- Founded
- 2015-01-01 in San Francisco, California, USA
- Headquarters
- San Francisco, California, USA
Founded by Ricardo Amper in 2015, Incode Technologies is a San Francisco-based AI-powered identity verification and fraud prevention platform that provides end-to-end solutions for customer onboarding, authentication, KYC/AML compliance, and workforce identity security. The platform processes over 4.1 billion identity checks annually and maintains 400 million identity profiles, serving some of the world’s largest banks, telcos, neobanks, and marketplaces. In 2021, Incode achieved unicorn status with a $1.25 billion valuation after a $220 million Series B round led by General Atlantic, and it has since expanded globally with offices in New York, London, Madrid, Belgrade, Mexico City, Barcelona, and Tel Aviv, employing more than 600 people. The company has been recognized as a Leader in the Gartner Magic Quadrant for Identity Verification for two consecutive years and completed its second acquisition, AuthenticID, in 2024. Its technology is relied upon by 8 of the top 10 U.S. banks and 8 of the top 9 U.S. telcos, positioning it as a critical trust layer in the digital economy.
Detailed Review
Company History and Founding
Incode Technologies was founded by Ricardo Amper on June 17, 2015, in San Francisco, California. Amper, who previously founded other ventures, built Incode to address the growing challenges of digital identity verification and fraud prevention. The company started with a focus on computer vision and biometric liveness detection, and quickly gained traction in the fintech and telecom sectors. In 2019, Incode raised a $10 million seed round, and in 2021 it secured a $220 million Series B round led by General Atlantic, with participation from BOND and DST Global, propelling its valuation to $1.25 billion and earning unicorn status.
Platform and Products
Incode offers the Incode Orchestration Platform, a unified, modular no-code system that enables enterprises to design custom identity verification journeys. The platform covers four core use cases: Customer Trust (onboarding, authentication, step-up verification, KYC/AML), Business Trust (KYB, UBO verification, watchlist screening), Workforce Trust (employee identity checks, password/MFA resets, candidate screening), and Agentic Trust (verification for AI-powered agents). Key technologies include biometric liveness detection (iBeta Level 1 and Level 2 certified), document capture and validation, device fingerprinting, and a fraud intelligence network that cross-references signals across sessions to detect coordinated fraud rings and synthetic identities.
Market Position and Clients
Incode is a leader in the identity verification market, recognized in the Gartner Magic Quadrant for Identity Verification in 2023 and 2024, and named a Leading Vendor in Liminal’s Link Index for KYC. Its client roster includes 8 of the top 10 U.S. banks, 8 of the top 9 U.S. telcos, and all three of the world’s top neobanks. The platform is also FedRAMP-authorized for U.S. government agencies and boasts 99.99% uptime. Competitors include Jumio, Onfido, Mitek, and other identity verification providers, but Incode differentiates through its proprietary AI models built on Vision-Language Models, LLMs, and reasoning agents trained on one of the industry’s largest global datasets.
Recent Developments and Acquisition
In 2024, Incode acquired AuthenticID, an identity verification software provider specializing in document authentication and fraud detection, to further strengthen its fraud defense capabilities. The company has also expanded its leadership team, hiring Dean Hickman-Smith as Chief Revenue Officer to accelerate growth. Incode continues to invest in its AI stack and fraud intelligence network, and has been recognized for its passive liveness technology, which was the first in the world to pass iBeta Level 1 certification in 2019 and later Level 2 testing for advanced 3D mask and 2D attack resistance.
Business Model and Revenue
Incode operates on a SaaS-based revenue model, charging enterprises for identity verification transactions, platform subscriptions, and professional services. Its solutions are used for customer onboarding, authentication, KYC/AML compliance, and workforce security, with pricing typically based on volume of checks and feature tier. The company serves a diverse range of industries including banking, telecommunications, fintech, marketplaces, and government.
Strategic Direction and Recognition
With over 600 employees representing 25 nationalities, Incode is scaling globally with offices in key financial and technology hubs. The company’s vision is to become the universal trust layer for the digital economy, enabling secure and seamless identity verification across every interaction. Its recognition as a Gartner Leader and its strong client retention underline its market position. The recent acquisition of AuthenticID and the rollout of Agentic Trust for AI-driven agents signal Incode’s commitment to staying ahead of evolving fraud threats and expanding into new use cases.
Key Products
Incode Omni
End-to-end identity orchestration platform for customer onboarding, authentication, KYC/AML compliance, business verification, workforce identity, and agentic trust. Includes no-code journey builder, real-time analytics, and fraud case management.
IncodeID
Direct-to-consumer reusable identity verification platform that allows individuals to verify their identity once and share it with participating companies.
Customer Trust Suite
Includes customer verification, step-up authentication, KYC/AML checks, and biometric-based login (selfie authentication).
Business Trust Suite
Covers business entity verification (KYB), Ultimate Beneficial Owner (UBO) verification, and watchlist screening against global sanctions.
Workforce Trust Suite
Employee identity verification at onboarding, self-service password/MFA reset, and candidate deepfake detection.
Agentic Trust
Identity verification for AI-driven interactions and automated workflows.
Orchestration Platform
Centralized dashboard with customizable journeys, fraud trend monitoring, and integration APIs/SDKs for mobile and web.
Incode Business Trust
UBO verification, business entity screening, sanctions list checks.
Incode Omni Platform
AI-driven identity ecosystem for onboarding, authentication, and ID verification. Modular, API/SDK-based, supports mobile and web.
Incode Orchestration Platform
Centralized dashboard for end-to-end identity verification workflow management. No-code journey builder, real-time analytics, case management.
Incode Customer Trust
Solutions for KYC/KYB, age verification, AML compliance, watchlist screening, and step-up authentication.
Incode Workforce Trust
Employee identity verification, help-desk password reset, candidate verification to block deepfake hires.
Incode Agentic Trust
Identity verification for AI-driven autonomous interactions (future-facing).
AuthenticID (acquired 2025)
U.S.-based identity verification software provider; integrated to bolster fraud defense.
Customer Trust
Solutions for customer onboarding (document capture, biometric liveness), step-up authentication, KYC/AML compliance, and passwordless login.
Business Trust
KYB verification, UBO (Ultimate Beneficial Owner) identification, and automated watchlist/sanctions screening.
Workforce Trust
Employee identity verification at onboarding, secure help-desk password resets, and candidate deepfake detection.
Biometric Liveness Detection
Passive liveness technology that detects 2D/3D masks, deepfakes, and other spoofing attacks; iBeta Level 1 & 2 certified.
Fraud Intelligence Network
Cross-session analysis using device fingerprints, behavioral signals, and shared fraud intelligence to detect coordinated fraud rings.
AuthenticID
Identity verification software provider specializing in document authentication and fraud detection, acquired by Incode in 2024.
Offices & Headcount
600 employees (approx.)
Key Persons
Ricardo AmperFounder & Chief Executive Officer (CEO)
- Adi Uraih
Enterprise Customer Success Manager
Mihkel RaagRegional Sales Lead, EMEA