Some provider alternatives and observations:

*Note: I am assuming we need full identity and regulatory compliance similar to an exchange. We may not need to be so stringent.

Traditional KYC Providers, all of these have explicit crypto verticals:

• https://sumsub.com/: Of the traditional providers, this is the one that seems to have it all best put together. MIght be overkill
  • Claims 50 second verification time
  • 220 countries territories
  • mobile app (FWIW)
  • Pricing: “call us for it” (I hate that)
  • Notable clients:
    • salesforce
    • scalable
• https://www.veriff.com/
  • Claims 6 seconds verification
  • 95% success rate on first try
  • The only one to note Metaverse as a dedicated vertical
  • Does not specify the number of countries covered, but claims “11K documents covered”
  • Pricing: cheapest at 1.49 per verification with a min of $50 per month
  • Notable clients:
    • Uphold
    • blockchain.com
• https://www.alloy.com/:
  • Can’t find a lot of info. My impression is that this does more than KYC and instead pools different data sources (including KYC) for risk profiling and transaction monitoring.
  • Notable clients:
    • Brex
    • Gemini
    • Ramp
• https://www.trulioo.com/:
  • 195 countries
  • No stats on speed or success rate
  • No info on price (call us)
  • Notable clients:
    • Binance
    • Stack
• https://www.vouched.id/
  • No info on performance
  • 150+ countries, 1000+ documents identified
    • Can learn new IDs
  • Pricing:
    • cheapest (only ID verification) at $0.5 per verif with a monthly fee of $250
    • Complete address, DMV check and risk score: $2.50 per verif, no monthly fee
  • Notable clients:
    • Hims
    • Rentify
    • BHG
    • … Alloy

Web3 Providers: I don’t think web3 is the way to go for us as the user has to do the work in advance. We can’t white-label this and make it part of our flow for us to eat the cost.

• https://pass.hashbon.com/: It doesn’t serve the US.
  • Their Tokenized Web3 Pass allows the user to stay anonymous after verification
    • I wonder which traditional one does the verification behind the scenes?
      • Found it: Sumsub
  • It would take users outside our flow or ask them to create their “passport” ahead of time
  • How well recognized is this worldwide? Will it stick around?
  • Notable clients:
    • Polygon
    • Apeswap
• https://kycdao.xyz/home: also requires the user to do the work ahead of time. Loses a lot of points because of their awful spelling errors on a public-facing site (😛)
  • Should roll out their full suite of products in the next month or two.