Last Investment: $2.50M Pre Seed Round investment at 01 March 2023 by CMT Digital, Flyover Capital, Kenetic Trading, KCRise Fund, Monochrome Capital, VC 3 Ventures, Kestrel 0x1, Everywhere Ventures (The Fund).
Redeem's technology connects phone numbers to devices via SIM card authentication and links consumers to their devices with local biometrics, all orchestrated within an industry-standard OAuth flow. The startup's platform is engineered to streamline consumer onboarding and engagement, simultaneously ensuring identity and possession. By doing so, Redeem effectively reduces fraud, Account Takeover (ATO), and bot-related incidents, leading to increased revenues, reduced payment processing fees, and improved consumer engagement and satisfaction across both Web3 digital wallets and NFT utility or traditional Web2 e-commerce payment processing flow use cases. Overall, Redeem is positioned as a promising player in the space, with its innovative approach and strong backing from notable investors.
Deem
Meet the connectivity and identity platform that delivers secure digital experiences with the simplicity of a phone.
Founded 2022
4 employees
Pre Seed
Total: $2.50M
Blockchain, Fintech +2
General Information
Get notified when Deem moves
Funding, new markets, leadership changes, hiring surges — one e-mail, only when something happens.
Discover More
Blockchain
About Deem
Taxonomy: identity platform, connectivity platform, secure digital experiences, mobile-first, phone numbers as identifiers, fraud reduction, identity-based attacks, SIM card authentication, biometrics, OAuth flow, Web3, consumer engagement, reduced payment processing fees
Funding Rounds & Investors (1)
View All| Funding Stage | Amount | Investors | Lead Investors | Date |
|---|---|---|---|---|
| Pre Seed Round | •••••• | 8 |
|
01 Mar 2023 |
Deem Alternatives & Competitors
Deem vs
Prove
United States
We're the modern way of proving identity.
Series Unknown
576 employees
Analytics, Cyber Security
Deem vs
Empowering businesses with a robust, secure platform for online risk management and automated compli...
Series C
51-200 employees
Analytics, Big Data
Deem vs
IDHUBS
Canada
Ecosystem Solutions Provider - Brand Building, Work, collaborate, and do business digitally, anytime...
8 employees
Information Technology, SaaS
FAQ About Deem
Meet the connectivity and identity platform that delivers secure digital experiences with the simplicity of a phone.
Deem was founded in 2022.
Deem operates in the following industries: Blockchain, Fintech, NFT, Web3.
Deem has approximately 4 employees.
Deem has completed 1 funding round, raising a total of $2.50M. The latest funding stage is Pre Seed.
Top alternatives and competitors to Deem include Prove, IdentityMind, IDHUBS, BlueCheck Inc., RupeePower. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Deem and Prove are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.
Don't just browse. Track.
Signal Tracker monitors Deem and millions of companies for funding rounds, hiring surges, product changes, and 40+ signal types — so you never miss an opportunity.