investors
Investors who participate in the offering will receive FREE Katsh Digital ID for life.
Introduction
Step into the future with Katsh, where the global transition to Digital Identities is not just embraced but redefined. Our bio-centric, privacy-focused solutions empower both businesses and consumers to navigate a world powered by trust and connectivity.
Gone are the days of cumbersome passwords and security risks. Katsh is leading the charge towards a future where authentication is seamless, secure, and passwordless.
LIFE WITH KATSH
For financial institutions committed to safeguarding their operations against fraud and providing seamless user experience, Katsh offers unparalleled technologies. Our solutions stand above the competition, outpacing the capabilities of Okta's Multi-Factor Authentication, Apple Face ID, Amazon One and various others. Katsh is designed to resist the power of Generative A.I. and the expansion of computing power, catering to the threats of the near future.
In the wake of experiencing identity theft not once, but twice, Eli and Joe embarked on a mission to reinvent identity access management.
Katsh, the ideation of their determination is a game-changer: Picture your palm, seamlessly integrated with our cutting-edge technology. This isn't just about security; it's about redefining the very essence of dynamic human detection and recognition. What we've built at Katsh is unparalleled and simply impossible to recreate by fraudsters, aiming to make Katsh immune to compromised devices and information and fake biometrics (3D printed or A.I. generated).
Katsh's choice of using the hand as a biometric solution isn't arbitrary — it's a strategic move toward unparalleled security and inclusivity. Unlike facial recognition, which can be passively accessed on CCTV cameras, your palm remains under your control. It's a voluntary biometric, ensuring that only you have the power to authorize access. Moreover, the palm doesn't discriminate against gender, race or skin color like facial recognition, making it the epitome of user-friendliness and privacy in biometric technology. With Katsh, your palm becomes not just a tool, but the key to unlocking a future of seamless, secure authentication.
Unlike others, we believe Katsh stands as the ultimate cross-device solution, allowing consumers to effortlessly consent their sensitive information with a simple hand wave, taking control of when, where, and by whom their information is accessed.
KatshID is more than just a product, it's a movement. We believe that everyone deserves to have a secure and convenient digital identity that respects their privacy and autonomy. Our goal is to help as many businesses and consumers protect their sensitive information from scammers' abuse.
Success to Date
- Built our first Hand ID engine prototype.
- Developed IP strategy.
- Experienced team of finance, cybersecurity and business executives from HSBC, IBM, Symantec, Ernst & Young and Raytheon with multiple exits.
- Strong traction of 500% growth of beta testing clients since 2022, representing 90 million potential end users.
- VISA has chosen Katsh among the Top 5 Fintech Startups in the U.S.
- FDIC chose our team to participate in their digital identity proofing sprint for financial services.
- University of California Riverside accepted our team to their I-Corps program to conduct customer and market discovery with 40+ organizations.
Problem
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 help desk calls are related to passwords
- 2-3 minutes to verify a client’s identity
- $70 is the cost to reset a password
While current solutions like Face ID may seem convenient, we believe they fall short because they rely on a special device for authentication. This limits the convenience to the device itself, creating vulnerability if the device is compromised. In such cases, unauthorized individuals gain access to personal information, posing a significant security risk.
Today, we believe no other solution but Katsh is able to protect against these vulnerabilities when the device is compromised by malwares like NSO and various others.
WHY NOW?
- Post-COVID, 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 worldwide shift towards digital IDs is underway, signaling a new era of identity management.
- 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.
- 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.
Solution
Katsh aims to replace conventional credentials such as passwords, verification codes, and badges with a simple hand-wave on any smart device.
With Katsh, individuals gain the power to control the authorization of their information, dictating where, when, and by whom it can be accessed to prevent fraudulent use of sensitive data. Leveraging a cutting-edge multimodal technology, Katsh combines your unique biological handprint with radically-advanced security measures, rendering your identity unaffected by compromised devices, information, and fake biometrics.
The Katsh Advantage: Unlike traditional device-centric solutions, Katsh employs a new technology that uniquely links your identity to your biological hand, rather than your device. This innovative approach offers unparalleled security in today's ever-evolving cyber landscape. Because we offer seamlessness, security and convenience on any smart device, not just yours, we are able to democratize access to everyone.
TECHNOLOGY DEMO
Join us as we aim to secure the future of digital 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 and badges with a simple hand-wave on any smart device, saving institutions billions in identity-related fraud.
With the rise of AI, the timing for securing digital identities has never been better, presenting investors with a prime opportunity to capitalize on innovative solutions that eliminate passwords and static information for identification.
OUR HAND EXTRACTION ENGINE
We've developed over 15 A.I. models specifically designed to accurately detect and extract hands and palms across various lighting conditions and backgrounds, ensuring our engine's reliability in any scenario.
KATSH INFRASTRUCTURE
Business Model & Market
Our business model is planned to be 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 may be able to provide competitive pricing versus the competition because our software-only solution is designed to work on all smart devices and eliminates the need to develop, deploy and maintain any hardware, unlike most biometric systems today that require a specialized device to operate.
Press
- Mission Matters
Defending Digital Frontiers with Eli Farhood and Andrei Lyskov - AI Nerd
The Future Identity Security: Biometrics Signature: Eli’s Podcast with Thomas Helfrich - Threat Modeling Team Sport Podcast
Threat Modeling Team Sport Podcast - Featuring Eli Farhood - CEO of KATSH Digital ID.
Digital identity theft | Biometrics id theft and id protection | Corner of cyber | Explain 2022 - LinkedIn
Katsh Presentation at the City Club Los Angeles
Our experts have been featured in:
Recognized by TopTier Organizations:
Katsh is in the screening phase with TechStars Rising Stars:
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 is an offering of Common Stock, under registration exemption 4(a)(6), in Sinsat, Inc., doing business as Katsh Digital ID. This offering must raise at least $10,000 by November 15, 2024 at 11:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Katsh Digital ID may issue additional securities to raise up to $500,000, the offering’s maximum.
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
- 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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