Company News

Digital identity citadel scores pre-seed funding

July 5, 2022

Arbor Steel, which claims to be the ultimate digital identity citadel, has raised £200,000 in pre-seed funding, following the launch of its platform to market.

With the capital, the company is looking to build revenues at pace, beginning with professional and financial services firms for personal use of as a member of a charity, board or trust.

Arbor Steel was founded by Edward Goodchild after years of client frustration when sharing personal information to verify their identity, often over insecure, unencrypted emails. Goodchild saw a need for a solution that enables individuals to control how their data is stored and used.

The platform combines identity verification and authentication, secure messaging and data storage in a single platform.

Arbor Steel founder and CEO Edward Goodchild said, “Whether you rent a flat, sell a house, write a will, apply for a loan, make a personal investment, or have been a board director, you need to communicate and safely share sensitive personal data. Email is high risk and low security but it is the current default option. Clients rightly demand more and so they should.

“Arbor Steel is designed to turn this broken process on its head, providing everyone with an affordable and secure platform from which to maintain authority and control over their sensitive data whilst getting things done efficiently. In an always-on, digital world no-one can leave their privacy to chance, so stay safe online with your own secure digital citadel.”

The platform was developed following a £100,000 InnovateUK Grant.

Source: https://member.fintech.global/2022/04/21/digital-identity-citadel-scores-pre-seed-funding-regtech/