Innov8tif

Innov8tif is a Malaysia-based AI company specializing in ID verification (IDV) technology for e-KYC and anti-fraud processes, as well as customer onboarding process automation. The company, founded in 2011, has gained recognition through various accolades including the Red Herring Top 100 Asia Award in 2014, the 2015 CIMB Bank’s InnoChallenge, and the CIOReview magazine's "20 Most Promising Sales Management Solution Providers" in 2016. Their EMAS eKYC product received a Merit award for B2B Fintech at the International APICTA Awards in 2019, and the Platinum Award for Best Innovation at the Star Outstanding Business Awards 2020. Innov8tif serves key customer segments in the telecommunication industry, BFSI, investment firms, and government. Besides its direct business footprint in Malaysia, Singapore, and Indonesia, the company also works with partners in ASEAN countries. The company places a strong emphasis on long-term relationships, which is evident in its multi-year contracts with prominent businesses. As a R&D focused company, Innov8tif boasts several patented and patent pending document authentication technologies. In 2023, Innov8tif Solutions Group merged with Xendity Sdn Bhd, forming the Innov8tif Group, enhancing its market position. Although specific information about the last investment round and investors is not available, the company’s growth and technological achievements position it as a noteworthy player in the B2B financial technology sector in the Asia Pacific region.