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Hopae

Provides verifiable credentials-based digital identity solutions

Overview

Hopae provides digital identity solutions focused on verifiable credentials and selective disclosure to enable secure, privacy-preserving data sharing. Its offerings include cryptographically issued and verifiable credentials, with SDKs and consulting to help clients integrate compliant identity verification workflows. The company differentiates itself through an open-source approach, strong cryptographic security, and collaboration with partners and public/private sector clients, and it co-founded the Open Wallet Foundation. Hopae’s goal is to enable broad, standards-aligned digital identity exchange across diverse ecosystems.

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About Hopae

Simplify's Rating
Why Hopae is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & AnalyticsEnterprise SoftwareCybersecurityCrypto & Web3

Company Size

11-50

Company Stage

Debt Financing

Total Funding

$6.5M

Headquarters

Seoul, South Korea

Founded

2022

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Simplify's take

What believers are saying

  • August 2026 launched Mexico INE verification, reaching roughly 80 million eligible users.
  • September 4, 2026 TCC partnership opened Saudi government and enterprise distribution.
  • Hopae added Brazil, India, Philippines, Indonesia, and Google Wallet credentials in 2026.

What critics are saying

  • eIDAS 2.0 deadlines in 2027 force customers to choose competing intermediaries.
  • FIDO, Signicat, and Mastercard can commoditize Hopae's connectivity by 2027.
  • Regulators can mandate direct wallet-to-merchant rails, cutting Hopae out by 2027.

What makes Hopae unique

  • Hopae Connect links 75-plus eID schemes through one API, not document checks.
  • On October 1, 2026, Hopae joined FIDO Alliance's Digital Credentials Working Group.
  • Sarah Clark, hired January 15, 2026, brought Mastercard's global identity network experience.

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Funding

Total Funding

$6.5M

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison Coming Soon

Benefits

  • Unlimited Paid Time Off
  • Remote Work Options

Growth & Insights and Company News

6 month growth

-3%

1 year growth

3%

2 year growth

3%
FinTech Global
Oct 13th, 2026
Hopae joins FIDO Alliance to advance digital identity.

Hopae joins FIDO Alliance to advance digital identity. October 13, 2026 Hopae has joined the FIDO Alliance, the industry body known for developing passkey standards, as it expands its focus to digital credentials and authentication for AI agents. The digital identity provider brings experience connecting more than 75 government-backed and bank-backed electronic identity (eID) schemes across borders. This aligns with the alliance's Digital Credentials Working Group, which aims to improve the interoperability and adoption of digital credentials across platforms and markets. FIDO Alliance executive director and CEO Andrew Shikiar said, "We're pleased to welcome Hopae to the FIDO Alliance. Their experience connecting more than 75+ eID schemes across borders speaks directly to the interoperability challenges our Digital Credentials Working Group is addressing, and we look forward to their contributions." Over the past decade, the FIDO Alliance has brought together more than 300 technology companies, financial institutions and government organisations, including Google, Amazon, Microsoft, Mastercard and Visa. Its work has focused on replacing passwords with simpler and more secure authentication methods. Passkeys are now used across billions of accounts and supported by major platforms. Digital identity is evolving beyond passwordless authentication as initiatives such as the EU Digital Identity Wallet, mobile driving licences, decentralised identity models and emerging ISO standards reshape how people prove their identities online and access services. The European Union is progressing plans for digital identity wallets across its 27 member states, while national schemes such as Aadhaar in India, Singpass in Singapore and UAE PASS in the United Arab Emirates demonstrate how government-backed digital identity systems are being deployed at scale. Making these credentials usable across different services and jurisdictions remains a challenge. The FIDO Alliance's Digital Credentials Working Group is developing approaches intended to support interoperability, including wallet certification, technical specifications and usability guidance. The goal is to make digital credentials easier to adopt and trust, building on the collaborative approach used to advance passkeys. The alliance is also examining authentication for agentic AI. As AI agents begin carrying out tasks and potentially initiating payments on behalf of people, questions are emerging around how to verify an agent's authority and link its actions to an authenticated individual. FIDO has established Agentic Authentication and Payments working groups to explore these issues. Hopae argues that digital identity systems need a trusted infrastructure layer connecting different schemes, allowing businesses and other relying parties to accept credentials issued in different countries and environments. Without this interoperability, identity systems risk remaining fragmented, limiting their usefulness in cross-border transactions and services. The company's Hopae Connect platform links more than 75 government-backed and bank-backed eID schemes with businesses internationally. Hopae said its experience has highlighted the need for connective infrastructure between identity issuers, digital wallets, verifiers and relying parties across jurisdictions and industries. By joining the FIDO Alliance, Hopae intends to contribute this cross-border perspective to discussions about making digital credentials more widely usable and developing authentication approaches for emerging AI-driven services. Enjoying the stories? Investors. The following investor(s) were tagged in this article.

