Meeco

What Meeco does

Meeco is an Australian-headquartered provider of verifiable credential and decentralized identity infrastructure, founded in 2012 and operating through Meeco Planet Pty Ltd (Australian parent) with operating subsidiaries in Belgium (Meeco Groep NV) and the United Kingdom (Meeco Group Ltd). The company's flagship product is the Secure Value Exchange (SVX) platform, an API-first, multi-tenant credential infrastructure covering the full credential lifecycle — issue, present, verify, and revoke — with selective disclosure, scheme governance, RBAC, and audit trails. SVX is built on approximately 150 open standards including W3C Verifiable Credentials, OpenID4VC, ISO 18013-5, ETSI, IETF, and Kantara Initiative specifications, and uses a Zero Knowledge Value architecture with AES-256-GCM per-user encryption and RSA-4096 key management. Supporting products include the Meeco Wallet (iOS/Android), the Digital Vault for end-to-end encrypted personal data storage, modular Issuer/Verifier/Wallet Provider components, Trustury (token visualisation on Hedera), and mIKs-it (a multimedia platform for children aged 0–7).

Meeco's commercial focus is governments, banks, and large enterprises that need compliant digital identity infrastructure under eIDAS 2.0 in Europe and the UK Digital Verification Service regime, with secondary expansion into healthcare, education, travel/hospitality, and ESG-token workflows. Named customers and partners include the Queensland Department of Transport and Main Roads, KBC Bank (Belgium), connectID/eftpos, Nexia Wealth, Powertech, Dai Nippon Printing (Japan), and VELA Solutions. A strategic DNP partnership announced August 2024 targets cumulative DNP sales of ¥3.5 billion across five Japanese verticals by FY2029. The business model combines annual enterprise platform licensing (subscription), API/SDK usage-based billing, wallet infrastructure licensing, and managed service revenue, distributed through enterprise field sales, developer self-serve via a sandbox portal, and app-store distribution.

Meeco has raised approximately $12.3 million across disclosed funding rounds from 2014 to 2019, including a $6.46M SVX Group round in November 2019. Headcount sits in the 11–50 range, with a product team of approximately 15. The company maintains ISO 27001:2022 certification, UK ICO Data Protection registration, GDPR and CCPA compliance attestations, and has earned six consecutive MyData Operator Awards (2020–2025), positioning itself as a standards-driven, compliance-led player in the verifiable credentials market estimated at $16.1 billion TAM between 2023 and 2026.

Name

Meeco

Legal name

Meeco Planet Pty Ltd

Website

https://meeco.me

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Meeco provides verifiable credential and decentralized identity infrastructure through its Secure Value Exchange (SVX) platform. It serves governments, banks, and large enterprises requiring compliant digital identity solutions built on open standards.

Ownership category

akta.pro rank

Product category

Digital Identity Infrastructure

NAICS

Computer Systems Design and Related Services (54151), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Integrated Systems Design (7373), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Single Sign-On (SSO) & Federation (SAML/OIDC, Identity Providers) (HDAEAJAB)

akta.pro secondary industries

Confidential Computing & Hardware-backed Protection (TEE/HSM) (HDADAFAJ), User Lifecycle Provisioning & SCIM Automation (HDAEAJAK)

Keywords

• Verifiable credentials infrastructure
• Decentralized identity platform
• Personal data management
• Digital wallet solutions
• Credential lifecycle management

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices6 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. SVX Platform Licensing: Enterprise licensing of Secure Value Exchange platform for organisations requiring digital credential infrastructure. Platform deployed via cloud (AWS/Azure), on-premise, or managed service models.
2. API and SDK Access: Developer portal providing APIs and SDKs for building applications on Meeco infrastructure. Supports proof-of-concepts through to scaled solutions with transaction-based usage.
3. Digital Vault Services: Standalone or integrated secure storage services for organisations including mobile banking and eCommerce. Can be embedded in apps or wired into back-end services.
4. Wallet Infrastructure: Wallet functionality provided to enterprises and governments looking to add credential storage capabilities to existing web and mobile applications.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

Meeco builds and licenses the Secure Value Exchange (SVX) enterprise platform that handles verifiable credential issuance, presentation, and verification, plus the Digital Vault for end-to-end encrypted personal data storage. Built on approximately 150 open standards (OpenID, W3C, IETF, ETSI, ISO), the SVX platform is deployable on AWS/Azure, on-premise, or as managed service for governments, banks, and large enterprises requiring eIDAS 2.0 and UK DVS-compliant digital identity infrastructure.

