What Incode Technologies does

Incode Technologies, Inc. is a venture-backed identity verification company founded in 2015 by Ricardo Amper and headquartered in San Francisco, with 600+ employees across nine global offices in the US, Mexico, Colombia, Spain (Madrid and Barcelona), the UK, Serbia, and Israel. The company sells an AI-powered identity verification platform to large enterprises and government agencies, claiming penetration at 8/10 top US banks, 8/9 top US telcos, 3/3 top neobanks, and 4/5 top marketplaces, with named customers including Citi, HSBC, Amazon, TikTok, Chime, Nubank, Scotiabank, AT&T, BetMGM, FanDuel, Equifax, multiple state DMVs, and the US GSA Login.gov.

The core product is the Incode Identity Platform, an orchestration layer with a no-code workflow builder, decisioning/results, fraud analytics, case management, and API/SDK integrations. On top of this sit flagship products: Incode Deepsight (a multi-modal deepfake defense system combining behavioral, device/camera integrity, and perception layers using a Vision Language Model); Workforce / KYE (Know Your Employee); Risk AI Agent (a holistic decisioning layer); and Agentic Identity (a framework for verifying human owners of autonomous AI agents). Underlying technology modules include Facial Recognition, Document Verification, OCR, Liveness Detection (the first vendor to pass iBeta Level 1 in 2019, Level 2 in 2022/2023, and Level 3 on both iOS and Android in 2026), Deepfake Detection, Network / Cross-Account Graph Intelligence, and Face Age Estimation. The platform processes 4.1B+ identity checks annually against a base of 400M+ identity profiles, and Deepsight has been independently validated by Purdue University as the most accurate commercial deepfake detector.

Incode generates revenue primarily through subscription and usage-based SaaS contracts (per-verification pricing aligned with industry norms of approximately $0.93–$1.35 per verification), supplemented by high-margin technology licensing (e.g., exclusive Canadian rights granted to Interac) and large multi-year managed-services contracts such as the $37.4M Login.gov subcontract. The go-to-market combines direct enterprise field sales, a developer self-serve API/SDK hub, strategic channel and OEM partnerships (Interac, Bitso, Equifax, Experian, Banco Dondé, Motorway, Prove), and a federal subcontractor relationship via Diamond Capture Associates. Distribution is global, with vertical-specific GTM across financial services, telecommunications, public sector, healthcare, online gaming/gambling, e-commerce/marketplaces, social media, and age-restricted platforms. The company has raised approximately $257M in disclosed venture funding through a Series B led by General Atlantic and SoftBank at a $1.25B unicorn valuation in December 2021, and as of November 2025 was reported in preliminary talks to raise $150M–$300M at a valuation of up to $3B.

Name

Incode Technologies

Legal name

Incode Technologies, Inc.

Website

https://incode.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Incode Technologies is a San Francisco-based AI identity verification company serving global banks, telecoms, neobanks, marketplaces, and government agencies. Its platform delivers biometric, document, deepfake, and agent-identity verification across 4.1B+ annual checks via APIs, SDKs, and strategic channel partnerships.

Ownership category

akta.pro rank

Product category

Identity Verification Software

NAICS

Computer Systems Design Services (541512)

SIC

Services-Computer Programming Services (7371)

akta.pro primary industry

Multi-Factor Authentication (MFA) & Passwordless Authentication (HDAEAJAC)

Keywords

• Identity verification
• Biometric authentication
• Deepfake detection
• KYC compliance
• Fraud prevention

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Enterprise Identity Verification SaaS: Primary revenue stream delivered as subscription/usage-based SaaS to large enterprises and public sector. Customers access the Incode Identity Platform via APIs and SDKs, with pricing typically per verification (per industry buyer guides, IDV pricing ranges approximately $0.93-$1.35 per verification). Land-and-expand model targeting 8/10 top US banks, 8/9 top US telcos, 3/3 top neobanks, and 4/5 top marketplaces.
2. Usage-based Verification Pricing: Per-verification consumption pricing for identity checks, with enterprise contracts (e.g., Interac exclusive Canadian rights for document verification, Login.gov $37.4M subcontract) representing a managed services revenue layer on top of platform subscriptions.
3. Licensing and Channel Revenue: Technology licensing to strategic partners with regional exclusivity (e.g., Interac exclusive Canadian rights to Incode document verification technology). Provides high-margin licensing income alongside platform subscriptions.

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels9 records

Core offering

Incode Technologies operates an AI-powered identity verification platform that combines facial recognition, document verification, OCR, passive liveness detection, deepfake defense (Deepsight), cross-account graph intelligence, and an orchestration/workflow layer. The platform is delivered as enterprise SaaS via APIs and SDKs to financial institutions, telecommunications operators, marketplaces, online gaming operators, public sector agencies, and other regulated enterprises. It is sold primarily on a usage-based per-verification model with multi-year enterprise contracts, augmented by technology licensing to strategic partners.