Renascence
Sep 10th, 2026
Hopae expands digital identity network to Saudi Arabia and Mexico.

Hopae expands digital identity network to Saudi Arabia and Mexico. Hopae has added Saudi Arabia and Mexico to its cross-border digital identity network, extending interoperable identity verification into two new markets. What happened. Hopae has expanded its cross-border digital identity network through new deals in Saudi Arabia and Mexico, extending the reach of its identity verification infrastructure beyond its existing footprint. The move adds two more markets to a network designed to let digital identity credentials work across borders and jurisdictions. According to Biometric Update, the agreements bring Hopae's interoperable identity model into two markets that sit at different stages of digital identity maturity - Saudi Arabia, where government-backed digital ID initiatives are advancing as part of broader digitisation programmes, and Mexico, where identity verification is increasingly central to financial inclusion and public-service delivery. Details of the specific partners and technical integration were not disclosed in available reporting. Why it matters. Digital identity is one of the foundational layers of digital transformation: without a trusted, interoperable way to verify who someone is, governments and businesses cannot fully digitise services such as banking onboarding, healthcare access, benefits distribution or cross-border travel. Hopae's expansion signals a continuing push toward identity networks that work across national systems rather than being confined to a single country's infrastructure - a capability that matters as more services move online and as regulators push for stronger, verifiable identity checks. For organisations building digital services in the Gulf, Latin America or other emerging digital-identity markets, this points to growing momentum behind interoperable identity rails as an alternative - or complement - to purely domestic schemes. The renascence take. Identity infrastructure rarely makes headlines the way flashy AI launches do, yet it is the plumbing that determines whether a "seamless digital experience" is actually possible. Every friction-free onboarding flow, every frictionless cross-border payment, ultimately depends on somebody having solved the unglamorous problem of proving who someone is, reliably and repeatably. Most organisations treat identity verification as a compliance checkbox rather than a core experience decision - and that's precisely the mistake. The choice of identity infrastructure shapes onboarding drop-off rates, trust perception and how easily a customer can move between services and borders. Operators expanding into markets like Saudi Arabia or Mexico should treat identity partnerships as a service-design decision, not just a back-office integration, because the verification moment is often the first real impression a customer has of how much friction - or trust - an organisation is willing to build into its systems. This briefing was written by its Newsdesk, synthesising reporting from the outlets below. Follow the links for the original coverage. Questions Renascence get on this topic. Hopae has expanded into Saudi Arabia and Mexico, adding both countries to its existing cross-border digital identity network according to reporting from Biometric Update. More in General Stay ahead of CX Get the signal, not the noise. The stories shaping customer experience - plus the Journal and Experience Loom - in your inbox.

FinTech Global
Sep 4th, 2026
Hopae and TCC bring global eID checks to Saudi Arabia.

Hopae and TCC bring global eID checks to Saudi Arabia. September 4, 2026 Hopae and Technology Control Company (TCC) have signed a partnership agreement to accelerate the adoption of global electronic identities (eIDs) across the Kingdom of Saudi Arabia. The deal was signed at the TCC pavilion during LEAP 2026 in Riyadh, the Kingdom's flagship technology event. Under the terms of the agreement, TCC will introduce Hopae Connect, the company's global eID verification hub, to government entities and enterprises throughout Saudi Arabia. The platform links more than 70 government-issued eIDs and digital identity wallets through a single, compliant API, giving Saudi organisations the ability to verify individuals using the trusted digital identity of their home country rather than relying on document-based checks. Saudi Arabia attracts visitors from across the globe for business, employment, tourism and pilgrimage, and digital identity underpins every service made available to them. The partnership is designed to allow the Kingdom to recognise and verify identities from around the world while keeping its own national identity infrastructure entirely sovereign. Hopae was founded to give people the ability to use an identity they already hold and trust in any country they visit, rather than requiring separate verification systems for each jurisdiction. TCC brings deep expertise in identity management and secure digital solutions within the Saudi market, positioning the pair to jointly extend eID verification capability to organisations across the Kingdom. Beyond the rollout of Hopae Connect, the partnership includes joint training and solution workshops between the two companies, along with the co-development of use cases built specifically for the Saudi market. The agreement also sets out a route to bring these jointly developed solutions to market through TCC's existing customer network. The tie-up extends Hopae's partner network, which already spans leading identity verification and trust service providers across North America and Europe, into the Middle East for the first time. Hopae founder and CEO Jaehoon Shim said, "Digital identity is rarely noticed until it is missing, yet it sits beneath every enterprise, every institution and every welcome extended to someone who has travelled far to receive it. With TCC, we are bringing the world's digital identities to Saudi Arabia at the moment the Kingdom is drawing the world toward it. This is what Hopae was built for: letting people use the identity they already trust, wherever they go." TCC general manager of identity management Ahmed Saleh Almaiman said, "This partnership builds on TCC's ongoing efforts to advance our capabilities in digital identity and to strengthen the integration of technologies and expertise." Enjoying the stories? Investors. The following investor(s) were tagged in this article.

