Startups > Incode Technologies

Incode Technologies

Incode helps enterprises verify identities and prevent fraud instantly using AI.

Series B $407M total Founded 2015 San Francisco, California

Incode Technologies is an AI-powered identity verification platform that uses facial recognition, liveness detection, and document analysis to prevent fraud in real-time. The company serves financial institutions, fintech platforms, hospitality, and government agencies with a fully automated omnichannel solution that processes 4.1B+ identity checks annually. Incode's proprietary AI achieves 99% facial recognition accuracy, detects deepfakes instantly, and is 8.8x more accurate at identifying AI-generated documents than traditional methods. The platform is distinguished by its iBeta PAD Level 2 certification and zero-human-in-the-loop automation, making it faster and more fraud-resistant than competitors.

Problem solved

Organizations struggle to verify user identities quickly while preventing fraud and maintaining compliance, often relying on slow manual processes that create friction and leave gaps for bad actors.

Target customer

Financial services, fintech, payments, government agencies, and e-commerce platforms requiring KYC/AML compliance and fraud prevention at scale.

Website LinkedIn Crunchbase

Founders

Ricardo Amper

Founder & CEO

Serial entrepreneur with 20+ years of experience; founded social network La Burbuja Networks (2000) and functional beverage company AMCO Foods (2003); BA in Business Administration from ITAM, Mexico.

Jovan Jovanović

Co-founder

Serbian mathematician and computer specialist focused on biometric systems.

Alex Golunov

Co-founder

Russian facial recognition expert and AI researcher.

Mariana Amper

Co-founder

Finance specialist and Ricardo Amper's sister.

Funding history

Seed Unknown October 24, 2019 Led by DILA Capital · Unknown

Series A Unknown March 24, 2021 Led by 3L Capital · Framework Venture Partners, Walter Ventures, FJ Labs

Series B $220M December 7, 2021 Led by General Atlantic, SoftBank Group · J.P. Morgan, Capital One, Coinbase, SVCI, dLocal founders, DN Capital, 3L Capital, Framework Ventures

Total raised: $407M

Industries

Identity Management FinTech Payments Biometrics

Pricing

Not publicly available. Pricing is tied to performance outcomes and typically requires long-term 3-year agreements. Enterprise customers note room for more flexible pricing models.

Notable customers

Citibank, Chime, Amazon, Jumeirah Hotel & Resorts, Cibanamex, Viva Aerobús, Metallicus, Motorway

Integrations

Login.gov (GSA contract), Government Face Match, global watchlist systems, Motorway, MetaMap (acquired), AuthenticID (acquired)

Website

incode.com/

Competitors

Onfido

Onfido offers identity verification but Incode differentiates through fully automated omnichannel orchestration and superior deepfake detection powered by AI.

Persona

Persona provides identity verification with more flexible manual review options, whereas Incode is fully automated and optimized for speed and accuracy without human intervention.

Jumio

Jumio offers identity verification solutions but Incode's AI-powered platform provides higher accuracy (99% NIST-tested) and real-time deepfake detection at scale.

Socure

Socure combines identity verification with risk assessment, while Incode focuses on pure identity verification and liveness with superior automation and fraud prevention.

IDMission

IDMission provides identity verification with hybrid automation, whereas Incode operates as a fully automated platform without call center bottlenecks.

Why this matters: Incode is a rare unicorn ($1.25B valuation, founded 2015) in identity verification with technology that actually works at scale—99% NIST-certified facial recognition, deepfake detection, and 4.1B+ annual verifications give it a data moat and unmatched training datasets. Recent launches like Agentic Identity (verifying AI agents) and acquisitions (MetaMap, AuthenticID) position it at the frontier of identity verification as AI systems themselves need verification.

Best for: Best for regulated enterprises—financial services, fintech, payments, government, and e-commerce—that need to verify identities in milliseconds, prevent fraud, and maintain compliance without manual review overhead.

Use cases

Instant KYC Onboarding for Fintech

Fintech platforms use Incode Omni to verify customer identities in under 10 seconds during account signup. Facial recognition + liveness detection + document verification happens in parallel, eliminating the multi-day manual review bottleneck that typically delays account activation and increases drop-off.

Fraud Prevention for Payment Processors

Payment processors integrate Incode's Deepsight for Documents to detect AI-generated or fraudulent identity documents 8.8x more accurately than traditional rule-based checks. This reduces chargebacks, prevents account takeovers, and protects against synthetic identity fraud in real-time.

Contactless Identity Verification in Hospitality

Hotels like Jumeirah use Incode for contactless check-in via mobile app, verifying guest identity through facial recognition and document scan without physical ID inspection. This improves guest experience, reduces check-in time, and maintains compliance with KYC requirements.

Government Citizen Verification

Incode partnered with GSA on the Login.gov identity proofing system to verify millions of citizen identities for government services. The platform handles extreme scale (4.1B+ checks annually) with government-grade security and real-time background checks against federal watchlists.

Alternatives

Entrust IDV (formerly Onfido) Broader identity and verification platform with optional human review; choose if you need flexible workflows for edge cases that require manual intervention.

Veriff Offers both automated and human-in-the-loop verification; better for cases where human judgment on complex or high-risk transactions adds value.

Lightico Document collection and verification platform; choose if your primary need is collecting and managing identity documents rather than real-time fraud detection.

FAQ

What does Incode Technologies do? +

Incode provides AI-powered identity verification and fraud prevention. The platform uses facial recognition (99% accuracy), liveness detection, and AI-generated document detection to verify identities in milliseconds and prevent fraud. It processes 4.1B+ identity checks annually across financial services, fintech, government, and hospitality sectors.

How much does Incode cost? +

Incode does not publicly disclose pricing. Costs are tied to performance outcomes (e.g., verification success rates) and typically require long-term 3-year agreements. Contact Incode directly for a quote based on your volume and use case.

What are alternatives to Incode? +

Top alternatives include Onfido (broader identity platform with human review options), Persona (flexible verification with hybrid automation), Jumio (identity verification at scale), and Socure (identity + risk intelligence). Choose based on your need for automation level, human review capability, and fraud detection sophistication.

Who uses Incode? +

Incode serves regulated enterprises including Citibank, Chime, Amazon, Jumeirah Hotel & Resorts, Cibanamex, Viva Aerobús, and government agencies like GSA. The platform is used by fintech, payments, financial services, hospitality, and e-commerce companies requiring KYC/AML compliance and fraud prevention.

How does Incode compare to Onfido? +

Incode is fully automated with zero human-in-the-loop processing, delivering identity verification in milliseconds; Onfido offers optional manual review for complex cases. Incode achieves 99% facial recognition accuracy and detects AI-generated documents 8.8x more accurately. Choose Incode for pure speed and fraud prevention; choose Onfido if you need flexible workflows for edge cases.

Does Incode detect deepfakes? +

Yes. Incode uses multi-modal AI intelligence to verify image depth, frame, and color properties, instantly identifying deepfakes and AI-generated identity documents. The Deepsight for Documents system is 8.8x more accurate than traditional checks at detecting AI-generated identities.

Is Incode compliant with government regulations? +

Yes. Incode holds iBeta PAD Level 2 certification for passive biometric liveness and was recognized by GSA with a $37.4M contract to support Login.gov identity proofing. The platform supports KYC, AML, and global watchlist compliance requirements.