Product overview

Incode Technologies operates a platform-plus-modules architecture centered on the Incode Identity Platform (an orchestration layer with Workflow Builder, Decisioning & Results, Fraud Analytics, Case Management, and Platform Integrations) and a flagship AI defense system called Incode Deepsight that detects deepfakes, injection attacks, and AI-generated documents across behavioral, integrity (device/camera), and perception layers. The platform exposes technology modules (Facial Recognition, Document Verification, OCR, Deepfake Detection, Liveness Detection, Network graph intelligence) and packaged products (Workforce/KYE, Risk AI Agent, Agentic Identity) and supports use cases such as Identity Verification, KYC/AML, KYB, Age Verification, eKYC, Candidate Verification, and Digital ID Verification. The Deepsight suite was extended in April 2026 with Deepsight for Documents, a Vision Language Model-based detection layer for synthetic identity documents. Together, these products are offered to financial services, public sector, healthcare, gaming, e-commerce, and social media customers worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Deepsight: AI-based deepfake detection and anti-fraud product, including Deepsight for Documents; positioned as the world's most accurate deepfake defense system.
• Workforce (KYE)
• Risk AI Agent
• Agentic Identity

Products and services

• Incode Identity Platform Core orchestration platform that composes end-to-end identity verification and compliance flows, exposing APIs and SDKs for onboarding, document verification, biometric checks, liveness detection, deepfake detection, KYC/AML, and decisioning; sold to enterprise and public sector customers globally.
• Incode Deepsight Multi-layered deepfake defense and fraud detection product that blocks deepfakes, AI-driven impersonation, synthetic document fraud, camera injections, and device tampering across behavioral, integrity, and perception layers; validated by Purdue University and iBeta Level 3.
• Workforce (KYE) Know Your Employee product for verifying internal employee identity, helpdesk password/MFA resets, and candidate verification using identity checks and liveness detection; targeted at enterprise HR, IT helpdesk, and hiring workflows.
• Risk AI Agent Holistic decisioning product that weighs identity, behavioral, and contextual signals and continuously adapts to fraud and conversion patterns across identity verification sessions.
• Agentic Identity Identity verification framework for autonomous AI agents, providing verified owner identity binding, agent detection and classification, scoped consent, tokenization with audit trail, and integrations with MCP and other agentic protocols.

Quantifiable outcome

• 0% APCER and 0% BPCER in iBeta Level 3 PAD testing on iOS and Android (first vendor globally)
• +8 more outcomes

Named customers29 records

Segments8 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability12 records

Feature7 records

Partnerships

14 partnerships are on record, tiered flagship, core and minor.

