Industry

Technology

Company Type

SaaS,Cybersecurity,Identity Authentication,Fintech

Size

$50 Million

Investment Type

Equity

 

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Tamara Williams

twilliams@castleplacement.com

+1(385) 600-1871

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Q5id

Q5id

Overview

 

Q5id Inc. (Q5id) is seeking $50 million to further develop and monetize its patented, comprehensive identity authentication technology.

 

Eliminates cumbersome authorizations (e.g., passwords, user ID’s, MFA, etc.) in a safe and secure manner


Proven self-managed identity enrollment and authentication solution


Biometrically enabled digital identity enrollment and authentication


Delivers proven and secure digital identity, reducing identity theft and the impact of data breaches


Helps prevent ransomware

Q5id

 Key Highlights

Tried and Tested
The Q5id Solution was rigorously developed and tested with U.S. Bank, and approved for use by the bank’s Technology Group


Competitive Differentiation
Most comprehensive solution available


Scalable
SaaS business model with simple product line extensions

Goal
Become the largest biometrically enabled identity database in the world


Highly Experienced Management
Extensive start-up, B2B, B2G, and B2C experience – CEO/Founder’s first company sold for $150 million with significant IRR to investors


High Growth Market
Identity tech had the highest industry valuation increase for 2021 (Cybersecurity and Fintech were #2 and #3) as per Pitchbook

Q5id

Opportunity

 

Market Growth: 

Cybercrime is expected to increase ​15% annually, costing the world more ​than US $10.5 trillion by 2025


Total Available Market (TAM): 

The TAM was US $9.4 Billion in 2021; ​projected at US $42 billion by 2030


Biometric Usage: 

Customer demand for biometric usage is rapidly growing; industries are putting enormous resources into biometric technologies


The Need for Value Addition: 

With the advancement of biometric usage, outdated modes of authentication such as passwords and knowledge-based assessments should take a lower place in the technology hierarchy

Q5id

 Solution Strategy

Q5id provides a patented, comprehensive mobile platform that saves businesses from fraud loss.

 

Reducing ID Theft/Data Breaches:
Q5id is the first solution to offer “Free of Fraud Risk” – even in possession of all your personal information, fraudsters are made powerless


Benefit to Consumers:
Q5id has created the first solution (as envisioned by the EU’s Sovereign Identity concept) where the consumer has control of their own identity, pioneering a new industry –Universal Proven Self-Managed Identity and providing peace of mind

Prevents all Tactical Identity Fraud:
Prevents all the tactics used by identity fraudsters to protect a person’s proven identity during transactions and interactions


Savings:
The Q5id solution are expected to save businesses billions of dollars in ID fraud losses annually


Comprehensive Solution:
Includes companion products like Guardian to protect your family and opens the door to eliminate current forms of authorization

(e.g., passwords, user ID’s, MFA, etc.)

Q5id

Competitive Advantage

Q5id stands alone as the only provider of a comprehensive Universal Proven Self-Managed Identity Solution that eliminates fraud loss


Expects to introduce companion products like Guardian and other value-add services that protect individuals and their families – not offered by competitors


Q5id has the most robust solution to eliminate current forms of Authorization (e.g., passwords, user ID’s, MFA, etc.)

Q5id

Process

 

Q5ID Patented One-Time Enrollment Process

Augments medium trucks of less than full truck loads for time sensitive deliveries

Q5id

Customer Pipeline

Bank and Financial Institution Active Pipeline

 

40 companies in the pipeline, but focused on selected priority targets such as:

 

  

The bank’s New Technology Group has officially signed off and approved Q5id for use by the bank. Moving forward with integration into US Bank’s KYC process with technical engagement to begin in Q2

 

Working with executive team on moving forward with a proof of concept to help JPMC reduce losses related to identity theft and fraud

2,000 banks and Credit Unions. Starting with their banking platform (Banno) and their Credit Union platform (Symitar). In progress.

Deployed at over 1,000 credit unions and is used at over 15,000 automotive dealerships. In progress.

Q5id

        Strategic Partnership

Partnership with Sinclair Broadcast Group

 

Sinclair Broadcast Group is an equity contribution to Q5id

3-Year Agreement & Media commitment to ramp up to full coverage in all 86 markets


Enables Q5id to become the most recognized brand in proven self-managed identity and to generate rapid traction with the Guardian Program


Estimated $150M+ in affiliate media value with Billions of Impressions over 3 years


Focused on generating at least 2 million Guardian Subscriptions over 36 months


Goal to create at least 8 million Proven Identity Enrollments & National Awareness

Discussions with Verizon

 

About 17% of individuals have phones too old to work with the Q5id apps


Verizon can provide affordable phones to people who want Guardian (or Q5id)


Q5id will help eliminate identity fraud loss for Verizon (this is a big issue)


Co-Sponsoring Guardian and encouraging Guardian volunteer and subscriber sign-ups –aligns with mission of protecting communities


Verizon can require Apple and Samsung to install the Q5id apps at the factory 

Q5id

Management

 

 

 

 

 

 

 

STEVE LARSON

Chairman/Chief Executive Officer (CEO)

Founded Q5id in 2018

 

In 2001 founded SureID, Inc, the leading provider of identity management and access control solutions for the Departments of Defense and Homeland Security


In 1987 founded Unicru, Inc., a leader in Human Capital Management (HCM) automation technology (among Oregon’s fastest-growing private companies prior to its acquisition by Kronos, Inc. for $150 million) 


Recognized locally and nationally for leadership skills and business expertise. Named a finalist in the Ernst & Young Entrepreneur of the Year Award in the Pacific Northwest


Participated on boards of several technology companies and has assisted in funding and recruiting executives and board members for other companies.

PETER LYMM

Chief Operating Officer (COO)

 

Leads the company’s operations, enrollment services, marketing, sales, IT and HR departments


Over 30 years of IT and operations experience, with a strong background in the healthcare and insurance verticals


Held CIO and COO executive roles for companies such as Aetna, Samsung and Community Health Network


Most recently was the Chief Operating Officer at Neighborhood Health Plan of Rhode Island


Served on the Board of Directors for the YMCA and the National Organization for the Prevention of Child Abuse


BA from the University of Rochester. MBA from the University of New Haven. Certified Six Sigma Green Belt and holds a Certificate in Project Management from Boston University.

DOMINIC O’ DIERNO

Cofounder/SPV–Strategic Development

 

In 2001 co-founded SureID, Inc. and was its Senior VP of Strategic Development


VP and co-founder of Peregrine Holdings, Ltd., involved in the acquisitions, mergers, and re-organizations of privately held companies with sales up to $150 million


Helped PHL with its capital funding requirements, operations, strategic development, due diligence, and investor relations


Over 30 years of experience in strategic development, operations, and capitalization strategy


Graduated cum laude with a BS in Finance and Marketing from the University of Oregon, receiving multiple Dean’s list honors, merit-based scholarships, and other recognition.

Q5id

Distinguished Board Members

Gov. TOM RIDGE

 

Chairman of Ridge Global, which provides clients with solutions to cybersecurity, international security, and risk management issues


Following the tragic events of September 11th, 2001, became the first Secretary of the U.S. Department of Homeland Security


Twice elected Governor of Pennsylvania, serving as the state’s 43rd governor from 1995 to 2001.

Q5id
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