ShoCard
ShoCard is a Cupertino-based blockchain identity company founded in 2015 that provides verifiable identity tokens for real-time KYC and identity verification, primarily serving financial services and fintech firms, with secondary use in supply chain traceability.
- Company typePrivate
- Founded2015
- HeadquartersCupertino, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What ShoCard does
ShoCard is a Cupertino, California-based private company founded in 2015 that provides blockchain-based self-sovereign identity (SSI) solutions for digital identity verification. Its core product, ShoCard Verifiable Identity Tokens, uses distributed ledger technology to enable real-time identity verification — reportedly reducing verification time from the traditional 2-7 day KYC process to under 60 seconds, cutting costs by up to 50%, and improving security by 70%. The company targets financial services and fintech firms as its primary customer segment for KYC compliance, with a secondary focus on supply chain and agriculture use cases for identity and traceability.
ShoCard has raised approximately $5.5M across two funding rounds — a $1.5M seed in July 2015 (AME Cloud Ventures, Digital Currency Group, Enspire Capital, Morado Ventures) and a $4M round in August 2017 led by AME Cloud Ventures and Morado Ventures with participation from Correlation Ventures, DHVC, Recruit Strategic Partners, and Storm Ventures. Headcount is reported at 11-50 employees. The company is positioned within the SSI ecosystem alongside peers such as Sovrin, uPort, Civic, SelfKey, Blockstack, Evernym, and EverID. Business model specifics — pricing, contract structures, customer count, and revenue mechanics — are not publicly disclosed, representing material data gaps for any commercial assessment.
ShoCard firmographics
Firmographics- Name
- ShoCard
- Website
- https://shocard.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ShoCard is a Cupertino-based blockchain identity company founded in 2015 that provides verifiable identity tokens for real-time KYC and identity verification, primarily serving financial services and fintech firms, with secondary use in supply chain traceability.
- Ownership category
- akta.pro rank
ShoCard industry classification
Industry- Product category
- Digital Identity Verification
- NAICS
- Security Systems Services (except Locksmiths) (561621)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling) (FSAPACAL)
- akta.pro secondary industries
- Decentralized Identity (DID) & Identity Wallets (DID methods, DIDComm, identity agents) (FSAPACAG), Key Management Infrastructure (HSMs, key vaults, MPC/TSS key mgmt, rotation) (FSAPACAE)
Keywords
Where ShoCard is headquartered
LocationHeadquarters
- HQ city
- Cupertino
- HQ country
- United States
- HQ region
- North America
Markets served
ShoCard business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations
ShoCard product offering
Product offeringCore offering
ShoCard provides a blockchain-based mobile digital identity platform that issues and verifies verifiable identity tokens for real-time identity authentication. The platform is built on self-sovereign identity (SSI) principles using distributed ledger technology, enabling organizations — primarily financial institutions — to complete KYC compliance and identity verification in under 60 seconds, replacing traditional 2-7 day manual processes.
Product overview
ShoCard offers a blockchain-based identity verification solution with verifiable identity tokens designed for KYC (Know Your Customer) compliance purposes. The company provides self-sovereign identity (SSI) technology that enables real-time identity verification. Based on available source data, ShoCard's offering consists primarily of its verifiable identity token product. The company operates in the blockchain-based identity verification market alongside competitors including Civic, Sovrin, uPort, and others.
Differentiator
Problem solved
Functional benefit
Products and services
- ShoCard Verifiable Identity Tokens A blockchain-based verifiable identity token solution that enables real-time identity verification for KYC compliance, reducing verification time to under 60 seconds compared to traditional 2-7 day processes. Built for financial institutions and supply chain organizations needing secure, decentralized identity authentication.
