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Should I use Signzy?

World's Top Fintech Companies πŸŽ‰ - signzy.com

Depends. Buy if you are a regulated Indian bank, NBFC, or fintech needing API-first KYC, KYB, and video KYC at volume. Skip if you have low verification volumes, are US/EU-first, or cannot tolerate a vendor with a recent disclosed breach.

Confidence

Medium. Based on 30+ public sources; review detail is thin and no public pricing was found.

Ratings

  • Value for moneyNo public pricing evidence found
  • Ease of useReview snippets too thin to score
  • Feature depth
  • Support qualityNo usable support evidence
  • Security posture

Pricing

Not disclosed

ModelNot disclosed
Monthly feesNot disclosed
HardwareNot disclosed

Best for

  • Regulated Indian fintechs and NBFCs
  • Banks automating KYC/KYB at volume
  • Teams needing video KYC compliance
  • Insurance onboarding flows

Not for

  • Small startups with low verification volumes β€” per-check API pricing will not amortize
  • Teams that just need e-signatures β€” dedicated signing tools are far cheaper
  • US/EU-first companies wanting deep local ID coverage β€” India-first DNA
  • Buyers who cannot accept a vendor with a 2024 disclosed data breach

Gotchas - check before you buy

high

December 2024 breach: confirm exactly what KYC data was exposed before uploading customer documents

medium

Company issued a clarification disputing breach claims β€” read it before deciding

medium

Guess: no public pricing list; KYC APIs bill per verification, so volume costs surprise teams

low

Guess: deep API integration creates migration lock-in; plan exit costs early

Pros and cons

Pros

  • Wide coverage: KYC, KYB, AML, and video KYC APIs
  • Listed on Salesforce AppExchange as a Video KYC solution
  • Raised $26M Series B led by Gaja Capital (2022)
  • G2 reviewers consistently praise the product
  • Publicly endorsed by insurance customer Coverfox on Capterra

Cons

  • Disclosed a cybersecurity incident in December 2024 affecting customers
  • Breach impact details remained under investigation; probe launched
  • Threat actor claimed Signzy data sale on a forum
  • Small footprint: 27 tracked customers, 0.68% category market share

Sources & method

Analyzed 10/05/2026 - 14 sources - Acknowledged a December 2024 cybersecurity incident affecting Indian customers; probe launched and clarification issued. No CVEs found.

official x2review x5security x4news x3
  • December 2024 data breach, Signzy disclosed a security incident affecting customers in India and launched a probe. Reports say delayed victim notifications drew regulatory criticism.
  • Threat actor data-sale claim, An X post in December 2024 alleged Signzy data was listed by a threat actor on a Russian-language forum.

Key stats

  • Feature depth: 4/5

    Rating

  • Not disclosed

    Starting price

  • 14

    Sources

  • Analyzed

  • Value for money. No public pricing evidence found
  • Ease of use. Review snippets too thin to score
  • Feature depth: 4/5. Wide range: KYC, KYB, AML, video KYC APIs
  • Support quality. No usable support evidence
  • Security posture: 2/5. Disclosed December 2024 breach affecting customers
  • $26M Funding Series B led by Gaja Capital, 2022
  • 27 Tracked customers companies, per TheirStack
  • 0.68% Market share identity verification category, 6sense
  • 100+ Employee reviews on AmbitionBox

Pricing

Not disclosed

Security

Acknowledged a December 2024 cybersecurity incident affecting Indian customers; probe launched and clarification issued.

  • December 2024 data breachSignzy disclosed a security incident affecting customers in India and launched a probe. Reports say delayed victim notifications drew regulatory criticism.⁡
  • Threat actor data-sale claimAn X post in December 2024 alleged Signzy data was listed by a threat actor on a Russian-language forum.⁸

No CVEs found.

Companies that use it

Full analysis

Based on 30+ public sources; review detail is thin and no public pricing was found.

Enterprise KYC/KYB/AML API for regulated fintech. Real Dec 2024 breach. Strong fit only for high-volume Indian lenders.

Methodology

Based on 30+ public sources; review detail is thin and no public pricing was found.

Sources

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  5. security
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  9. official
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  13. official
  14. review

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