RegTech Analyst
Aug 19th, 2026
Hopae bets on Mexico with new INE verification tool.

Hopae bets on Mexico with new INE verification tool. August 19, 2026 Hopae, the digital identity verification platform, has launched INE QR eID verification for Mexico, extending Hopae Connect's global coverage to more than 70 electronic identity documents through a single API. The launch gives businesses operating in Mexico direct access to the country's national voter identification credential, INE, which covers roughly 100m eligible adults, with the new QR-based check unlocking verification for an addressable pool of 80m users. Hopae said the integration is built on INE's latest and most secure credential generation, introducing cryptographic validation of the document itself rather than relying on photo or visual inspection alone. The company described this as establishing a genuine root-of-trust check, closing gaps that appearance-only checks can miss. Hopae positioned the release as future-proof, noting that the system is designed to remain compatible with Mexico's forthcoming biometric CURP rollout. The company said the deterministic, cryptography-based approach cuts fraud risk while reducing onboarding friction, since end users are not required to take extra steps to complete verification. Hopae added that the new check lowers the cost of trust for businesses by replacing manual or photo-based document reviews with automated, instant verification. The integration can be deployed flexibly, according to Hopae, either as an additional layer within existing regulated know-your-customer and anti-money laundering workflows, or as a standalone option for non-regulated use cases. It is also designed to work alongside other identity tools already in use, such as facial matching and liveness detection. Hopae Connect is the company's identity verification platform, used by businesses to authenticate customers across multiple markets through a single integration point. Hopae framed the Mexico launch as part of a broader push to deepen its presence across Latin America, pointing to the region's expanding digital economy as a key reason global companies are prioritising expansion there. Enjoyed the story?

FinTech Global
Jul 22nd, 2026
Hopae targets Brazil's 65m digital IDs with CNH launch.

Hopae targets Brazil's 65m digital IDs with CNH launch. July 22, 2026 Hopae has unveiled a real-time verification service for Brazil's digital driver's licence on its Hopae Connect platform, pairing encrypted QR code decoding with facial biometric matching checked against official government records. The new offering allows companies to confirm a licence's authenticity in three ways. First, the platform decrypts the official QR code on the CNH at string level, pulling registration details such as the holder's name, CPF number, birth date, parents' names, licence category, registration number, expiry date, first-licence date and issuing state directly from the certified credential rather than relying on information typed in by a user. Second, a live selfie is measured against the photograph held in official licensing records, producing a similarity score and confidence rating to establish that the individual presenting the licence genuinely owns it. Third, the decoded details are cross-referenced with Brazil's national identity bodies, including the tax authority and the National Traffic Secretariat (SENATRAN), to confirm both the document and its underlying demographic data remain valid. Brazil represents one of the largest identity ecosystems globally, with upwards of 200 million CPF records, more than 85 million people registered through the driver's licence system and over 65 million digital CNH credentials in use. Because QR codes became compulsory on all new CNHs from 1 May 2017, and licences issued without them would ordinarily have lapsed by mid-2022, nearly every valid licence in circulation today can be verified through the service. Hopae provides identity verification infrastructure through Hopae Connect, a single API designed for regulated, high-stakes use cases. The company said its workflows meet string-level assurance standards while complying with the EU's GDPR and Brazil's LGPD, with consent, data minimisation and privacy-by-design embedded throughout. The launch signals the beginning of a broader expansion into Latin America, where sectors such as FinTech, crypto, online gambling and identity verification providers are scaling quickly and require compliant onboarding tools. Hopae positions Brazil, given its size and digital identity maturity, as the natural first market, with ambitions to become the identity layer underpinning the region's growth. The service is available now, targeting regulated financial services, mobility and ride-sharing platforms and other trust-critical applications, replacing manual document reviews with instant, government-backed checks. Investors. The following investor(s) were tagged in this article.

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