Ones to Watch

Ones to Watch: KnowMeNow

KnowMeNow is a cutting-edge customer identity tool that uses the latest mobile and blockchain technologies to speed up KYC and slow down customer abandonment. The company was founded in 2017 by Damian Mifsud and Godwin Schembri.

 

What is it? 

KnowMeNow is an award-winning blockchain-based Digital ID Wallet. KnowMeNow introduces the concept of reusable KYC and provides KYC services in a more efficient, reliable and more compliant manner than ever before. KnowMeNow allows businesses to instantly onboard ready-verified users, reducing costs and customer onboarding abandonment rates. The KnowMeNow app improves the customer experience and gives users control over their personal data.

 

When was the company founded?

The company was founded in late 2017 by Damian Mifsud and Godwin Schembri, veterans in the compliance and payments industries who also gained experience at major blue-chip organisations such as MasterCard, BarclayCard, First Data, and RS/2. Damian is also the founder of QGen, an award-winning KYC and KYB provider.

 

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How is it funded?

The company is privately funded.

 

What are your plans for the future? 

We are rapidly building our ecosystem by adding additional merchants, users and validators across a number of sectors. In addition, we are building some exciting new features for the wallet.

 



Find out more about the upcoming edition of the CountryProfiler Malta Report, the most influential publication on doing business and investing in Malta. To participate in this report, contact Garvan Keating on keating@countryprofiler.com or +356 99252229.

 

 

 


 

Why Malta?

The founders of the business are Maltese, and it is also where QGen is based, so it was a natural place for us to set up. Malta also has a number of advantages, including skilled and multi-national workforce, incentives provided by Malta Enterprise and a legal framework for blockchain entities. With Malta being the “blockchain island”, this is the ideal location for us.

 

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