Security startup Alloy announced it has raised $3.8 million in seed financing led by Eniac Ventures.
Alloy helps companies make better decisions with better information, using a single API service and dashboard to manage identity verification from signup through the lifecycle of the customer. Financial services companies can quickly and safely onboard more customers, mitigating fraud and high-cost financial risk.
The financing accelerates Alloy’s growth, and represents the market need for a simple, effective solution to the complex and cumbersome Know Your Customer (KYC) and Anti-Money Laundering (AMI) industries.