Start-up Allpass.ai secures victory at SIGMA's pitch competition

Denis Galenko, co-founder of Allpass.ai, took centre stage at the SiGMA AIBC Euro-Med Start-up Pitch, presenting a pitch that would ultimately secure victory for his identity verification provider. Based in Estonia with R&D in Ukraine, Allpass.ai focuses on customer privacy and high-level compliance, offering a much-needed solution to the $16 billion loss the iGaming industry suffered last year due to KYC (Know Your Customer) and AML (Anti-Money Laundering) issues.

The pitch was judged by a panel of experts, including Jarek Bialek, Adrian Niculescu, Mikko Puhakka, Anton Golub, Vladimir Malakchi, and William Spiteri Bailey. This was Allpass.ai's first conference in the gaming sector, and their win offers opportunities for future partnerships and client acquisition.

Allpass.ai offers customized solutions for fast and secure onboarding, as well as document and identity verification services in web and mobile products. Their technology, 'vivacity deduction technology', is particularly noteworthy for its ability to detect real people or deep fakes.

Denis Galenko, in his role as co-founder, provided advice for other startups: "Win your clients as quickly as possible, and the rest will come naturally."

The victory at the SiGMA AIBC Euro-Med Start-up Pitch saw Allpass.ai walk away with a prize package that includes a $21,300 Startup Marketing Package, a $10,000 Cloud Infrastructure Package, a $100,000 Blockchain Growth Package, a $400,000 Technological Foundation Package, a $7,000 Brand Development Package, a $2,600 Industry Education Package, a $2,000 Talent Acquisition Package, Corporate Configuration and Executive Networking Packages.

The pitch took place on the second day of the Euro-Med conference and expo held at the Mediterranean Maritime Hub (MMH), in Malta. It's worth noting that the iGaming industry is primarily composed of small and medium-sized businesses (80%), making Allpass.ai's win a significant step forward in addressing the industry's compliance challenges.

Elsewhere at the conference, Polymarket founders raised $15 million for a new prediction market. The iGaming industry continues to evolve, with solutions like Allpass.ai playing a crucial role in ensuring compliance and maintaining trust.