Accredify
Accredify is a Singapore-based digital trust SaaS provider that enables organisations in education, healthcare, and government to issue and verify tamper-proof, blockchain-based digital credentials via its Nexus platform and multi-standard API integrations.
- Company typePrivate
- Founded2019
- HeadquartersSingapore, Singapore
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Accredify does
Accredify Pte. Ltd., founded in July 2019 and headquartered in Singapore, is a digital trust SaaS provider that builds blockchain-based verifiable credential infrastructure for organisations issuing tamper-proof documents. Its platform, marketed under the Nexus product umbrella, supports document generation, verification (via QR code or drag-and-drop portal), lifecycle management (with scheduled reminders and revocation), and AI-assisted analytics, and is delivered through an API-first architecture that integrates with enterprise systems such as SAP SuccessFactors, student management systems, and LMS platforms. The platform conforms to multiple international credential standards including W3C Verifiable Credentials, OpenCerts, OpenBadges, SMART Health Card, EBSI, mDL, and OpenAttestation, enabling cross-border interoperability. Complementary products include Accredify Passport (an individual digital identity wallet, formerly Digital Education Passport) and Accredify Nucleus (online company folders for centralised document storage).
The company generates revenue primarily through annual SaaS subscriptions priced via quote-based enterprise contracts, supplemented by API and integration services and professional services for large-scale government and enterprise deployments. Its go-to-market is enterprise field sales targeting governments, large institutions, and corporations in trust-critical sectors — education, healthcare, public sector, and travel — with channel distribution through AWS Marketplace, SAP Store, and a regional partner ecosystem spanning China, India, the Philippines, Indonesia, Malaysia, Singapore, and Australia. Named customers include SMU Academy, SIM Global Education, National University of Singapore, SkillsFuture Singapore, the Accounting and Corporate Regulatory Authority (ACRA), National Healthcare Group, Parkway Pantai, Singapore Airlines, and NSW Department of Planning and Environment; the platform has issued over 10 million verifiable credentials and processed more than 12 million verifications to date.
Accredify has raised approximately US$9 million in disclosed funding across a March 2020 seed, an April 2021 bridging round, a US$7 million Series A led by iGlobe Partners and SIG Venture Capital in April 2023, and a strategic investment from Okta Ventures in March 2024. It is led by co-founder and CEO Quah Zheng Wei alongside co-founders Shaun Cheetham (Chief Information Officer), Edmund Chew (Chief Risk Officer), and Derrick Lee (Chief Technology Officer). The company has expanded internationally with a Sydney office opened in May 2022 and operates a flagship Singapore-Shenzhen Cross-Border Data Validation Platform launched in January 2026 in partnership with WeBank.
Accredify firmographics
Firmographics- Name
- Accredify
- Legal name
- Accredify Pte. Ltd.
- Website
- https://accredify.io
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Accredify is a Singapore-based digital trust SaaS provider that enables organisations in education, healthcare, and government to issue and verify tamper-proof, blockchain-based digital credentials via its Nexus platform and multi-standard API integrations.
- Ownership category
- akta.pro rank
Accredify industry classification
Industry- Product category
- Digital Trust and Verifiable Credentials Platform
- NAICS
- Software Publishers (513210), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Verifiable Credentials & Attestations (VC issuance/verification, credential registries) (FSAPACAH)
- akta.pro secondary industries
- Credentialing, Digital Badges & Micro-Credential Platforms (EDAFADAF), Decentralized Identity & Verifiable Credentials for Finance (DID/KYC Reuse) (FSAGAMAE), Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)
Keywords
Where Accredify is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices2 records
Markets served
Accredify business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
Revenue model
- SaaS Platform Subscription: Accredify operates primarily as a SaaS (Software-as-a-Service) platform where organizations pay subscription fees to access the verifiable credentials platform. The subscription model provides organizations with the ability to create, issue, verify, and manage digital credentials. Pricing is typically enterprise-level with tiered plans based on volume and features. The platform supports integration with existing systems like LMS and SMS, enabling automation of credential workflows.
- API and Integration Services: Revenue generated through API integrations with enterprise systems such as SAP SuccessFactors, student management systems, and other enterprise software. Organizations pay for integration implementation and ongoing API access.
- Enterprise Implementation and Professional Services: Implementation services for large enterprise and government deployments, including system integration, customization, and ongoing support services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise pricing with custom quotes based on organizational requirements and credential volume. |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels7 records
Accredify product offering
Product offeringCore offering
Accredify provides a blockchain-based digital trust SaaS platform (Nexus) that enables organizations to create, issue, verify, and manage tamper-proof digital documents and verifiable credentials. The platform supports multiple international standards including W3C Verifiable Credentials, OpenCerts, OpenBadges, SMART Health Card, EBSI, and mDL, and is delivered via API integration with enterprise systems like SAP SuccessFactors, LMS, and student management systems.
