AID:Tech

Payments infrastructure bridging digital identity and programmable disbursements for insurance, government, and humanitarian programs.

Insurtech Infrastructure Growth Series A

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Overview

AID:Tech is a payments infrastructure and digital identity platform serving insurance companies, governments, NGOs, and charities for fund disbursements and claims payouts. Founded in 2015 in Dublin, Ireland, the company combines self-sovereign digital identity (using Decentralized Identifiers and KYC/AML compliance) with programmable payment rails spanning both traditional finance and blockchain networks. Its primary insurance use case is parametric insurance payouts and claims disbursement, enabling insurers to deliver rapid, verified payments to policyholders through digital wallets without requiring traditional bank accounts.

The platform delivers a Global Wallet Solution that links a verified digital identity to a digital wallet supporting virtual card issuance (Visa), Apple Pay, Google Pay, stablecoin transfers (USDC via Circle), and cross-border payments over Algorand and Hedera blockchains. AID:Tech also offers Kare, a disaster relief and benefits distribution product enabling case managers to create relief events, review applications, and issue virtual debit cards or vouchers to survivors instantly. The Kokua App (iOS and Android) allows recipients to access funds, locate nearby support, and redeem at major retailers.

AID:Tech reports USD 10M in total capital raised, 500K users served, and USD 300M in funds disbursed across disaster relief, government welfare, and insurance programs. Notable strategic partnerships include Visa for virtual card issuance, Circle (USDC) for stablecoin-based disbursements, Affinidi (a Temasek-backed firm) as lead investor, and the Hedera Foundation for digital identity infrastructure. The company has been deployed in U.S. disaster response programs including Hurricane Ian (2022), Kentucky tornadoes (2021, 2024), Hurricane Ida, and Mississippi tornadoes (2023).

Products & Services

Global Wallet Solution (GWS)

A digital identity-linked wallet combining KYC/AML-verified identity with real-time payment capability. Enables organizations to distribute funds directly to verified recipients via virtual Visa debit cards, mobile wallets, and blockchain networks.

Key Features

Self-sovereign digital identity using Decentralized Identifiers (DIDs)
Virtual Visa card issuance with programmable spend controls
Cross-border and cross-chain payments via Algorand, Hedera, and Circle/USDC
Apple Pay and Google Pay support for instant mobile access

Target Users: Insurance carriers, government agencies, NGOs, and international aid organizations

Kare

Disaster relief and benefits distribution platform allowing organizations to create relief events, manage applications, and disburse funds to verified recipients within minutes. Includes case manager tools and the Kokua recipient app.

Key Features

Case manager dashboard for event creation, application review (Pending/Accepted/Rejected), and fund disbursement
Kokua App (iOS and Android) for survivors to receive funds, locate support via GPS, and redeem at Amazon, Walmart, and other retailers
Integration with Visa for virtual debit card issuance
USDC stablecoin disbursements via Circle partnership

Target Users: Disaster relief organizations, government welfare programs, insurance carriers with catastrophe claims

Klimify

Climate-finance product focused on carbon credits and environmental disbursements. Positioned within the AID:Tech programmable payments infrastructure for climate-related fund flows.

Key Features

Carbon credit distribution infrastructure
Programmable payments for environmental programs

Target Users: Climate finance organizations, environmental agencies

NFT Identity / Identity Aggregator

A portable digital reputation layer linking Web2 and Web3 accounts into a single verifiable identity. The "Bring Your Own Reputation" (BYOR) model allows users to carry their verified identity and history across platforms.

Key Features

Non-fungible Reputation token representing cross-platform identity
Identity Aggregator linking social, blockchain, and financial accounts
Portable reputation for use in wallet, DeFi, and insurance contexts

Target Users: Individual users, platforms requiring verified identity

At a Glance

Founded: 2015
Headquarters: Dublin, Ireland
Employees: 11-50
Funding: Series A

Category & Focus

Category: Insurtech Infrastructure
Subcategories: Claims Disbursement Digital Identity Payments Infrastructure Parametric Payouts
Insurance Verticals: Specialty/E&S P&C Commercial P&C Personal
Target Customers: Carriers, TPAs

Customers

St. Vincent de Paul Disaster Services -- disaster relief disbursements via Kare
NVOAD (National Voluntary Organizations Active in Disaster) -- technical partner
UNDP (United Nations Development Programme) -- remittance platform and digital ID issuance
Save the Children -- Philippines deployment for 3,000+ displaced individuals in Marawi City
Endeavors -- disaster relief case management