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Myeasydocs raises $1 million

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Myeasydocs is also planning to start operations in Nepal and Sri Lanka in the coming months.

Online document verification start-up Myeasydocs has raised $1 million from Galal Kulaib, Group CEO at Abu Dhabi Capital Group. Mr. Kulaib has invested in his personal capacity, and will assist the firm to build base in the United Arab Emirates.

Myeasydocs.com uses the software-as-a-service model, where an individual or employer uploads a scanned copy of the certificate or document that is to be verified. The scanned copy is then opened by officials at the university or college, who verify it and attest it with a seal and unique serial number. The serial number can be used to check the veracity of the documents any time.

“We have more than 200 universities and colleges on board. We do about 1,000 verifications a month,” Avira Tharakan, Chief Executive Officer of Myeasydocs, said.

The firm has obtained an US patent for its system last week. “More than 50 universities in the U.S. have used us to access verified transcripts for student admissions,” Mr. Tharakan said.

The firm has tied up with the Singapore Consul-General in Chennai, which is now using its system for verifications and the universities connected to it.

Mr. Tharakan said the firm was in advanced stage of negotiations with a leading visa-processing firm.

Mike Nithavrianakis, former British Deputy High Commissioner, has also joined the firm’s advisory board, and would assist with contacts in the UN and other nations.

Myeasydocs is also planning to start operations in Nepal and Sri Lanka in the coming months.

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Printable version | Jul 23, 2018 11:16:32 AM | https://www.thehindu.com/business/Industry/myeasydocs-raises-1-million/article6442741.ece