venturing into Social Enterprise, Catherine worked with the United Nations and the World Business Council for Sustainable Development in Geneva to research the comparative efficacy of Corporate Social Responsibility initiatives among top Fortune 500 Companies.

Catherine sits on the Board of Power up Gambia, a non-profit that brings reliable solar energy sources to healthcare facilities and clinics in the Gambia, and is an Adjunct Professor at Temple University's Schools of Engineering and Business. She holds a BA from the University of Pennsylvania.

Tammy Fudem, General Counsel

Tammy Fudem

General Counsel

As General Counsel, Tammy oversees the Company's global corporate, commercial, intellectual property and regulatory legal affairs. Tammy joined Verify in 2016 and has developed the Company's legal strategy during a period of high growth. Prior to her work at Verify, Tammy was a senior attorney in New York and Toronto and worked at top tier international law firms including: Stikeman Elliott and Sidley Austin. Some of her roles at these firms included representing fortune 500/public companies as well as startups and other private enterprises, advising them on governance, mergers and acquisitions, IPOs and various other corporate matters.

Increase in Identity Theft: Identity theft has been increasing; from $15.3 billion/13.1 million people in 2015 to $16 billion/15.4 million people in 2016.

VERIF-Y INC.
506(c) Offering Platform

terms of the offering

$10,000,000

Minimum Offering: $1,000,000

Minimum Subscription: $5,000 (1,250 Shares)

VERIF-Y INC. (the “Company” or “Verif-y”), a Delaware C-Corporation, is offering by means of this Confidential Private Placement Memorandum, a minimum of 250,000 shares and a maximum of 2,500,000 shares for $4.00 per share. The offering price per share has been determined arbitrarily by the Company.

CONTACT US

Please complete the contact form and we will get back to you about any questions you have about our offering.

Verif-y Inc. - 3401 Market Street Suite 200 - Philadelphia 19104, US — customersuccess@verif-y.com — (610) 813-6400

VERIF-Y INC.
506(c) Offering Platform

so much more than what you see

prospect dashboard

The VERIF-Y INC. 506(c) Investor Portal provides the opportunity to learn about our investment opportunity. Once registered, you will have:

  • Access to the Private Placement Memorandum, which outlines our company and gives greater detail about our offering;
  • Access to our SEC filing;
  • View real time offering metrics of how far along we are in the offering process;
  • View a timeline of your progress in the investment process;
  • View company contact information and send email directly to the administrator;
  • Easily upgrade your account with the click of a button.

Once your account is upgraded you will have additional access including:

  • The ability to complete the subscription documents via download or online;
  • Upload of subscription and accredidation documents as applicable;
  • Specific process information for investing and instructions on transfer of investment funds;
  • Access to company shared quarterly / annual reports, Financial documents and Supporting Documents;
  • Access to the Asset Portfolio as applicable;
  • Access to News articles written by the company;
  • Access to documents associated with your account.

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