Incode Technologies

Incode Technologies is an omnichannel biometric identity platform that focuses on frictionless banking, payment, hospitality, and retail experiences. The company has offices in Latin America and Europe. Incode’s products are already used by some of the world’s largest banks, financial institutions, governments, and retailers. Incode’s product suite covers services such as 1) digital onboarding of customers using their face and governmen- issued ID, 2) kiosk solution enabling organizations to authenticate customers, 3) mobile phone-based authentication, 4) online and in-store settings payment facility, and 5) an online transaction verification platform. 

Incode’s technology can run even with low-end mobile phones that have poor-quality cameras. Incode is also one of the handful of companies to obtain iBeta liveness certification for its passive liveness solutions that does not require any actions from the user (compared to competitor Facetec that requires a video-selfie of the user).

Key customers and partnerships

In May 2022, Incode entered a strategic partnership with luxury hospitality company Jumeirah Group, operating across the Middle East, Europe, and Asia, to offer personalized services to guests using facial recognition technology. The company also entered similar partnerships later in 2022, with Hoteza (November), Hudini (July), and INTELITY (June) to offer similar services. In November 2022, Incode appointed Malaysian technology company Spectrum Edge as the company’s first Malaysian reseller. 

In August 2023 , Incode Technologies Inc., partnered with Carahsoft Technology Corp., an IT solutions provider in the government sector, to provide identity verification solutions tailored to the needs of the public sector. As per the partnership agreement, Carahsoft aimed to act as the Master Government Aggregator for Incode, enabling its identity verification solutions to be accessible to the public sector through Carahsoft's reseller partners. 

Funding and financial

Incode Technologies raised USD 220 million in series B funding in December 2021, bringing the company's total funding to USD 257.1 million at a valuation of USD 1.25 billion achieving unicorn status. The funds were intended to be used to expand operations and global reach.