Passbase - About the company
Passbase is a series A company based in San Francisco (United States), founded in 2018 by Mathias Klenk, Felix Gerlach and Dave McGibbon. It operates as a Cloud-based identity and document verification solutions. Passbase has raised $17.9M in funding from investors like Seedcamp, Cowboy Ventures and Costanoa Venture. The company has 1095 active competitors, including 213 funded and 129 that have exited. Its top competitors include companies like IDnow, M2P Fintech and Jumio.
Company Details
Passbase is a cloud-based identity and document verification solution. It provides an identity platform backed by verified government documents, linked social media accounts, and biometric signatures. It allows to securely & privately share login credentials and verified government documents with the companies & institutions that need them. Verification SDK is available for iOS and it can be integrated with websites and applications. The verification process includes an authenticity check based on a facial comparison. It can be used to provide service in the field of finance, insurance, P2P marketplace, and automotive.
- Website
- passbase.com
- Email ID
- *****@passbase.com
- Registered Address
- Municipiul Satu Mare, Str. AURORA, Nr. 10, Apartament 12, JudeÈ Satu Mare, Cod poÈtal 3900
Key Metrics
Founded Year
2018
Location
San Francisco, United States
Stage
Series A
Total Funding
$17.9M in 4 rounds
Latest Funding Round
Ranked
91st among 1095 active competitors
Employee Count
2 as on Aug 31, 2026
Legal entities associated with Passbase
Passbase is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
MOLNAR ELENA AF CIN: 6763206 , Romania, Active | - | - | - |
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Passbase's funding and investors
Passbase has raised a total funding of $17.9M over 4 rounds. Its latest funding round was a Series A round on Dec 06, 2021 for $*****. 5 investors participated in its latest round. Passbase has 8 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Passbase:
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Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Dec 06, 2021 | 3826892 | Series A | 5216016 | 9159442 | 3311064 | 6453016 |
Oct 31, 2019 | 4081643 | Seed | 8234976 | 4591087 | 3683120 | |
Mar 15, 2019 | 4332006 | Seed | 6139082 | 9138575 | 9033103 |
View details of Passbase's funding rounds and investors
Passbase's founders and board of directors
Founder? Claim ProfileHere are the details of Passbase's key team members:
- Mathias Klenk: Co-Founder of Passbase and founder of 1 other company. They are also an angel investor in 1 startup.
- Felix Gerlach: Co-Founder of Passbase and founder of 1 other company.
- Dave McGibbon: Co-Founder & COO of Passbase and founder of 1 other company.
View details of Passbase's Founder profiles and Board Members
Passbase's employee count trend
Passbase has 2 employees as of Aug 26. Here is Passbase's employee count trend over the years:
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Passbase's Competitors and alternates
Top competitors of Passbase include IDnow, M2P Fintech and Jumio. Here is the list of Top 10 competitors of Passbase, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of automated and expert-led identity verification and digital trust services | $40M | 75/100 | ||
2nd | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 | |
3rd | Jumio 2010, Sunnyvale (United States), Acquired | Provider of AI-powered identity verification solutions | $201M | 74/100 | |
4th | Provider of digital solutions for KYC, document management, and digital signatures | $11.9M | 72/100 | ||
5th | AI based identity verification and e-Signing solution provider | $13.8M | 72/100 | ||
6th | Provider of a platform for identity verification and risk management | $85.4M | 71/100 | ||
7th | Yoti 2014, London (United Kingdom), Series B | Provider of privacy-focused identity and age solutions | $210M | 71/100 | |
8th | Cloud based KYC and AML management software | $181M | 70/100 | ||
9th | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 70/100 | |
10th | Provider of automated software for corporate identity and compliance verification | $203M | 69/100 | ||
91st | Passbase 2018, San Francisco (United States), Series A | Cloud-based identity and document verification solutions | $17.9M | 51/100 |
Looking for more details on Passbase's competitors? Click here to see the top ones
Passbase's Investments and acquisitions
Passbase has made no investments or acquisitions yet.
Reports related to Passbase
Here is the latest report on Passbase's sector:
News related to Passbase
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Passbase pulls in $13.5mVCJ•Dec 09, 2021•Passbase, Costanoa Venture, Lakestar, Eniac Ventures and 1 other
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UK’s AI-Based Apartment Rental Market Leader Mashroom Selects Passbase To Provide Secure Tenant Onboarding And VerificationAiThority•Jun 07, 2021•Mashroom, Passbase
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trustshare Selects Passbase to Power Escrow Payments With Secure Identity VerificationBusiness PR News•Nov 30, 2020•trustshare, Passbase
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Coalition for App Fairness, a group fighting for app store reforms, adds 20 new partnersTechCrunch+•Oct 22, 2020•Beonex, Breath Ball, Eristica, Cladwell and 16 others
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Appjobs adds Passbase biometric identity and document verification for onboarding, KYCBiometricUpdate.com•Sep 02, 2020•AppJobs, Passbase
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Passbase biometric identity verification chosen by Las Vegas Pride to increase community safetyBiometricUpdate.com•Aug 17, 2020•Passbase
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Linus adds identity verification from Passbase for frictionless biometric onboardingBiometricUpdate.com•May 06, 2020•Linus, Passbase, Linus International Inc
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Boundless and Passbase Unveil the Future of Remote EmploymentHITECH news articles•Apr 29, 2020•Boundless, Passbase
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