Estonian digital identity verification provider Veriff has won a deal with Estonian mobility platform Bolt to verify its users globally, launching their partnership first in Estonia, France, Latvia, Netherlands, Portugal and Ukraine.
In the mobility sector, one of the most prevalent fraud types is recurring fraud where fraudsters create multiple accounts to use services, Veriff said.
For catching recurring fraud, Veriff uses crosslinking. In other words, if the user has committed fraud before, all the recurring attempts associated with the same person, device, or document are automatically declined.
“Together we power trust and safety online and are supporting Bolt’s next big jump in their ambitious global growth,” said Veriff founder Kaarel Kotkas.
Veriff serves a global portfolio of internet businesses, including fintech companies, sharing economy providers, and marketplaces in the USA, Europe, and other places in the world. Veriff employs over 230 people in Estonia and the United States.
Bolt is the leading European mobility platform with more than 50 million customers in over 40 countries across Europe and Africa. Its services range from ride-hailing to micro mobility with e-scooters and electric bikes to food and package delivery.
“The new partnership with an innovative identity verification provider like Veriff supports our ambition to be the industry leader in safety and quality on our transportation platform,” said Martin Villig, Bolt cofounder.