FINEMA

Finema is a facilitator of Digital Identity Infrastructure by providing next-gen Enterprise Identity Solutions to Corporate and Government agencies.

Following our first year of operation in 2019, we have begun generating profit and achieving operational efficiency since 2020. Our annual revenue has dramatically increased from $70,000 in 2019, $350,000 in 2020, $1M in 2021 and $5M in 2022.

Paper credentials and current digital credentials (usernames & passwords) are easily subject to fraud and theft, but they are also highly inefficient in today’s digitalized world. Hence, there is an urgent need to authenticate a user securely while also bringing ownership of information back to the user.

Finema offers digital credentials—following the W3C verifiable credential standard—that is tamper-proof and can be verified instantly, facilitating frictionless digital transactions. Our digital credentials are used in an equivalent manner to traditional paper credentials while gaining extra security and privacy.

Our business model is primarily B2B on a subscription and transactional model, and B2G on a project-based model. Additionally, we also have other viable revenue streams from System Integrators, integration with global platforms such as Microsoft, IBM, and partnerships.

Our products are used in various industries such as Education, Health, Insurance, Finance, and the Public Sector. We sell our product in the form of perpetual licensing and our pricing models depend on parameters such as Server, Users, Usage, and Transactions.

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