Fraudcheck
Fraudcheck is a South African NCRCB65-registered credit bureau and identity verification provider founded in 2015, offering API-first consumer and commercial KYC, AML, credit, and criminal record checks to regulated businesses and individuals across South Africa.
- Company typePrivate
- Founded2015
- HeadquartersJohannesburg, South Africa
- Headcount1–10
- GTM typeB2B and B2C
- OfferingSoftware
What Fraudcheck does
Fraudcheck (PTY) Ltd is a South African risk and fraud mitigation specialist founded in 2015, headquartered in Sandton, Johannesburg. It operates as a registered credit bureau (NCRCB65) under the National Credit Regulator and is an accredited Afiswitch (Idemia) partner, providing identity verification, fraud screening, credit risk assessment, AML/watchlist checks, and education verification services to both individuals and businesses across South Africa.
The company's core platform is an API-first system offering two distinct service lines: Consumer Service for verifying natural persons (identity, AML/watchlist, education, credit) and Commercial Service for verifying companies, trusts, and legal entities. The technology stack is REST-based with JSON-over-HTTPS and bearer token authentication, supported by comprehensive documentation at docs.fraudcheck.co.za. Proprietary differentiators include a Credit Score service returning a 0-999 risk score with ACCEPT/REVIEW/REJECT classification, and a physical network of 450+ verification checkpoints spanning all South African provinces for criminal background checks. Data integrations include TransUnion, XDS, AfriGIS, the Department of Home Affairs, Idemia, and SAFPS.
Fraudcheck operates a hybrid revenue model combining a usage-based pay-per-check credit/token system for individuals and SMBs with bespoke, multi-year custom enterprise contracts for regulated industries including financial services, gambling, real estate, security, education, logistics, legal, and healthcare. Go-to-market spans API distribution for developer-led integration, direct field sales for enterprise accounts, physical checkpoint locations for in-person criminal checks, and website self-service. The company is privately held and bootstrapped, with no disclosed funding rounds or institutional investors.
Fraudcheck firmographics
Firmographics- Name
- Fraudcheck
- Legal name
- Fraudcheck (PTY) Ltd
- Website
- https://fraudcheck.co.za
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Fraudcheck is a South African NCRCB65-registered credit bureau and identity verification provider founded in 2015, offering API-first consumer and commercial KYC, AML, credit, and criminal record checks to regulated businesses and individuals across South Africa.
- Ownership category
- akta.pro rank
Fraudcheck industry classification
Industry- Product category
- Identity Verification Services
- NAICS
- Credit Bureaus (561450), Investigation and Personal Background Check Services (561611)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA)
- akta.pro secondary industries
- Fraud Detection & Prevention (payments fraud, account takeover, scams) (FSAGAFAE), Consumer Identity Verification (KYC) & Fraud Risk for Credit (FSAKAKAD), Fraud Investigations & Claims Support (Insurance/Financial) (BPAKAEAD)
Keywords
Where Fraudcheck is headquartered
LocationHeadquarters
- HQ city
- Johannesburg
- HQ country
- South Africa
- HQ region
- Africa
Offices1 record
Markets served
Fraudcheck business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations
Revenue model
- Credit/Token-based Verification Checks: Pay-per-check model using credits/tokens. Each verification check costs a set number of credits. Users purchase credits which are consumed when performing checks. Supports both individual person checks and business verification services.
- Custom Enterprise Solutions: Bespoke compliance packages tailored to large enterprise needs with premium pricing for custom solutions combining existing modular products.
- Professional Services: Implementation and consulting services for businesses without compliance officers, connecting them with preferred regulatory consultants.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Pay-as-you-go | Free individual registration with pay-per-check credits |
| Hybrid | Multi-year contract | Custom business packages for enterprises |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels5 records
Fraudcheck product offering
Product offeringCore offering
Fraudcheck is a South African verification intelligence company that provides identity verification, criminal background checks, credit risk assessment, AML/watchlist screening, education verification, and bank account verification services. The platform is delivered through a Consumer Service API (for natural persons) and a Commercial Service API (for businesses, trusts, and legal entities), accessible via REST APIs with bearer token authentication, complemented by 450+ physical verification checkpoints across South Africa for criminal record checks.
Differentiator
Problem solved
Functional benefit
Products and services
- Consumer Service API REST API suite for verifying, screening, and assessing risk on natural persons. Includes identity verification (Basic/Enhanced ID, Digital Onboarding, Address Lookup, Asylum Seeker/Refugee Verification, Identity Document Authentication, SIM Swap Check), AML & Watchlist screening (Watchlist variants: Lite, Crime, PEPs, Regulatory, Extensive; Comprehensive Watchlist Screening; SAFPS Fraud Listing Lookup), Education Verification (Matric and Tertiary), Credit Check, Credit Score, and Bank Account Verification. Targeted at South African individuals and businesses integrating consumer verification into onboarding workflows.
- Commercial Service API REST API for verifying companies, trusts, or other legal entities including business search, principal details, watchlist screening, and credit scoring. Used by enterprises for KYB (Know Your Business), supplier onboarding, and commercial due diligence processes.
- FICA Compliance Solutions
Quantifiable outcome
- Reduced fines from non-compliance through automated FICA compliance verification
- +2 more outcomes
Companies that use Fraudcheck
Customer profileNamed customers8 records
Segments3 records
Ideal customer profiles2 records
Fraudcheck technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature8 records
Fraudcheck partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- TransUnioncoreData partner providing credit bureau data for Full Person Checks. Credit bureau data includes credit application information used in identity verification and fraud screening. Service depends on information provided during credit applications at service providers.
