Hopae

Hopae

Provides verifiable credentials-based digital identity solutions

Overview

Hopae provides digital identity solutions built on verifiable credentials and selective disclosure to share information securely and privately. Its products issue and verify cryptographic credentials that can be selectively disclosed, integrated via customizable SDKs with consulting for compliance. Hopae distinguishes itself through open-source contributions, cryptographic security, and collaboration, including founding the Open Wallet Foundation. Its goal is to enable broad, privacy-preserving, standards-aligned digital identity exchange across diverse ecosystems, generating revenue from SDK licenses and integration/consulting services.

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 & Analytics

Enterprise Software

Cybersecurity

Crypto & 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

  • September 2026 Saudi TCC deal opens government and enterprise channels in Riyadh.
  • August 2026 Mexico INE QR launch expands Hopae Connect into 100-million-user market.
  • July 2026 Brazil CNH verification and April 2026 readiness tool deepen regulated-finance demand.

What critics are saying

  • 2026 revenue depends on eIDAS 2.0 deadlines; delays freeze enterprise buying decisions.
  • Google Wallet, Mastercard, and Signicat pressure Hopae’s distribution and pricing everywhere.
  • 29 employees and $4.33M equity constrain certification, sales, and global support execution.

What makes Hopae unique

  • Hopae Connect unifies 70-plus eIDs and wallets through one compliant API.
  • INCERT partnership positions Hopae as Europe’s first registered eIDAS 2.0 intermediary.
  • Samsung? no, Open Wallet Foundation roots strengthen cryptographic, open-source credibility with governments.

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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

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
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.

Mobile ID World
Apr 30th, 2026
Hopae launches eIDAS 2.0 readiness tool to prepare financial institutions for mobile wallet identity.

Hopae launches eIDAS 2.0 readiness tool to prepare financial institutions for mobile wallet identity. April 30, 2026 Identity verification provider Hopae has released a free eIDAS 2.0 readiness assessment tool designed to help financial institutions prepare for mobile wallet-based identity verification under the EU's updated electronic identification regulation. The online tool generates a compliance readiness score and personalized action plan based on an institution's current identity verification and customer onboarding practices. It evaluates preparedness across areas including digital identity wallet integration, qualified electronic signatures, and remote identity proofing, all capabilities that will need to function on mobile devices under the new framework. The eIDAS 2.0 regulation, formally adopted as the European Digital Identity Framework Regulation, requires EU Member States to offer digital identity wallets to all citizens and residents. These wallets are mobile-first credentials, stored on smartphones and used for authentication and identity verification across sectors. Financial institutions are among the first entities that will be required to accept wallet-based identification for customer due diligence. Hopae's assessment targets banks, payment service providers, insurers, and other regulated entities that must adapt onboarding and verification workflows to accept credentials presented from a mobile wallet rather than traditional document-based checks. The tool identifies gaps in current systems and provides guidance on technical integration requirements. The launch follows a series of market moves tied to eIDAS 2.0 preparation. Signicat unveiled an eID and wallet hub to bridge national eIDs with EU Digital Identity Wallets, and Moldova's EVO mobile wallet has expanded its credential set ahead of a 2.0 launch. The transition carries particular weight for financial services, where anti-money laundering obligations intersect with the new relying-party requirements. Institutions that currently rely on in-branch document checks or web-based onboarding will need to support smartphone-initiated verification flows, accepting digital credentials presented via near-field communication or QR code from a customer's mobile wallet. The assessment also covers qualified electronic attestations of attributes, a core component of the eIDAS 2.0 framework that allows mobile wallets to share verified data points, such as professional qualifications or organizational roles, during financial onboarding. Support for these attestations will be essential for institutions serving cross-border customers within the EU's single market. The readiness tool is available through Hopae's website at eidasreadiness.com and targets institutions beginning compliance planning ahead of implementation deadlines set by the regulation. By the Mobile ID World Editorial Team

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