Draft:Accredify
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Accredify Pte Ltd is a cloud-based Software-as-a-Service (SaaS) company headquartered in Singapore. It provides an end-to-end platform for creating, issuing, and authenticating tamper-proof digital credentials.[1]
History
[edit]Accredify was established in 2019 by Quah Zheng Wei, Shaun John Cheetham, Edmund Chew, and Derrick Lee. In 2020 and 2021, the company raised a total of USD 2.6 million across seed and bridging rounds, with investment from Qualgro, LuneX Ventures, Endeavour Ventures, K2 Global, Pavilion Capital, and DeFinance Capital.[2] In April 2023, Accredify raised USD 7 million in a Series A funding round led by iGlobe Partners and SIG Venture Capital, with participation from Pavilion Capital and Qualgro.[3] In March 2024, the company received additional funding from Okta Ventures.[4]
Operations
[edit]Accredify's core product is a document management platform that allows users to create and authenticate tamper-proof digital documents. The technology incorporates blockchain-based authentication and is used across sectors such as education, healthcare, corporate services, defence, and aviation.[5][6]
Notable Projects and Contributions
[edit]In 2020, Accredify collaborated with Singapore’s Ministry of Health and Ministry of Manpower to issue tamper-proof digital discharge memos for migrant workers recovering from COVID-19.[7]
In 2021, it co-developed HealthCerts, Singapore’s national standard for digital COVID-19 swab results, with GovTech, the Ministry of Health, and Temasek.[8][9][10] The standard was adopted by Singapore Airlines for pre-departure testing verification.[11]
In 2023, Accredify worked with the Accounting and Corporate Regulatory Authority (ACRA) to launch trustBar, a blockchain initiative to enhance business transparency within the country.[12]
In 2024, Accredify partnered with Singapore’s National Healthcare Group (NHG) to launch the NHG Cares Partners Portal, a platform to coordinate healthcare and social services.[13]
Awards and Recognition
[edit]Accredify has been listed in HolonIQ’s “Top 50 Southeast Asia EdTech Firms” from 2020 to 2023.[14][15][16][17]
In 2022, it received the "Blockchain – Education" award from the Singapore Business Review Technology Excellence Awards,[18] and was named one of the top two EdTech startups at the 2022 G20 Bali summit.[19] Other awards in 2022 included “Startup Leader of the Year (Web 3 Disruptor)” from the Origin Innovation Awards[20] and two Channel Asia Innovation Awards.[21]
In 2023, Accredify was awarded the President’s Certificate of Commendation (COVID-19) by Singapore’s President Halimah Yacob.[22] The company was also included in Forbes Asia 100 to Watch,[23] and won multiple industry awards, including “Most Promising Innovation (Gold)" at Singapore's Infocomm Media Development Authoritiy's SG:D Techblazer Awards.[24] Accredify was also recognised as Overall Champion at GITEX's Supernova Challenge.[25][26][27]
In 2024, Accredify received the AWS Local Software Partner of the Year award[28] and the “Challenge Owner” and “Audience” awards from the Singapore-Japan Fast Track Pitch.[29]
References
[edit]- ^ "Accredify 2025 Company Profile: Valuation, Funding & Investors | PitchBook". pitchbook.com. Retrieved 2025-04-14.
- ^ "Accredify - 2025 Funding Rounds & List of Investors - Tracxn". tracxn.com. 2025-04-10. Retrieved 2025-04-14.
- ^ Ting, Yong Hui (2023-04-20). "Digital verification platform Accredify raises US$7 million in Series A led by iGlobe Partners". The Business Times. Retrieved 2025-04-14.
- ^ Sainul. "Verifiable digital identity startup Accredify raises strategic funding from Okta Ventures". e27. Retrieved 2025-04-14.
- ^ CompWorth. "Accredify: Revenue, Worth, Valuation & Competitors 2025". CompWorth. Retrieved 2025-04-14.
