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Shufti Pro Limited
Contact
Barry Wong (in Hong Kong) Head of Sales - APAC barry@shuftipro.com Steve Ullman (in UK) CFO and Board Director steve.u@shuftipro.com Coopergate House, 10 Whites Row, London E1 7NF
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Company Introduction
Shufti Pro is a global identity verification & compliance service provider that aims at building a future where identity is the key to access. Its product offering combines the power of Artificial Intelligence, Machine Learning and Optical Character Recognition (OCR) to verify that global government issued IDs are genuine or fraudulent and with facial biometric matching that it’s the same individual performing the verification as it is on the ID document.
Shufti Pro currently has its head office in the UK with other offices in Sweden, Dubai, Cyprus and the US – although it has circa 40 employees but also access to a further 100 contractors in its development team. The company has experienced high growth over the past couple of years with over 200% revenue growth from 2020 to 2021 and circa 70% revenue growth this year. It is financially stable and has recently raised $20m through a series A funding round with a US growth equity fund.
Today Shufti Pro serves more than 500+ clients globally from a variety of industry sectors. The company’s client include one of the largest global FinTechs, a couple of large financial institutions in Europe and SE Asia as well as some of the largest FX companies in Europe and the US.
Current activity in Hong Kong
Shufti Pro have a few clients in Hong Kong and also a number of other clients in the rest of Asia Pacific, covering a number of different industries; such as Financial institutions, merchants and FX companies.
Hong Kong expansion plan and motivation
We are potentially looking to establish an office in Hong Kong in order to use this as a base to co-ordinate our sales efforts in the Asia Pacific region.
Company’s objectives for the Hong Kong market
Shufti Pro is looking to increase our profile in the APAC market and we are looking to use Hong Kong as one of our key centres in APAC in which to co-ordinate our operations in the region.
We see a lot of business opportunities in the APAC region and see this as key to our strategy to grow the business.
