Make your onboarding process safer, faster, and smarter by verifying if your merchants are registered with the Registrar of Companies, and are registered with the same details that you expect.
With the MCA Verification API, you can now confidently onboard merchants knowing that they are authorized and registered with the RoC.
Eliminate fraudulent merchants at the start of the onboarding process
Auto approve clean merchants through automation
Minimize time spent in manual reviews
Provide either CIN or company name as input, and you’ll receive multiple data points that help you mitigate the risk of the merchant.
Verification is done against Government sources
Verification only requires one input - either the CIN or the company name
TAT of the API is very low, enabling real time verifications
API structure is straightforward, enabling super quick integrations
In order for lending companies to confidently lend to merchants/entities, the MCA Verification API helps to validate the genuineness of the entity, thereby reducing the risk of lending to these entities.
In order for e-com or aggregator companies to onboard merchants or entities on their platform, the MCA Verification API helps provide them the faith that the merchant is not fraudulent.
"We are happy to partner with IDfy and its team at a time when we are re-imagining the future of the industry."
Arvind Ronta
"IDfy's solution is a unique set of products & services solving the ubiquitous problem of identity & employment fraud.”
Aman Gour
Data is encrypted for security in motion and at rest
IDfy has been certified by BSI to ISO 27001
IDfy always uses 256-bit SSL encryption on all devices
IDfy is SOC 2 Type II compliant
Verifies the bank account details of a user using penny drop mechanism.
Allows you to obtain and cross-verify GST details using the GSTIN.
Extracts details from an image of GST certificate in real-time.
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"The checks and verifications built in IDfy's platform help us identify and prevent fraud at source to a large extent.”
Kirti Patil CTO, Kotak Life Insurance