Product overview

Meeco offers a platform-plus-modules architecture anchored by the Secure Value Exchange (SVX) platform. SVX provides credential infrastructure covering the full credential lifecycle (issue, present, verify, revoke) through modular components: Issuer for credential issuance, Verifier for validation, Wallet Provider for storage/sharing functionality, and Scheme Owner for ecosystem governance. The Digital Vault provides end-to-end encrypted secure storage. Supporting products include the Meeco Wallet (iOS/Android) for decentralised identity and verifiable credentials, Meeco Data Vault for personal data management, Meeco for Developers portal, MeCast social broadcast service, Meeco Bookmarks and Browser browser extensions, mIKs-it multimedia platform for children, Trustury token visualisation tool, and Insights analytics. All products are built on Privacy-by-Design and Security-by-Design principles with GDPR compliance.

Differentiator

Problem solved

Functional benefit

Brands

• Secure Value Exchange (SVX): Core platform for secure data sharing and digital identity management
• Meeco Digital Vault
• Meeco Wallet
• mIKs-it

Products and services

• Secure Value Exchange (SVX) Enterprise platform providing credential infrastructure for the trusted web, handling issuance, verification, and wallet infrastructure built on open standards and designed for regulatory compliance. Covers the full credential lifecycle including issue, present, verify, revoke, selective disclosure, credential templates, PKI management, multi-tenancy with data segregation, RBAC, audit trails, and enterprise IAM/SSO/IDP integration.
• Digital Vault Secure storage with end-to-end encrypted sharing built on Zero Knowledge Value architecture, providing privacy and control with unique keys managed by the vault owner, secure exchange of stored items, delegation capabilities, and unique UUIDs to guard against correlation. ISO 27001 accredited, built to meet GDPR, and accessible via web, iOS, and Android. Enables users to aggregate, curate, store and manage personal data.
• Meeco Wallet Decentralised identity, verifiable credentials, and payments wallet available for iOS and Android mobile platforms, built on Hedera Hashgraph distributed ledger. Supports secure credential storage, sharing, and control for end users.
• Trustury Open-source visualisation interface built on Hedera with HBAR Foundation support, providing token trust chain visualisation within the Hedera ecosystem and supporting ESG workflows and regulatory compliance with GDPR, CDR, and CCPA through data minimisation and selective disclosure of attributes by token holders.
• mIKs-it Multimedia platform designed for children aged 0-7 years with a companion app for guardians featuring parental controls, developed in partnership with Heder VZW. Provides secure access to photos, video, audio, and games without ads, tracking, or data mining, combining Heder's educational expertise with Meeco's secure vault technology.
• Meeco for Developers Developer portal providing access to APIs, services, and documentation for building Powered by Meeco applications and services, with sandbox environment and PoC-in-a-Box for rapid evaluation of verifiable credential use cases.

Quantifiable outcome

• Onboarding time reduced from 3 days to 30 minutes in workplace credential pilot
• +4 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

13 partnerships are on record, tiered core and minor.

