authID Inc. operates a global Identity as a Service (IDaaS) platform, delivering a comprehensive suite of secure, mobile-friendly, and biometric identity solutions. This platform enables users to verify and authenticate their identity via a mobile device or a camera-equipped desktop computer. Among its core IDaaS offerings, authID Inc. provides: VERIFIED: A multi-factor authentication (MFA) system designed to offer both secure and convenient identity verification and transaction consent. PROOF: A service that establishes a trusted user identity by utilizing chip-based electronic machine-readable travel documents, national IDs, and driver's licenses, along with direct validation from national registries and other international databases. AUTHENTIFID: A solution facilitating passwordless logins and transaction authentication through FIDO2 standards, securely linked to a verified identity. IDENTITY – PORTAL: A tool that allows enterprises to enroll new customers directly through the Ipsidy portal. The company also offers specialized products like SEARCH, which is biometric matching software for desktop fingerprint capture and image processing, and CARDPLUS, providing secure plastic identity credentials and loyalty card products. Furthermore, authID Inc. extends its portfolio to include payment processing solutions. This encompasses TRANXA, a versatile, multi-application payment gateway and switch that caters to both online retailers and physical merchant locations. It also provides an automated kiosk application and its associated backend management system, which is particularly integrated with public transit ticketing systems. Founded in 2009, the company was initially known as Ipsidy Inc. before rebranding to authID Inc. Its corporate headquarters are located in Denver, Colorado.
authID Announces $2 Million Agreement with the EinStrong Foundation
authID announced a $2 million licensing, services, and support agreement with the EinStrong Foundation to power biometric identity verification for its direct cash-transfer programs.
EinStrong paid $1 million for a non-exclusive technology license and committed an additional $1 million for new biometric de-duplication functionality and engineering support.
CEO Thomas Szoke also disclosed monthly cash operating expenses have been cut roughly 40% versus Q1 2026, giving the company greater operating leverage heading into Q4.
The deal deepens a two-year relationship with EinStrong, which uses authID's platform to ensure donor funds reach only eligible recipients.