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Trust Stamp enters Insurtech space with $100,000 investment from OnRamp Accelerator & campaign successfully funded
Trust Stamp recently announced its acceptance into the OnRamp Insurance Accelerator, a leading accelerator for insurance innovation. Participation includes a $100k cash investment, office space, and access to a global network of investors and mentors. Each year, five companies are accepted into the program.
“Across industries, we see sensitive personal information being used to establish truth when initiating business and financial relationships between enterprises and their customers. While regulatory mandates rightfully require institutions to verify customer identities to a high degree of confidence, the sharing and storage of user data poses risks to institutional security and individual privacy,” comments Andrew Gowasack, Trust Stamp President & Co-Founder. “We are excited to explore potential applications for Trust Stamp’s identity authentication technology to improve customer experience, enhance institutional security, and protect user privacy in the insurance industry.”
Trust Stamp, which became successfully funded the day of launching its public live campaign, has surpassed $2.79mm raised and is still accepting investments.