• OpenID FoundationcoreStrategic or Co-development Partner · 6 February 2025Active contributor to OpenID Foundation standards. Meeco participated in interoperability events demonstrating 98% passing rate for Verifiable Presentations and 82% for Credential Issuance. Selected vendor for conformance testing programme launching February 2026.
• DNP (Dai Nippon Printing Co., Ltd.)coreStrategic or Co-development Partner · 28 August 2024Strategic partnership for technology transfer and international verification experiments. DNP launched decentralized ID management platform in August 2024 using Meeco technology, targeting cumulative sales of 3.5 billion yen across finance, communications, travel, automobile, and education sectors by FY2029.
• IndiciominorStrategic or Co-development Partner · 28 August 2024Partnership for educational programs supporting the decentralized identity ecosystem and Meeco technology deployment.
• connectID / eftposcoreTechnology or IntegrationBroker service securely transferring identity attributes from Queensland TMR to Meeco's SVX platform. Enabling verifiable credential generation and real-time sharing between employees and employers.
• Queensland Department of Transport and Main RoadscoreTechnology or IntegrationProvided core identity attributes for workplace credential pilot programme. Credentials sourced from government identity system and delivered through connectID network to Meeco platform.
• Hedera HashgraphcoreTechnology or IntegrationPartnership since early 2020 to develop multi-purpose wallet supporting decentralized identity, verified credentials, micropayments and tokens. Distributed ledger for credential registration. Trustury built on Hedera Guardian platform.
• TrusturyminorStrategic or Co-development PartnerJoint venture to develop Trustury - open-source interface for Hedera Guardian ecosystem providing token trust chain visualisation, ESG auditor dashboard, and GDPR/CCPA compliance through data minimisation.
• Envision, DOVU, TYMLEZminorStrategic or Co-development PartnerESG market service providers partnering on Trustury development for tokenisation of data and assets.
• KBC Bank (Belgium)coreTechnology or IntegrationImplemented Privacy-by-Design digital vault guaranteeing customers complete privacy and control. Built using Meeco's secure storage technology with encryption protecting against unauthorised access.
• VELA SolutionsminorStrategic or Co-development PartnerPartnership for issuing professional health development credentials. Pilot programme demonstrated verifiable credentials for workforce credentialing.
• Heder VZW (Belgium)minorStrategic or Co-development PartnerKidTech partnership to co-develop mIKs-it - safe multimedia platform for kids (ages 0-7). Combines Heder's educational expertise with Meeco's secure vault technology. Family platform with media app for kids and admin app for guardians.
• TrendwolvesminorStrategic or Co-development PartnerDesign research partner validating mIKs-it platform design, usability, and kid experience through series of research studies led by KidTech expert Maarten Leyts.
• AWS, Azure, Microsoft AzurecoreTechnology or IntegrationCloud infrastructure providers. Meeco services hosted on Microsoft Azure (Dublin, Ireland; Sydney, Australia) and AWS for global deployment with data residency options.

Scale indicators7 records

Recent moves9 records

Expansion highlights7 records

Direct peers

• Indicio: US-based decentralized identity and verifiable credentials platform. Directly comparable to Meeco as a specialist VC/DID infrastructure provider targeting governments and enterprises, and a co-partner with Meeco on DNP educational programs in Japan.
• Trinsic: Verifiable credentials platform offering issuer, holder, and verifier infrastructure. Directly comparable as a specialist VC infrastructure provider targeting similar enterprise and government use cases with an API-first, developer-friendly model.
• walt.id (Danube Tech): European-based decentralized identity and verifiable credentials infrastructure provider. Direct competitor in the EUDI Wallet ecosystem with open-source tooling for issuers, holders, and verifiers - overlapping with Meeco's SVX on eIDAS 2.0 use cases.
• Affinidi: Singapore-headquartered decentralized identity and verifiable data platform with strong APAC presence. Comparable as a VC infrastructure provider serving similar enterprise and government use cases, and a direct peer in the APAC market Meeco is pursuing via DNP.
• GATACA: European-based decentralized identity provider focused on eIDAS-compliant verifiable credentials. Direct competitor in the European digital identity wallet ecosystem with comparable issuer/verifier/wallet infrastructure.
• Dock: Verifiable credentials and decentralized identity platform with credential issuance, verification, and wallet capabilities. Comparable as a specialist VC infrastructure provider targeting enterprise and developer use cases.
• Scytale (formerly Evernym): Self-sovereign identity and verifiable credentials platform serving enterprises and governments. Direct peer in the decentralized identity infrastructure category with comparable issuer/verifier/wallet capabilities.

Broad incumbents

• Microsoft (Entra Verified ID): Microsoft's enterprise identity platform now includes verifiable credentials capabilities via Entra Verified ID. As a broad incumbent in IAM, Microsoft represents the most significant competitive threat with deep enterprise relationships, capital, and existing identity infrastructure footprint.
• Okta: Enterprise identity and access management leader with growing capabilities in decentralized identity. Comparable as a broad incumbent whose identity infrastructure footprint and enterprise customer base could absorb VC functionality natively.
• Ping Identity: Enterprise IAM and identity verification vendor with established presence in financial services and government. Comparable as a broad incumbent extending into verifiable credentials and zero-trust identity for regulated customers.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/meeco_me
• Facebookfacebook.com/Meeco-108361398129580
• LinkedInlinkedin.com/company/meeco-me

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds5 records

Investors2 records

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

M&A

Investments

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

Frequently asked questions about Meeco