Top Reasons to Invest in Katsh
Unlock a safer and convenient world with Katsh—your identity, simplified. With KatshID, there’s no need to memorize passwords, carry cards, keys, or devices, and nothing to worry about being stolen. Whether you’re verifying your identity remotely or on-site, KatshID uses its proprietary AI and advanced biometric technology to provide instant, secure access. It’s compatible with nearly all platforms, including iOS and Android, and you’re not even tied to your device. Enjoy peace of mind, knowing that your identity is always protected and providing you access almost anywhere.
Recognized by TopTier Organizations
Success to date
- Strong traction of 500% growth of beta testing clients since 2022, representing 90 million potential end users.
- FDIC chose Katsh to participate and provide solutions in a digital identity proofing sprint for financial services.
- VISA has chosen Katsh among the top 5 Fintech startups in the U.S.
- LAUNCH fund choses Katsh out of thousands of companies to participate in FounderU, a 12 weeks program backed by Jason Calacanis a famous Silicon Valley investor.
- University of California Riverside choses Katsh to the I-Corps program to conduct research and market discovery with 40+ organizations.
- Experienced team of finance, cybersecurity and business executives from IBM, Symantec, Ernst & Young and Raytheon with multiple exits.
- Developed IP strategy with 6 potential patents covering the core technology.
Problem
Market estimated to reach $200 Billion by 2030 with a 17% CAGR.
Introduction
As hacking groups exploit widespread data breaches and artificial intelligence, the threat to our identities has never been more serious—no wonder that 80% of global fraud originates from stolen ID credentials. Katsh is at the forefront of reinventing identity access, committed to safeguarding both businesses and consumers from these risks.
Your hand is a secure, private, and voluntary biometric solution that transcends the vulnerabilities of easily compromised facial data, like that found on social media. Katsh is powered by a proprietary artificial intelligence and bio-centric identity technology that empowers users to navigate a connected world built on trust, providing seamless access across any smart device.
With Katsh’s SaaS B2B identity solution, businesses gain unparalleled security and ease of use, ensuring their employees and customers are well protected.
INVESTOR FEEDBACK
Why Now?
- A finance worker at a multinational firm was tricked into paying out $25 million to fraudsters using deepfake technology to pose as the company’s chief financial officer in a video conference call, according to CNN.
- Given the widespread data breaches that are more frequent than ever, our sensitive information is in the wrong hands.
- Hacking groups are leveraging AI and automating their attacks to conduct identity theft, money laundering and fraud.
- Our way of life has evolved toward greater reliance on remote interactions.
- Given the strides in AI, hackers now wield a surplus of resources, urging us to remain vigilant against emerging threats.
- The combination of AI sophistication, abundant data, global reach, social engineering tactics, weak security, and financial incentives makes it an opportune time for fraudsters to exploit AI and wreak havoc on identity security.
- According to the US government, identity theft is the fastest growing financial crime, affecting about 15 million Americans each year and hundreds of millions globally.
- Katsh delivers radically-advanced, device- and ecosystem-agnostic authentication technology that goes beyond the capabilities of Okta’s 2-Factor Authentication, Apple Face ID, and Amazon One.
- Eliminates the complexity and costs of traditional credential management and provides frictionless biometric authentication, great user experience.
- Katsh offers an affordable, software-only solution that is ideal for SMBs.
- With Katsh, users have full control over who, when, and where their sensitive information is accessed, preventing the fraudulent use of compromised data, minimizing identity fraud.
- Immune to emerging threats like generative AI (DeepFakes), Katsh uses palm recognition for voluntary, secure access control, ensuring greater privacy compared to facial recognition, which can be passively captured and widely shared on social media.
- Katsh enables businesses to expand their digital services confidently.
Business Model
B2B SaaS model + Pay-as-you-go
We plan to charge an annual fee/B2B end-user + an authentication fee (based on pricing tiers.)
These pricing tiers are planned to create a pricing structure that is fair for each and every business based on the organization’s size.