Quantifiable outcome
- Real-time identity verification in under 60 seconds (compared to traditional 2-7 day process)
- +3 more outcomes
Companies that use ShoCard
Customer profileSegments2 records
Ideal customer profiles2 records
ShoCard technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
ShoCard partnerships and signals
Strategic signalRecent moves5 records
Expansion highlights3 records
ShoCard competitors and assessment
Company assessmentDirect peers
- Civic: Blockchain-based self-sovereign identity and verifiable credentials platform. Directly comparable to ShoCard as a long-standing peer in the SSI/DID space serving consumer and enterprise KYC use cases.
- Evernym: Pioneer of Sovrin Network verifiable credentials and DID technology, acquired by Avast/NortonLifeLock. Direct peer to ShoCard with overlapping SSI architecture and KYC/identity verification use cases.
- Sovrin Foundation: Non-profit steward of the Sovrin Network for self-sovereign identity. Comparable to ShoCard as a foundational SSI/DID platform, often referenced in the same ecosystem evaluations.
- uPort: Ethereum-based decentralized identity and verifiable credentials platform. Direct competitor to ShoCard in the on-chain identity / DID category.
- SelfKey: Blockchain-based self-sovereign identity for KYC/AML compliance. Comparable niche positioning to ShoCard, typically grouped together in SSI vendor evaluations.
Broad incumbents
- Microsoft Entra Verified ID: Microsoft's enterprise decentralized identity offering built on W3C DID/VC standards. A broad incumbent that competes with ShoCard in enterprise verifiable credential use cases, with far larger distribution and integration ecosystem.
- Onfido (Entrust): AI-driven digital identity verification and KYC platform, now part of Entrust. Broad incumbent in the same end market (KYC/identity verification) that ShoCard targets, though with a centralized rather than decentralized architecture.
- Okta: Enterprise identity and access management leader with growing digital identity verification capabilities. Broad incumbent competing for the same enterprise identity budgets as ShoCard, especially in financial services.
Emerging players
- Trinsic: Developer-focused verifiable credentials and SSI infrastructure platform. Comparable to ShoCard's API-driven approach to digital identity, with a stronger focus on developer tooling.
- Indicio: Open-source verifiable credentials and decentralized identity platform. Comparable to ShoCard in serving enterprise and government identity verification use cases with DID/VC technology.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat2 records
Key risks5 records
Key highlights5 records
Customer concentration
ShoCard social profiles
Digital presenceShoCard financial estimates
Financial estimateRevenue estimate
Valuation estimate
ShoCard leadership team
Management profileNumber of profiles
Profiles1 record
ShoCard funding detail
Funding detailFunding overview
Funding rounds2 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ShoCard 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 ShoCard
What does ShoCard do?
ShoCard provides a blockchain-based mobile digital identity platform that issues and verifies verifiable identity tokens for real-time identity authentication. The platform is built on self-sovereign identity (SSI) principles using distributed ledger technology, enabling organizations — primarily financial institutions — to complete KYC compliance and identity verification in under 60 seconds, replacing traditional 2-7 day manual processes.
Is ShoCard a public or private company?
ShoCard is a private company. It is classified as venture growth investor backed and is currently operating.
When was ShoCard founded?
ShoCard was founded in 2015. It employs 11 to 50 people.
Where is ShoCard based?
ShoCard is headquartered in Cupertino, United States, in the North America region.
Who are ShoCard's main competitors?
Direct peers on record are Civic, Evernym, Sovrin Foundation, uPort and SelfKey. Broad incumbents are Microsoft Entra Verified ID, Onfido (Entrust) and Okta. Emerging players are Trinsic and Indicio.
Does ShoCard have an API?
No public API is recorded for ShoCard.
What industry is ShoCard in?
ShoCard's product category is Digital Identity Verification. Its primary akta.pro industry code is FSAPACAL, Compliance Identity & KYC/KYB for Wallets (on-chain identity, reusable KYC, travel rule tooling), with a secondary code of FSAPACAG, Decentralized Identity (DID) & Identity Wallets (DID methods, DIDComm, identity agents). Its NAICS code is 561621 and its SIC code is 6211.