summary: CIVIC (CVC) (Founded in 2015) is an Ethereum-based Decentralized platform that aims to prevent online fraud reduction.
content: CIVIC (CVC) (Founded in 2015) is an Ethereum-based Decentralized platform that aims to prevent online fraud reduction. It is an Identity Management solution that gives individuals and businesses the tools they need to control and protect personal identifiable information. Using the digital identification platform, the user can create his / her own virtual identity and store it together with personal information on the device. Civic believes identity should be convenient, safe, and secure, and put users in control. Civic allows people to control the use of their identity information. They use cutting-edge identity verification technology to secure and protect personal information transfer. Civic provides on-demand, secure and low-cost access to identity verification services using Blockchain technology. They also notify users when their data is used by an entity affiliated with Civic, allowing users to make sure the use of this information is legitimate. CVC is the native token of the Civic infrastructure which is built on Ethereum’s Blockchain as it is an ERC20 token. Company Civic Technologies, Inc is an identity management service company that allows one to protect and authorize the use of their identity in real-time. The company was founded in 2015 by Vinny Lingham, They Specialize in Blockchain technology, Blockchain identity verification, Blockchain identity, and Cryptocurrency wallet. The company is currently headquartered in San Francisco Bay Area, West Coast, Western US, California. It consists of a range of 11-50 employees who Specialize in various Identity verification Services. Funding$: Civic has raised a total of $35.8M in funding over 6 rounds. Their latest funding was raised on Sep 21, 2017, from a Seed round. Civic is funded by 19 investors. Plug and Play and Genesis One Capital are the most recent investors. Civic has a post-money valuation in the range of $1M to $10M as of Jan 27, 2016, according to PrivCo. Sign up for a free trial to view exact valuation and search companies with similar valuations. History & Team Civic was started by Vinny Lingham, a South African entrepreneur with a simple vision that a person’s identity should be held by the person themselves. He stated, “You own it, you don’t get it from your Government”. Civic began integrating with partner sites and developing its first set of Smart contracts in Q3 of 2017. Their platform went into an Alpha phase in Q4, providing KYC services including document verification and the ability for Validator to confirm identities to earn CVC tokens. Q1 in 2018 saw CVC progress to Beta version 1, expanding CVC token transaction capabilities amongst partners and Identity providers. As of today, Civics product is available on the web and mobile app. They’re currently doing open enrollment for service providers and inviting users to submit the information that can be validated on the network. Vinny’s previous ventures include being the founder of a digital gift card platform, gyft, which was acquired by First Data in 2014). He brings over a decade of experience from the E-commerce space, which makes him very familiar with KYC and other identity authentication processes. Vinny and the rest of the executive team are based in San Francisco: Civic Team Members: | Name | Position | Bio | | ---- | -------- | --- | | Vinny Lingham | Co-Founder & CEO | Vinny is a serial entrepreneur who previously founded the digital gift card platform, Gyft, which was acquired by First Data Corporation in 2014. After over a decade of experience in e-commerce, he realized that no one had a universal solution to tackle identity fraud for consumers. | | Jonathan Smith | Co-Founder & CTO | Jonathan has more than 15 years of experience in banking and technology advisory. After a successful career in some of the most complex and security-sensitive environments, Jonathan brings his talent for technology leadership, innovation, and delivery to the world of digital identity. | | Chris Hart | COO | Chris is a collaborative leader and business partner with nearly 20 years of senior finance and IT experience, most recently as the CFO at Guidebook, Inc. and Nextag, Inc. He holds a BA in English and Philosophy from Emory University and an MBA in Finance from the University of San Francisco, where he graduated summa cum laude. | | JP Bedoya | VP of Product & Design | JP has over 15 years of experience developing and designing consumer and enterprise products. He previously served as head of Product Design at The Climate Corporation, overseeing product experience and user research, and VP of Product at LifeLock, where he oversaw consumer products, new member acquisition, and new product development. | | Daniel Kelleher | VP of Engineering | Daniel has over ten years of experience in the fields of finance, e-justice, and blockchain, and holds a PhD in computer science from Trinity College, Dublin. He is dedicated to finding trustworthy, secure, and decentralized technological solutions to improve the lives of people around the world. | | Anna Aubuchon | Director of Business Operations | Anna is passionate about delighting customers, blockchain technology, and startup growth. With a background in business consulting and operations, she has held management positions at Thomson Reuters and Gyft. A trilingual Hong-Kong native, Anna received her BComm from UT Rotman School of Management, with a focus in Management and Economics. | | Mike Marron | Director of Finance & HR | Two decades of finance, accounting, and HR experience working with companies in diverse industries: tech startups, biotech, fashion, architecture, design, commercial transport, marketing, and film production. Committed to collaborating with engaged, thoughtful teams to deliver meaningful services and interesting products to the marketplace. He most recently led finance and HR at Gyft. | | Nancy Li | Director of Marketing | Nancy has over 10 years of experience in marketing, events, and sponsorships. Prior to Civic, she worked at Match Group, one of the largest dating portfolios in the world, and built their Sponsorships and Brand Partnerships programs from the ground up. Nancy is passionate about blockchain, startups, and brings creative storytelling and strategic marketing expertise to Civic. | Overview Civic was co-founded in 2015 by Vinny Lingham and Jonathan Smith. The Civic project is currently headquartered in San Francisco, CA. It is a Blockchain-based Identity management solution that gives individuals and businesses the tools they need to control and protect Personal identity information. The platform is designed to change the way users think about Identity verification services by giving users more control over their personal data while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information. Civic's identity verification solution uses distributed ledger technology to authorize identity usage in real-time and is used to sparingly share information with Civic partners after authorization by the user. Unlike some other identity management services, Civic users store all their sensitive data on their mobile devices. Users are able to authorize the sharing of specific personal data by providing a Biometrics signature through the Civic app. Civic is a Blockchain-based solution that provides each user with more control over his/her private data in a secure manner. Civic provides a mobile application that is available in the App Store and Google Play. With a juicy slogan, Picture a wallet, only better, Civic app is a comprehensive and modern way to store your essentials verified by a Blockchain-based ecosystem. Users can keep their Digital assets (BTC for now and ETH, USDC, CVC in the future) in just one place and manage them whenever they want. In case users lose access to their Cryptocurrency (lost phone, Civic failure, etc.), they will be protected by Civic’s $1 million Cryptocurrency Protection Guarantee. What is more, Civic enables Blockchain-stored identity verification. One can verify his/her identity once and share this piece of information with trustable companies. This means the KYC/AML procedure will no longer take too much time. Civic’s model allows for on-demand, secure, and lower-cost access to identity verification via the Blockchain. Background and personal information verification checks may no longer need to be undertaken from the ground up every time a new institution or application requires one. Civic already has a working identity verification product that is available worldwide. Civic has won the Best New Startup award at the K(NO)W Identity Conference 2017. Example of use: A company offers a free sale of goods, which is only suitable for us citizens. The company collaborates with Civic and provides a QR code (or something like that) that verifies whether the giveaway participants are US citizens. Participants who have account Civic can verify the information using their civic account without providing the documents evidencing that he is a citizen of the United States. Civic Features 1\. Cut out scammers and bots: Thanks to Biometrics comparisons, Liveness checks, and document verification, scammers and spoofers don’t stand a chance. Civic is not just AI-powered, they are human-powered too. 2\. Provide fast\, low\-friction onboarding: Users get verified in minutes from their mobile devices. The support team guides users who don’t automatically pass verification. Civic maximize user's identity verification success rate. 3\. Privacy: When 