Katsh offers competitive pricing and scalability with our software-only solution, compatible with all smart devices. Unlike most biometric systems that rely on specialized hardware, our technology eliminates the need for device development, deployment, and maintenance, reducing costs and complexity.
Statistics
The rampant use of stolen ID credentials contributes to 80% of fraud cases, posing a significant challenge for businesses grappling with the pain and cost of credentials management.
Consumers, burdened by the friction of passwords and multi-factor authentication (MFA), experience diminished value in authentication methods. Moreover, these credentials serve as a convenient gateway for hackers to steal identities, compromise devices, and perpetrate financial fraud, presenting a pressing problem for the industry at large.
Here are the numbers:
- $52 Billion in total identity fraud losses in 2022
- $2,700 in annual average cyber spend per employee
- 40% of helpdesk calls are related to password issues
- 2-3 minutes to verify a client’s identity
- $70 is the cost to reset a password (help desk, labor, stack)
Solution
Katsh empowers individuals to control where, when, and by whom their sensitive information is used, to prevent identity fraud. By harnessing advanced multimodal technology and AI, Katsh combines your unique biological handprint with state-of-the-art security measures, ensuring your identity remains secure—even in the face of compromised devices, stolen data, or fake biometrics.
Join us as we aim to secure the future of our identities with Katsh!
With passwords becoming obsolete and fraud rates soaring, traditional security measures are no longer sufficient. Katsh's cutting-edge technology, developed over years of research and testing, offers unmatched security by replacing passwords, 2FA, badges and QR codes with a simple hand-scan on any smart device, saving institutions tens of billions in identity-related fraud. With the rise of AI, the timing for securing our identities has never been better, presenting investors with a prime opportunity to capitalize on Katsh’s innovative solutions that eliminate passwords, static information for identification and physical tokens.
Market
Podcasts & Press
- Defending Digital Frontiers with Hosts Eli Farhood and Andrei Lyskov
- The Future Identity Security: Biometrics Signature | Latest Video | AI Nerd - AI With Attitude
- Navigating Storms and Digital Identities: ID Innovations with Eli Farhood
- STOP Using Insecure Passwords with Eli Farhood
- Marketing in the age of AI Podcast with Emanuel Rose Featuring Eli Farhood
- Resilience: Team and the Company by The Founders Sandbox
- The Emerging Threats of AI
- #407 Biometric Security Reinvented: Eli Farhood on Eliminating Passwords with KatshID
- Katsh presentation at the City Club Los Angeles
Team
Use of Proceeds
If the offering's maximum amount of $500,000 is raised:
Use | Value | % of Proceeds |
---|---|---|
Platform Development | $200,000 | 40.0% |
Equipment/services | $20,000 | 4.0% |
Operations | $30,000 | 6.0% |
Legal | $50,000 | 10.0% |
Marketing | $175,500 | 35.1% |
Intermediary fees | $24,500 | 4.9% |
Terms
This number includes all funds raised by the Company in this round on Netcapital. This is an offering of Common Stock, under registration exemption 4(a)(6), in Sinsat, Inc. dba Katsh Digital ID. This offering must reach its target of at least $10,000 by its offering deadline of February 14, 2025 at 11:59pm ET. If this offering does not reach its target by the offering deadline, then your money will be refunded.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
Financials
Katsh Digital ID’s official name is Sinsat, Inc., so that’s the name that appears in the statements below.
These financial statements have been reviewed by an independent Certified Public Accountant.
SEC Filings
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
More Info
Updates
- Dec 9, 2024Katsh ID has been selected by LAVA to...
- Nov 27, 2024KatshID has refreshed our crowd funding page...
- Nov 22, 2024A new collaboration with a Los Angeles-based...
- Nov 1, 2024We are excited to share that our 12-week...
- Oct 17, 2024Watch what one of our lead investors, David...
- Sep 30, 2024Watch our new promo video for Katsh Digital ID...
- Aug 28, 2024Reminder: Investors that back our offering on...
- Aug 22, 2024Katsh Digital ID accepted to popular Silicon...
- Jun 27, 2024Katsh Featured on Major Newswires: Invest in...
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