Digital identity-proofing company iSignthis announced a partnership with Coinify, whose bitcoin exchange acts as a processor and trading platform for more than 17 blockchain currencies.

Using iSignthis’ AML/CTF KYC services, customers can now use Coinify to instantly purchase bitcoin using a major credit card. To meet AML/CTF regulations for customer due diligence and KYC guidelines, iSignthis helps end users link their identity to bitcoin transactions. According to Coinify CTO Hamed Sattari:

Using iSignthis’ services, we get a strong customer authentication and a smooth KYC process that ties cards to a specific user. This provides us a secure token that can be used onwards for making instant purchases with extended security and PIN code.

Australia-based iSignthis offers a cloud-based identity- and transaction-authentication solution for payment service providers. The company dynamically generates evidence of identity by using multifactor authentication and linking transaction parameters to the form of payment.

iSignThis went public on the Australian Stock Exchange in March 2015 (ASX:ISX). The company presented its platform at FinovateEurope 2015 in London.

iSignthis has successfully placed more than 26 million shares with institutional investors in a capital raise of $10.45 million.

“The funding will enable iSignthis to accelerate growth, and further leverage our market advantage as a superior product with only limited competition,” said John Karantzis, iSignthis marketing director. He says the funding will help the company expand marketing efforts, add to its sales team, and provide working capital for the company while it grows its sales pipeline.

Shares were priced at 40 cents. iSignthis trades on the Australian Stock Exchange under the ticker “ISX.”

Managing Director and CEO John Karantzis demonstrated iSignthis at FinovateEurope 2015 in London.

Originally founded to help merchants fight card-not-present (CNP) fraud, iSignthis provides a cloud-based identity-verification and -authentication platform for payment service providers (PSPs), payment gateways, FIs, card issuers and acquirers, and more. The technology helps businesses meet KYC, AML, and other regulatory requirements, and is available to more than 3 billion customer accounts in 200-plus countries.

iSignthis has bookended 2015 with fundings, previously raising $3 million in January. The company announced a partnership with global workplace credential management firm, TikForce, in October. And in September, iSignthis teamed up with the largest digital currency processor in Europe, Coinify.

Founded in 2013 and headquartered in Melbourne, Victoria, Australia, iSignthis made its Finovate debut at FinovateEurope 2015 in London.