Product overview
Accredify offers a unified digital trust SaaS platform (Nexus) with modular capabilities including Document Generation, Document Verification, Document Management, and Analytics. The core ecosystem includes Accredify Passport (digital identity wallet) and Accredify Nucleus (company folders). The platform supports multiple international credential standards including W3C, OpenCerts, OpenBadges, SMART Health Card, mDL, EBSI, and OpenAttestation. Cred credentials are blockchain-based, tamper-proof, instantly verifiable, and compatible with digital wallets. Solutions are deployed across education, healthcare, public sector, maritime, and aviation industries.
Differentiator
Problem solved
Functional benefit
Brands
- Nexus: Enterprise-grade digital trust SaaS platform for creating, managing, and issuing verifiable credentials.
- Accredify Passport
- Accredify Nucleus
Products and services
- Nexus Accredify's enterprise-grade digital trust SaaS platform enabling organisations to create, manage, and issue verifiable credentials at scale. Supports document lifecycle management, automated workflows, and API integration with existing systems such as LMS, SMS, and SAP SuccessFactors.
- Accredify Passport Digital identity wallet (formerly Recipient's Dashboard and Digital Education Passport) allowing individuals to securely store, access, and share their verifiable credentials. Supports sharing via social platforms, messaging apps, email, direct links, and QR codes with selective data sharing and access expiry settings.
- Accredify Nucleus Platform tool enabling creation of dedicated Online Company Folders—secure and centralised spaces where all issued documents are stored and accessible 24/7. Empowers clients to share verifiable records with authorities and stakeholders.
- Singapore-Shenzhen Cross-Border Data Validation Platform First digital infrastructure linking China and Singapore for cross-border data validation. Built on FISCO BCOS blockchain, enables user-initiated data transmission and hash verification for cross-border financial services without transmitting or storing original data. Future phases will expand beyond financial services.
- Document Generation Service for creating verifiable, tamper-proof, privacy-preserving digital documents and automating issuance to recipients.
- Document Verification Instant authentication service where verifiable documents can be authenticated via QR code scan or drag-and-drop online verifier portal.
- Document Management End-to-end digital document lifecycle management dashboard including scheduled reminders, revocation capabilities, and comprehensive document lifecycle oversight.
- Analytics AI and ML-powered solution for extracting actionable strategic insights from credential issuance, verification, and sharing data to inform business decisions.
Quantifiable outcome
- Platform has issued over 10 million verifiable credentials and processed over 12 million verifications
- +4 more outcomes
Companies that use Accredify
Customer profileNamed customers13 records
Segments6 records
Ideal customer profiles5 records
Accredify technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability3 records
Feature6 records
Accredify partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered strategic, minor and core.
- WeBankstrategicWeBank, China's first digital bank, provides overall architecture design and technical support for the Singapore-Shenzhen Cross-Border Data Validation Platform. Built on FISCO BCOS blockchain technology.
- China (Qianhai) Internet ExchangestrategicStrategic partnership for operating the Shenzhen side of the Singapore-Shenzhen Cross-Border Data Validation Platform. Platform enables cross-border data validation using cryptographic hash verification for financial services.
- IPST/BFH (Institute for Public Sector Transformation, Bern University of Applied Sciences)minorSwitzerland pilot demonstrating digital credentials implementation on E-ID trust infrastructure. Accredify acted as issuer for continuing education certificates.
- FSRS (Fender & Spill Response Services)strategicPartnership to launch Digitally Stamped Hose Testing Reports - first-of-its-kind implementation of verifiable technology in the maritime sector. Uses Accredify's Nexus platform for tamper-proof maintenance documentation.
- SEEK PassstrategicPartnership to enhance verified hiring on global job marketplaces. Integrates Accredify's verifiable credentials with SEEK Pass for employment verification.
- Asia Pacific Digital Identity ConsortiumstrategicAccredify joins consortium to shape the future of digital trust and identities in the APJ (Asia Pacific Japan) region.
- Thalassa ConsultingminorPartnership with Thalassa Consulting to assist NSW Department of Planning and Environment with government sector digital trust solutions.
- Becton Dickinson (BD)minorIntegration to issue verifiable COVID-19 medical records, connecting BD's medical technology with Accredify's verifiable credential platform.
- SAP SuccessFactorscoreIntegration with SAP SuccessFactors to assist companies in employee COVID-19 health verification. Also enables broader HR and credential verification integration.
- BreathonixminorPartnership to issue verifiable test results for 60-second COVID-19 rapid breath test, expanding digital health credential capabilities.
- TU DelftminorCollaboration to trial issue and verification of tamper-proof, digital academic certificates through Ethereum blockchain for international education credentials.
- BeepminorPartnership to streamline COVID-19 testing through vending machines, integrating Accredify's verification with Beep's testing kiosk network.
- VFS GlobalstrategicStrategic partnership in digital health credentials for seamless and safe cross-border travel. VFS Global uses Accredify's validated Digital Health Credential Certificate solution for Singapore-bound travelers from Indonesia.
- ACKTECminorPartnership to authenticate accredited courses on the ACKTEC learning platform using Accredify's verifiable credentials.
