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Avesta Partners with Civic

Dear Avesta Community and Investors,

We are proud to announce Avesta has partnered with Civic to ensure that Avesta users and our portfolio companies are protected by Civic’s best in class technology for identity verification as they come to market.

Civics mission is to provide every person on Earth with a digital identity that they can use to interact privately and securely with the world. Civic’s visionary blockchain identity-verification technology allows consumers to authorize the use of their identities in real time. We are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure, low-cost access to identity-verification services via the blockchain.

CEO Aydin Farhoudi “With Avesta we have changed the approach of how the blockchain works with an anonymity structure to save our privacy at the same time we made it with account numbers which gives us an identity at the same time. Civic will work closely with us and our advisors to provide the benefits of Civic’s robust and decentralized identity  verification ecosystem.

We aim to provide issuers, investors, users, and regulators an identity verification, security and privacy in an easy way by partnering with the Civic Team as they have the best solution available on the market.”

Civic’s CEO Vinny Lingham said, “Delivering an efficient, effective and sophisticated solution to digital identity is a foundational problem for any modern business, something we’re unfortunately reminded of daily.

We’re incredibly excited to partner with Avesta at this early stage, and look forward to integrating our technology with their portfolio as they grow.”

“We strongly believe Blockchain will be transformative for businesses, and particularly in the developing countries like Africa where financial conditions are a real challenge,” continued Thierno Diallo, ICT Specialist, Chief Infrastructure Management.

“Avesta is a fresh opportunity to improve the financial environment. We recognize that Avesta’s technology builds trust with a partnership with civic, a practical application that transforms technology into a clear and easy-to-use verification system which provides an enhancement of the current KYC approach with a positive impact for Avesta. This will reduce the hurdles of the process complications and offers a system to leapfrog the current situation.”

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