Diro Labs
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
$200k | Angel | ||
$200k | Angel | ||
N/A | $450k | Seed | |
N/A | $150k | Seed | |
N/A | N/A | Seed | |
N/A | - | ||
* | N/A | Early VC | |
* | N/A | - | |
Total Funding | CAD1.4m |
Recent News about Diro Labs
EditDIRO.io operates as a pioneering open banking platform that provides real-time verification of user identities, financial history, and documents from trusted sources such as banks, utilities, and government entities. The company serves a diverse range of clients including financial institutions, crypto custodians, exchanges, and wallets, aiming to enhance trust and security in online transactions. DIRO's market spans globally, covering 195 countries and 44,000 banks, making it a significant player in the financial technology sector.
The business model revolves around offering a plug-and-play API that integrates seamlessly with clients' existing systems, enabling instant verification processes. This not only increases conversion rates but also reduces customer drop-off due to inefficient onboarding processes. DIRO makes money by charging for access to its verification services, which are essential for compliance with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
DIRO's patented technology stands out by being the only solution capable of verifying international bank data in real-time, thus creating a new trust layer for the internet. The company’s mission is to become the leading source for verifiable credentials, and its vision is to create a new trust layer for the internet.
Keywords: Open banking, real-time verification, global coverage, financial history, user identities, trusted sources, API integration, KYC compliance, AML regulations, fintech.