FinTechFunding

Identitii: Launches secure payments project with HomeSend

  • Idenditii (ID8) has struck a statement of work (SOW) with international payment transfer business HomeSend today
  • Under the deal, HomeSend will use Identitii’s Overlay+ platform to help support the delivery of financial crime compliance
  • This is the second deal signed under Identitii’s five-year master services agreement (MSA) with Mastercard in August
  • Today’s projects bumped up the total aggregate revenue for the MSA to around $1.85 million
  • On top of this, the company said further SOWs are expected under the MSA, but none have signed just yet
  • Shares in Identitii spiked in early action but have since retreated back to the grey line to trade at 16 cents each
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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