Excerpt from the Straits Times:
In March 2024, Qualgro portfolio company Accredify received funding from the venture firm of American digital identity specialist Okta. The undisclosed sum from Okta Venture will pave the way for Accredify to expand globally, including reaching Okta’s base of 18,000 enterprise customers, with its new mission.
The five-year-old Singapore company is making a pitch for its technology to fight everyday scams through the issue of verifiable credentials, first used during the pandemic to inspire confidence in cross-border travel.
“One of the next steps for us is to solve the big problems that touch citizens’ lives: To prevent scams and fraud in e-commerce, ticketing and news dissemination,” Mr Quah Zheng Wei, co-founder and chief executive officer of Accredify, told The Straits Times.
Read more about Accredify’s ambitions here: https://www.straitstimes.com/tech/tech-news/singapore-start-up-to-take-on-fake-concert-tickets-after-tackling-bogus-covid-19-certs
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First published by The Straits Times on 9 Apr 2024
