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General Information

Websitemiicard.com/tour
Blogmiicard.com/blog
Twitter@miicard
CategorySecurity
Phone0845 119 3333
Email
Employees8
DescriptionOnline identity made easy

Offices

Edinburgh, GBR
5 Gayfield Square
Edinburgh, EH1 3NW, GBR

People

CEO & Founder
CTO

Former People

Funding

TOTAL $3.39M
VENTURE FUNDING TOTAL $3.39M
Seed, 9/11
IQ Capital Partners
£550k
Seed, 4/12
New Wave Ventures
IQ Capital Partners
Par Equity
$2.5M

Tags

miiCard

miiCard is a user-centric federated online Identity verification service, a digital passport, enabling for the first time pure online validation that you are who you say you are.

Empowering for the first time the execution of all financial transactions purely online and in real time, miiCard will become a standard, a digital passport, that supports consumers traveling the Internet. Above all, miiCard establishes a new level of trust between vendors and consumers in a digital marketplace.

The internet world facilitates anonymity not trust. Our challenge today when conducting business, fighting fraud and protecting the consumer is to create trust between business and consumer without resorting to physical offline identity validation.

Every day between 70% and 90% of online financial transactions are abandoned. This happens the moment the customer is asked to complete the transaction offline by taking their driving license, passport or utility bill into their local bank branch.

This offline stage, responding to Anti Money Laundering, Know Your Customer Regulations and the Proceeds of Crime Act, is a massive barrier to global trade and the market demands its elimination.

miiCard introduces the concept of online trust for the first time, allowing customers to buy financial products completely online.

miiCard is a digital passport for the consumer that proves I am who I say I am in real time to anti-money laundering standards and Know Your Customer Regulations and proceed of crime act without the need for physical ID.

Owned and managed by the individual, miiCard allows the consumer to track, monitor and so take control of their online identity.

miiCard will improve conversion rates, cut operational costs and fight internet fraud.

miiCard is free for an individual to use with a vendor, allowing individuals to signup and use your miiCard to buy or access products and services on sites accepting miiCard identities.

To use miiCard to prove you are who you say you are to others, such as on social networks or online auction and classifieds sites, you can activate your public profile page by subscribing to the service for USD $1.99 per month or $19.99 per year.

Vendors are charged on a per-user transactional basis and setup fee. miiCard is a patent pending global solution, developed to anti-money laundering standards with support and assistance from Microsoft.

miiCard supports the United Kingdom, United States, Canada, Australia, New Zealand, South Africa and India.

Milestones

  • Check
    miiCard added Stuart Fraser as CTO.
    Posted 10/21/11 at 9:30am
  • Check
    miiCard added James Varga as CEO & Founder.
    Posted 10/20/10 at 3:03am
  • Dollar
    miiCard received $2.5M in Seed funding. (4/30/12)
    Posted 4/30/12 at 5:47pm via techcrunch.com
  • Dollar
    miiCard received $869k (£550k) in Seed funding. (9/15/11)
    Posted 9/15/11 at 3:32am via finsmes.com
  • Check
    miiCard — miiCard appoints financial experts to the board (9/12/11)
    Posted 9/14/11 at 2:49am via bit.ly
  • Check
    miiCard — miiCard, the revolutionary digital passport, announced today that it has closed its first funding round and completed a management buyout with James Varga appointed CEO and Founder. Raising a total of £550K seed funding from VC, angel and the public sec (9/1/11)
    Posted 9/2/11 at 1:38am via bit.ly
  • Check
    miiCard — Banking innovation and the fight against Internet fraud moves forward today with digital identity company miiCard’s announcement of a strategic development and distribution relationship with Yodlee, Inc., the leading provider of online and mobile person (10/28/10)
    Posted 11/2/10 at 12:45am via miicard.com

Videos

Above:

miiCard Demo

Added: 11/7/11
Above:

miiCard Tour

Added: 2/24/12

Screenshots

miiCard screenshot
Above: miiCard virtual Identity card
Uploaded: 12/4/11
miiCard screenshot
Above: miiCard public profile
Uploaded: 12/4/11

Products

Digital Passport

Get an invitation to this site from InviteShare here!
Websitemiicard.com
Blogmiicard.com/blog
StageBeta
Tags online-identity-verification-service, digital-passport, digital-verification, online-identity, digital-id, digital-identity, identity-management, online-identity-management, identity-verification, idv, id-verification
miiCard screenshot
Above: miiCard Account Overview
Uploaded: 2/24/12

Videos

Above:

Digital Passport miiCard to Change how we Trust Online

Above:

How miiCard’s online identity verification works

Sources

  1. miiCard Closes £550K First Funding Round (finsmes.com) [edit]
  2. Internet Identity System MiiCard Raises $2.5M To Help You Prove You Are Who You Say You Are Online (techcrunch.com) [edit]
  3. miiCard Announces Strategic Relationship with Yodlee to Deliver Digital Passports (miicard.com) [edit]
    miiCard closes first funding round and completes MBO (bit.ly) [edit]
    Finance experts join miiCard board to boost digital passport growth (bit.ly) [edit]
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Last Edited 5/3/12

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