- ^ Reporter, Staff (2022-05-11). "Accredify nabs SBR Technology Excellence Award for Blockchain - Education | Singapore Business Review". sbr.com.sg. Retrieved 2025-04-14.
- ^ "Coronavirus: Tracking workers' health with mobile apps, wearable devices". The Straits Times. 2020-08-12. ISSN 0585-3923. Retrieved 2025-04-14.
- ^ Pillai, Sharanya (2021-02-26). "Covid-19 HealthCerts to ease travel; Smart Nation push continues with new cloud migration target". The Business Times. Retrieved 2025-04-14.
- ^ "New HealthCerts scheme to issue digital Covid-19 test certificates & ensure smooth cross-border travel". mothership.sg. Retrieved 2025-04-14.
- ^ "Singpass in Healthcare use cases and GovTech's HealthCerts". Singapore Government Developer Portal. 2025-04-14. Retrieved 2025-04-14.
- ^ "The medical record you can't lose". MOH Office for Healthcare Transformation. Retrieved 2025-04-14.
- ^ www.ETCIO.com. "Accredify collaborates with Singapore's Accounting and Corporate Regulatory Authority - ET CIO SEA". ETCIO.com. Retrieved 2025-04-14.
- ^ "NHG Cares Partners Portal aims to integrate health and social ecosystem". govinsider.asia. Retrieved 2025-04-14.
- ^ "2020 Southeast Asia EdTech 50. Where are they now?". www.holoniq.com. Retrieved 2025-04-14.
- ^ "2021 Southeast Asia EdTech 50". www.holoniq.com. Retrieved 2025-04-14.
- ^ "2022 Southeast Asia EdTech 50". www.holoniq.com. Retrieved 2025-04-14.
- ^ "2023 Southeast Asia EdTech 50". www.holoniq.com. Retrieved 2025-04-14.
- ^ Reporter, Staff (2022-05-11). "Accredify nabs SBR Technology Excellence Award for Blockchain - Education | Singapore Business Review". sbr.com.sg. Retrieved 2025-04-14.
- ^ antaranews.com (2022-09-04). "Indonesia awards best startups at closing of G20 DIN event". Antara News. Retrieved 2025-04-14.
- ^ Racoma, J. Angelo (2022-12-06). "Accredify's Quah Zheng Wei on a trustless future with Web3 [ORIGIN Innovation Awards Q&A]". TNGlobal. Retrieved 2025-04-14.
- ^ "Channel Asia Innovation Awards 2022: and the winners are..." Channel Asia. Retrieved 2025-04-14.
- ^ chua_cheng_gee (2023-09-29). "PMO | Recipients". Prime Minister's Office Singapore. Retrieved 2025-04-14.
- ^ Team, Forbes Asia. "Forbes Asia 100 To Watch 2023". Forbes. Retrieved 2025-04-14.
- ^ "14 Winners at Techblazer Awards 2022 Ceremony". Infocomm Media Development Authority. Retrieved 2025-04-14.
- ^ "Supernova Challenge Pitch Competition". GITEX Impact. Retrieved 2025-04-14.
- ^ Star, Expand North. "Accredify from Singapore beats 260 startups to win the 2023 Supernova Challenge". www.prnewswire.com (Press release). Retrieved 2025-04-14.
- ^ SAP.iO (2023-10-19). "Accredify beats 260 startups to win 2023 Supernova Challenge • SAP.iO". SAP.iO. Retrieved 2025-04-14.
- ^ "Announcing the Regional 2024 AWS Partner Award Winners in ASEAN | AWS Partner Network (APN) Blog". aws.amazon.com. 2024-06-03. Retrieved 2025-04-14.
- ^ "【GLOBAL topics】NTT Digital、「日シンガポール・ファストトラック・ピッチ2024」に参加！スタートアップと共にマスアダプションの足掛かりを｜株式会社NTT Digital". note（ノート） (in Japanese). 2024-08-13. Retrieved 2025-04-14.
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