The new ID verification solution will protect users and their items through a smooth KYC onboarding flow on the LuggStash app
Kaunas, Lithuania (March 00, 2024) — iDenfy, a leading Lithuanian RegTech company specializing in identity verification and fraud prevention solutions, announced a new partnership with LuggStash, an American travel and leisure industry startup. This collaboration aims to improve safety and convenience for travelers to verify identities on the LuggStash mobile app.
LuggStash will currently use iDenfy’s full-stack identity verification solution to onboard both travelers and hosts using the app. This guarantees that all users experience the highest security standards while using luggage storing services. This partnership with iDenfy will help LuggStash maintain user-friendly navigation on the app for the end-users while providing internal specialists with an easily accessible analytics page where all the KYC data is stored in a safe and compliant manner.
LuggStash is a mobile app designed to enhance travelers’ experiences by offering convenient, trustworthy options for temporary luggage storage. According to the company, travelers no longer need to worry about dragging their luggage items with themselves during their journey or renting accommodation only for the sake of keeping their luggage without a need to stay. Instead, LuggStash provides a solution for storing belongings for the hosts, allowing users to explore the city without worrying of the burden.
The present mobile application market is experiencing both a surge in active usage and a rise in fraudulent activities. Fraudsters can illicitly acquire users’ information and impersonate them using compromised data, resulting in incidents such as lost luggage or fraudulent money transfers. In the UK, manual fraud reports indicate that over £1.2 billion was stolen through fraud in 2022, with nearly 80% of fraudulent cases originating online.
According to LuggStash, the partnership with iDenfy solved crucial security-related challenges, particularly during user sign-ups entering the application. LuggStash primarily utilizes iDenfy’s ID verification tool to verify both travelers and hosts using their app. Through this partnership, the company can ensure the safety and transparency of every interaction on their platform. By partnering with iDenfy, LuggStash reinforces its commitment to removing the burdens associated with luggage storage, allowing travelers to focus on enjoying every aspect of their journey.
For LuggStash, the top priority is to provide travelers with a convenient and maximized experience. Similarly, in the quest to enhance user safety and security, LuggStash chose iDenfy over other companies for several reasons. The robust fraud detection and address verification capabilities offered by iDenfy stood out, aligning perfectly with LuggStash’s commitment to ensuring user safety. Additionally, iDenfy’s exceptional customer service, along with free credits for testing their platform, solidified the decision to partner with them.
“Our mission is to provide travelers with an easier, quicker, and more intuitive alternative to storing luggage while exploring a city. With iDenfy’s identity verification solution, we avoided a lengthy implementation process, built a compliant KYC onboarding flow and further enhanced trust and convenience for our users,” — commented Ifeanyichukwu Anoka, The CEO of LuggStash.
“We’re motivated to enhance the security of the LuggStash app, safeguarding the belongings of travelers and hosts. By integrating our identity verification and fraud detection tools, we’re committed to delivering a seamless and secure experience, further solidifying trust in online services,” — added Domantas Ciulde, the CEO of iDenfy.
The partnership between LuggStash and iDenfy marks a significant step forward in redefining luggage storage solutions for travelers worldwide. Together, they are set to empower travelers with a hassle-free and enjoyable journey, ensuring that every moment of exploration is maximized and cherished.
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About iDenfy
iDenfy, a platform of identity verification services and fraud prevention tools, ensures AML, KYC, and KYB compliance for every company — from large-scale businesses to small organizations. The rapidly growing business was named the best Fintech Startup in 2020. Recently, iDenfy was featured in G2’s Winter 2023 report as the leading identity verification software.
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