Contactable Secures $13.5 Million in Funding

Contactable, a leading Digital Identity Orchestration platform, has successfully secured $13,500,000 in investment capital from investors. This significant funding round underscores investor confidence in Contactable's innovative technology and its substantial market traction within the crucial digital identity verification sector. The Contactable solution is extensively adopted by corporate clients across a wide range of industries, including financial services, automotive, telecommunications, insurance, retail, and real estate sectors. The platform provides essential services such as digital onboarding, electronic Know Your Customer (e-KYC), Self-RICA, and comprehensive identity proofing requirements. Its AI-driven capabilities enable the completion of approximately 200,000 KYC processes each month, with over 90% of these executed programmaticallymeaning no client intervention is requiredin less than 90 seconds. Furthermore, the platform expertly manages 25 to 30 million digital orchestration processes monthly, covering operations that demand biometrics, data management, onboarding workflows, identity verification, and seamless system integrations. The capital raised from this funding round is specifically designated to accelerate Contactable's strategic growth initiatives. The company plans to prudently deploy these funds to further enhance its product development roadmap, focusing on advancing its AI-driven orchestration capabilities and exploring new technological integrations. A key focus will also be on expanding its operational infrastructure and increasing its market penetration across current and new geographic regions to meet the escalating demand for secure and efficient digital identity solutions. This substantial investment positions Contactable to solidify its leadership within the rapidly evolving digital identity space. The company anticipates leveraging this financial backing to scale its global operations, broaden its suite of service offerings, and continue its commitment to innovation, addressing the complex and evolving challenges in digital identity and verification for its diverse corporate clientele.