- XDScoreData partner for credit bureau data used in Full Person Checks and credit verification services.
- AfriGIScoreData partner providing location and address data for verification services.
- Idemia (Afiswitch)coreRegistered Afiswitch (Idemia) Partner for identity document verification and authentication services.
- Home AffairscoreGovernment data partner for ID verification against official Home Affairs records during identity checks.
- SAFPS (South African Fraud Prevention Service)coreProvides access to SAFPS fraud listing database for screening consumers against known fraud listings during onboarding and KYC processes.
- Regulatory ConsultantsminorPreferred regulatory consultants available to connect businesses that do not have compliance officers, supporting RMCP development and compliance implementation.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Fraudcheck competitors and assessment
Company assessmentBroad incumbents
- Jumio: Global AI-driven identity verification and KYC/AML platform serving enterprises with document verification, liveness and watchlist screening — a broader incumbent competing for the same multinational enterprise onboarding budgets as Fraudcheck's Commercial Service.
- Onfido: Global cloud-based IDV platform (now part of Entrust) offering document and biometric verification with AML screening — competes for the same regulated-enterprise onboarding RFPs that Fraudcheck targets with its Commercial API.
- GBG (GBG Group): Global identity and location intelligence provider (formerly GBG Identity Solutions) offering KYC, AML, fraud and credit-risk decisioning — directly comparable IDV/fraud products targeted at regulated enterprises.
- TransUnion South Africa: Major credit bureau supplying data that Fraudcheck uses, but also offers consumer and business credit reporting and identity services directly to enterprises — a broader incumbent in the same regulatory and product category.
- Sumsub: All-in-one verification platform covering KYC, KYB, AML, fraud prevention and transaction monitoring with strong fintech and crypto exposure — competes for the same enterprise compliance budgets with a broader product suite.
- Trulioo: Global identity-verification network covering 195+ countries with KYC, AML and business verification — a broader incumbent that pressures Fraudcheck on cross-border deals where South Africa–only coverage is a limitation.
- Experian South Africa: Global credit-information company with South African operations providing consumer/business credit reports, identity verification and fraud analytics — overlaps directly with Fraudcheck's credit bureau and KYC offerings as a much larger incumbent.
Emerging players
- Veriff: AI-powered identity verification platform serving fintech, mobility and crypto clients with document + biometric verification — overlapping product surface to Fraudcheck for digital onboarding, though currently operating without South Africa–specific depth.
Direct peers
- XDS (Xpert Decision Systems): South African credit bureau and decisioning data provider that supplies Fraudcheck; it also offers its own credit, affordability and ID-verification products, making it both a partner and a direct competitor in the local credit-bureau space.
- VeriCheck: South African background-screening and identity-verification provider offering criminal, credit, ID, and qualification checks to employers and landlords — directly comparable to Fraudcheck's individual and small-business offerings within the same domestic market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Fraudcheck social profiles
Digital presenceFraudcheck compliance and trust
Trust signalCompliance5 records
Fraudcheck financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fraudcheck leadership team
Management profileNumber of profiles
Profiles5 records
Fraudcheck funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fraudcheck 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 Fraudcheck
What does Fraudcheck do?
Fraudcheck is a South African verification intelligence company that provides identity verification, criminal background checks, credit risk assessment, AML/watchlist screening, education verification, and bank account verification services. The platform is delivered through a Consumer Service API (for natural persons) and a Commercial Service API (for businesses, trusts, and legal entities), accessible via REST APIs with bearer token authentication, complemented by 450+ physical verification checkpoints across South Africa for criminal record checks.
Is Fraudcheck a public or private company?
Fraudcheck is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Fraudcheck founded?
Fraudcheck was founded in 2015. It employs 1 to 10 people.
Where is Fraudcheck based?
Fraudcheck is headquartered in Johannesburg, South Africa, in the Africa region.
How does Fraudcheck make money?
Three revenue lines are on record. Credit/Token-based Verification Checks are the primary driver. The others are custom Enterprise Solutions and professional Services.
Who are Fraudcheck's main competitors?
Broad incumbents on record are Jumio, Onfido, GBG (GBG Group), TransUnion South Africa, Sumsub, Trulioo and Experian South Africa. Veriff is listed as an emerging player. Direct peers are XDS (Xpert Decision Systems) and VeriCheck.
Does Fraudcheck have an API?
Yes. Fraudcheck offers two API services: Consumer Service for verifying natural persons (individuals) and Commercial Service for verifying companies, trusts, or legal entities. The Consumer Service includes Identity (Basic/Enhanced ID Verification, Digital Onboarding, Address Lookup, Asylum Seeker/Refugee Verification, Identity Document Authentication, SIM Swap Check), AML & Watchlist (Watchlist Screening with variants: Lite, Crime, PEPs, Regulatory, Extensive; Comprehensive Watchlist Screening; SAFPS Fraud Listing Lookup), Education (Matric Verification, Tertiary Verification), and Credit & Financial Risk (Credit Check, Credit Score, Bank Account Verification). Authentication uses bearer tokens via POST /auth/login with 1-hour expiration. Responses are synchronous or asynchronous (PENDING with polling). Region: South Africa. Documentation at https://docs.fraudcheck.co.za/ Developer documentation is at docs.fraudcheck.co.za.
What industry is Fraudcheck in?
Fraudcheck's product category is Identity Verification Services. Its primary akta.pro industry code is FSAGAFAA, Identity Verification & Digital ID (IDV, eIDAS, biometrics), with a secondary code of FSAGAFAE, Fraud Detection & Prevention (payments fraud, account takeover, scams). Its NAICS code is 561450 and its SIC code is 7320.