• BitsoflagshipStrategic or Co-development Partner · 18 June 2026Bitso partnered with Incode to deploy identity infrastructure across Latin America. Driven by automated fraud threats that grew from 3% to 40% of detected fraud attempts over the past year.
• Interac Corp.flagshipOEM/ Whitelabel/ Licensing Partner · 25 May 2026Interac partnered with Incode to enhance Interac Verified identity verification with iBeta Level 3-validated liveness detection, deepfake detection, and injection-attack detection. Interac holds exclusive Canadian rights to deliver document verification using Incode's technology. Phased rollout beginning Q3 2026.
• MotorwaycoreTechnology or Integration · 4 February 2026Motorway, a used car marketplace, launched an AI-powered seller verification system developed in partnership with Incode. Verifies V5C registration, driving licences, finance settlement letters, and real-time facial image capture. Initial seller segment rollout targeting over 95% of sales by end of Q1 2026.
• Diamond Capture AssociatescoreChannel Partner/ Reseller/ Distributor · 16 December 2025Diamond Capture Associates and subcontractor Incode Technologies received a $37.4 million contract from the U.S. General Services Administration to support Login.gov's Next Generation Identity Proofing initiative, improving digital identity verification and fraud reduction in government services.
• ProvecoreStrategic or Co-development Partner · 29 October 2025Incode and Prove launched new identity verification solutions, Agentic Identity (Incode) and Verified Agent (Prove), to establish persistent cryptographically secure identities for AI agents in agentic commerce and autonomous interactions.
• Banco DondécoreTechnology or Integration · 27 August 2025Incode partnered with Banco Dondé, a Mexican banking institution focused on financial inclusion, to provide AI-powered identity verification for digital onboarding. Customers can open accounts remotely via mobile in minutes, replacing in-person biometric verification and expanding to underserved communities nationwide. Supports Banco Dondé's goal to serve over 1.2 million clients annually.
• MetaMapflagshipStrategic or Co-development Partner · 11 June 2024Incode Technologies acquired MetaMap, a Silicon Valley-based identity verification company, to enhance digital identity solutions and expand the trust network across North America, Latin America, and Africa, addressing AI-enabled fraud.
• EquifaxflagshipOEM/ Whitelabel/ Licensing PartnerEquifax partnered with Incode to integrate biometric identity verification and document authentication into the Equifax Ascend Platform. Equifax's Marika Vilen (SVP Global Partnerships) is quoted publicly endorsing the integration.
• SkokkacoreTechnology or IntegrationSkokka, an international classified platform operating in 29 countries including India, integrated Incode for AI-driven identity verification requiring an estimated minimum age of 23 for adult content access with 99.8% confidence. Skokka also uses Thorn Safer and engages UK Ofcom and Italy AGCOM on age verification protocols.
• AuthenticIDflagshipStrategic or Co-development PartnerIncode completed its second acquisition with AuthenticID as part of its 2024 growth strategy (referenced on Incode Careers / Our Story timeline).
• SocialProof SecuritycoreImplementation/ SI/ Consulting PartnerIncode engaged SocialProof Security as an external adversarial research firm to conduct penetration testing on its identity verification flows. Across 13 distinct attack types (hardware and software video injection, deepfakes of real and synthetic identities, replay attacks, emulators, rooted devices, AI-generated identity documents) zero bypasses were achieved on Incode's mobile verification flows.
• Purdue University Machine Learning LabcoreImplementation/ SI/ Consulting PartnerPurdue University Machine Learning Lab (Shu Hu, Assistant Professor & Director) independently validated Incode Deepsight as the most accurate deepfake detector. In-house testing against 1,350+ deepfakes showed Deepsight achieved 68x better false-positive rate than next-best commercial technology and 2.5x lower false-acceptance rate across all deepfake samples.
• Michigan State UniversityminorImplementation/ SI/ Consulting PartnerIn 2023, Michigan State University's Mobile Face Spoofing Database (MSU-MFSD) evaluated Incode's liveness technology, achieving 0% false positive rate and 0% false negative rate.
• Georgia Department of Driver ServicescoreImplementation/ SI/ Consulting PartnerIn 2024, the Georgia Department of Driver's Services performed independent testing of Incode's liveness detection according to iBeta Level 2 protocols, achieving 0 false positives and 0 false negatives.

Scale indicators12 records

Recent moves6 records

Expansion highlights8 records

Direct peers

• Onfido (Entrust): Onfido, now part of Entrust, competes head-to-head in AI-driven document and biometric IDV, KYC/AML, and orchestration workflows for financial services and online platforms; it is one of the most direct functional and go-to-market analogs to Incode.
• Socure: Socure provides AI-driven digital identity verification and fraud risk scoring for financial services, fintechs, and government agencies, competing directly with Incode on KYC, AML, and onboarding accuracy benchmarks among U.S. banks and neobanks.
• iProov: iProov specializes in biometric facial authentication and liveness detection for governments and financial institutions, including iBeta-certified passive liveness; it overlaps directly with Incode's liveness detection, deepfake defense, and government identity proofing offerings.
• Trulioo: Trulioo is a global identity verification and business verification (KYB) platform with a GlobalGateway data network used by banks, fintechs, and marketplaces for KYC/AML; it competes most directly with Incode's international onboarding flows and coverage breadth.
• ID.me: ID.me is a direct peer in identity verification and login.gov-style government identity proofing, with strong U.S. federal and state credentials and a focus on KYC and group affiliation verification that overlaps significantly with Incode's public sector and financial services business.
• Jumio: Jumio is a direct IDV competitor offering AI-powered identity verification, biometric authentication, KYC/AML compliance, and deepfake defense to banks, fintechs, and online platforms globally, with very similar customer segments and enterprise pricing models to Incode.
• Daon: Daon is an identity verification and biometric authentication platform with deep financial services and public sector deployments; it competes with Incode on KYC, AML, step-up authentication, and government identity programs.
• Mitek Systems: Mitek provides mobile capture, document verification, biometric authentication, and identity fraud detection used by banks, fintechs, and enterprises; it is a long-standing direct peer to Incode's document verification and onboarding flows.
• Veriff: Veriff is a direct IDV competitor offering document, biometric, and liveness checks with a strong European presence, overlapping with Incode on financial services, mobility, marketplaces, and online gaming customer segments.
• Persona: Persona offers an identity verification orchestration platform with document, biometric, and database checks plus KYC/AML; it competes most directly with Incode's mid-market and enterprise flows and uses a similar API-first, configurable-workflow approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/IncodeIdentity
• Facebookfacebook.com/incodetechnologies
• LinkedInlinkedin.com/company/incode-technologies

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 records

Funding overview

Funding rounds4 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Incode Technologies