- IBMstrategicIntegrated IBM Digital Health Pass and Accredify's Digital Health Passport solution designed to help enable safe travel and help economies return to work.
- SGInnovateminorSGInnovate venture building project leveraging blockchain technology for personal COVID-19 medical records with Accredify.
- Gems OriginminorBlockchain partnership for jewelry industry - gemstone authentication and provenance verification using Accredify's verifiable credentials technology.
- Mars Safety InternationalminorDigital trust pilot to eliminate counterfeit marine safety equipment, demonstrating digital trust capabilities in maritime safety.
Scale indicators11 records
Recent moves8 records
Expansion highlights6 records
Accredify competitors and assessment
Company assessmentDirect peers
- Affinidi: Singapore-headquartered verifiable credentials and decentralized identity platform built on W3C standards. Closest geographic and product peer to Accredify, targeting education, healthcare and government use cases across APAC.
- Indicio: Open-source verifiable credentials platform offering issuance, verification and decentralized identity infrastructure. Competes with Accredify in government, travel and education credentialing pilots globally.
- Dock Labs: Verifiable credentials and digital wallet API provider supporting W3C VC standards. Directly comparable to Accredify Nexus in offering credential issuance and verification APIs to enterprises.
- Trinsic: Developer-first verifiable credentials platform with wallet and verifier APIs. Competes with Accredify for enterprise credential issuance, particularly in education, workforce and membership use cases.
- Gataca: Decentralized identity and verifiable credentials provider based in Spain, focused on European eIDAS-aligned deployments. Comparable to Accredify in offering W3C VC issuance with regulator-grade compliance posture.
Broad incumbents
- Microsoft Entra Verified ID: Microsoft's enterprise decentralized identity product, part of the Entra identity suite. Broad incumbent offering verifiable credentials within a much larger IAM portfolio, including a wallet app for holders.
- IBM Verify Credentials: IBM's verifiable credentials offering, already integrated with Accredify via the 2021 Digital Health Pass partnership. Incumbent competitor providing credentials within IBM's broader security and identity portfolio.
Others
- ID2020 / Learning Machine (Blockcerts): Open-source Blockcerts standard for blockchain-anchored academic credentials. Comparable to the OpenCerts / OpenBadges standards Accredify supports, and a potential open-source alternative path for universities.
Regional players
- OpenCerts (GovTech Singapore): Singapore government open-source framework for issuing and verifying tamper-proof academic certificates on blockchain. Accredify is an authorized private issuer on OpenCerts; the underlying framework is a regional alternative that competes on price.
Emerging players
- 1Kosmos BlockID: Workforce and citizen identity platform with verifiable credential capabilities for KYC, education and employment verification. Emerging player overlapping with Accredify's HR/corporate and government credentialing use cases.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Accredify social profiles
Digital presenceAccredify compliance and trust
Trust signalCompliance6 records
Accredify financial estimates
Financial estimateRevenue estimate
Valuation estimate
Accredify leadership team
Management profileNumber of profiles
Profiles5 records
Accredify funding detail
Funding detailFunding overview
Funding rounds5 records
Investors9 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Accredify M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Accredify
What does Accredify do?
Accredify provides a blockchain-based digital trust SaaS platform (Nexus) that enables organizations to create, issue, verify, and manage tamper-proof digital documents and verifiable credentials. The platform supports multiple international standards including W3C Verifiable Credentials, OpenCerts, OpenBadges, SMART Health Card, EBSI, and mDL, and is delivered via API integration with enterprise systems like SAP SuccessFactors, LMS, and student management systems.
Is Accredify a public or private company?
Accredify is a private company. It is classified as venture growth investor backed and is currently operating.
When was Accredify founded?
Accredify was founded in 2019. It employs 11 to 50 people.
Where is Accredify based?
Accredify is headquartered in Singapore, Singapore, in the Asia region.
How does Accredify make money?
Three revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are API and Integration Services and enterprise Implementation and Professional Services.
Who are Accredify's main competitors?
Direct peers on record are Affinidi, Indicio, Dock Labs, Trinsic and Gataca. Broad incumbents are Microsoft Entra Verified ID and IBM Verify Credentials. ID2020 / Learning Machine (Blockcerts) is listed as an others. OpenCerts (GovTech Singapore) is listed as a regional player. 1Kosmos BlockID is listed as an emerging player.
Does Accredify have an API?
Yes. Accredify offers API integration capabilities allowing organisations to integrate with legacy systems such as LMS and SMS. The platform provides automation for credential creation, issuance, management, and verification workflows. Integration enables data transmission directly to Accredify's solution for automatic certificate generation, approval, signing, and distribution.
What industry is Accredify in?
Accredify's product category is Digital Trust and Verifiable Credentials Platform. Its primary akta.pro industry code is FSAPACAH, Verifiable Credentials & Attestations (VC issuance/verification, credential registries), with a secondary code of EDAFADAF, Credentialing, Digital Badges & Micro-Credential Platforms. Its NAICS code is 513210 and its SIC code is 7372.