- Accredify secures Series A extension from Okta Ventures, Okta’s venture arm.
- The startup enables end-to-end document management using blockchain technology.
- Accredify has proven success across industries and markets, including government and corporate clients.
Accredify, a Singapore-founded startup that enables businesses to issue, manage, and verify documents from end to end, has raised a Series A extension from strategic investor Okta.
Founded in 2019, Accredify previously raised a $7M Series A in 2023, co-led by iGlobe Partners and SIG Venture Capital. Okta, the world’s leading independent identity management platform, invested through its venture arm, Okta Ventures.
The 3 Accredify special process
When a company works with Accredify, they creates an identity for the client on the blockchain, establishing a wallet or document store on the blockchain network.
Whenever the company issues a verifiable document with Accredify, the document’s digital fingerprint is captured and stored in the client’s document store on the blockchain.
![](https://t9009141299.p.clickup-attachments.com/t9009141299/58bf0cbd-3e22-4d74-8f9b-f75ee11c860a/image.png)
To verify an Accredified document, the contents of the document are checked against the fingerprint in the document stored on the blockchain to ensure a match.
Proven success across industries and markets
Accredify’s solution has been used commercially by governments and corporations across multiple markets, setting it apart from providers that focus on a single industry.
Notable examples include Singapore’s Ministry of Health for health certifications and Singapore’s Accounting and Corporate Regulatory Authority for launching verifiable business profiles.
![](https://t9009141299.p.clickup-attachments.com/t9009141299/f93bd45c-3d09-464b-8a49-8f33c4937870/image.png)
Okta’s investment in Accredify is a testament to the startup’s successful commercial use cases across various industries.