Globally Acclaimed IDV Service Provider Shufti Pro Marks Half-a-Decade in the IDV Industry

November 10 16:48 2022
Shufti Pro, a global leader for providing its customers with state-of-the-art KYC, KYB, KYI, and AML solutions globally, marked its 5th anniversary on October 31st, 2022.

October 2022 marks half-a-decade since the launch of Shufti Pro. The company is celebrating its five successful years of building trust globally, all while ensuring compliance with international KYC/AML regulations. Addressing the challenges of onboarding legitimate customers across the globe, Shufti Pro has come a long way from when it was founded on October 31st, 2017 to now serving more than 700 clients internationally.

Over the past five years, Shufti Pro has continuously achieved new milestones, witnessed year-over-year growth of 100%, and expanded its operations to hundreds of countries and territories. In the past year, the company launched Forensic Document Verification which utilises AI along with handwriting validation, UV ray examination, microscopic analysis, and OCR to detect counterfeit documents with a 99% accuracy. Shufti Pro also rolled out its Customer Risk Assessment (CRA) and Customer Risk Scoring (CRS) solutions providing businesses with effective tools to conduct an in-depth analysis of the risk associated with potential customers.

Shufti Pro also showed humanitarian support to Ukraine and announced 10 Million free Verifications for aid agencies to securely identify people entering the country.  The company has won the trust of Louisiana Gaming Control Board and West Virginia Lottery Board to legally operate in the United States, adding to an already impressive list of 14 other US states. 

Expressing his thoughts on its 5th anniversary, Shufti Pro’s CEO & co-founder, Victor Fredung stated, “Shufti Pro was launched to facilitate global clients with the market’s most reliable IDV solutions. Delivering authentic KYC, KYB, KYI, and AML services in more than 230 countries and territories with an accuracy rate of 99%, we are proud to say that it is just the beginning. Achieving unquestionable worldwide recognition and an international presence, Shufti Pro has one goal, to provide its customers with swift, cost-effective, and 100% accurate IDV within milliseconds.”

“As we celebrate Shufti Pro’s 5th anniversary, I want to thank all our clients, partners, and team members without whom it could not be possible. We are determined to work even harder and smarter to build trust between businesses and customers and continue to innovate in the space of IDV and compliance,” stated Shahid Hanif, Founder and CTO of Shufti Pro.

Committed to innovate in the IDV world, Shufti Pro raised $20 Million in Series A funding earlier this year to accelerate its international expansion, enhance its IDV solutions and expand the company’s compliance suite. From what started as a single line of code and a dream by the company’s founder and CTO, Shahid Hanif, Shufti Pro has come a long way with its six international offices serving over 700 clients. The configurable IDV services offered by the company empower organisations to be agile,  and rapidly adapt to technological advancements in a wide scope of industries. Businesses globally have successfully relied on Shufti Pro for providing millions of secure ID verifications and stopping tens of thousands of potential fraud attempts.

About Shufti Pro

Shufti Pro is a leading identity verification service provider offering KYC Verification, KYB, KYI, AML, and OCR solutions that are accelerating trust worldwide. The UK-headquartered company has five international offices and has launched a suite of 17 complimentary IDV products and solutions since its inception in 2017. With the ability to automatically and securely verify over 9000 ID documents in more than 150 languages, Shufti Pro proudly serves customers in 230 countries and territories. 

For more information, please contact:

Graeme Rowe

CMO | Shufti Pro

[email protected]    

+44 7909 447255

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