Chilean startup Soyio is set to revolutionize the way companies manage personal data and digital identities, thanks to a recent US$1 million funding round led by the financial group Consorcio. The startup offers a range of innovative solutions that can be seamlessly integrated into existing applications, including passwordless authentication, biometric identity verification, and digital signatures.
- Biometric identity verification
- Passwordless authentication
- Digital signatures
These cutting-edge solutions aim to provide a secure and seamless way for individuals to manage their personal data, while also ensuring that companies comply with the latest data protection regulations. With the help of the new investment, Soyio plans to further develop its technology, focusing on digital identity validation, personal data protection, and customer consent management. Consorcio, the lead investor in the round, has expressed its confidence in Soyio’s ability to modernize the industry and meet the needs of its clients. The investment is part of Consorcio’s strategy to support startups that are pushing the boundaries of innovation and responding to the evolving needs of the market.
- Soyio’s technology will enable companies to comply with the Chilean Data Protection Law (DPL) and the European Data Protection Regulation (GDPR)
- The startup will also help businesses to ensure customer consent and protect personal data
- Soyio’s solutions will provide a secure and seamless way for individuals to manage their digital identities
According to Álvaro Larraín Prieto, corporate attorney at Consorcio Group, the investment in Soyio is a testament to the startup’s disruptive and scalable technological solution. “We are convinced that Soyio offers a solution that will be well received, as we all need to have control over our digital identities,” says Prieto.
“With this investment, we are confident that Soyio will become a leading player in the market, and we look forward to seeing the impact it will have on the industry.”
As Chile prepares to implement the Data Protection Law (DPL), which will come into effect in December 2026, Soyio’s technology is poised to play a significant role in shaping the country’s digital identity landscape.
| Key benefits of Soyio’s technology | Biometric identity verification | Digital signatures | Passwordless authentication |
| Secure and seamless way for individuals to manage their personal data | Biometric data is used to verify identities | Digital signatures are used to authenticate and verify documents | Passwordless authentication eliminates the need for passwords |
Definition:
Personal data refers to any information that can be used to identify an individual, such as name, address, and identification numbers. Data protection regulations aim to ensure that personal data is handled and processed in a secure and transparent manner. Highlights:
• Soyio’s technology will enable companies to comply with the Chilean Data Protection Law (DPL) and the European Data Protection Regulation (GDPR)
• The startup will also help businesses to ensure customer consent and protect personal data
• Soyio’s solutions will provide a secure and seamless way for individuals to manage their digital identities
- Funding round: US$1 million
- Lead investor: Consorcio
- Other investors: Platanus Ventures, Devlabs, and 99startups
Soyio’s innovative solutions will be crucial in shaping the digital identity landscape in Chile, as the country prepares to implement the Data Protection Law (DPL). The startup’s commitment to providing a secure and seamless way for individuals to manage their personal data will be essential in ensuring compliance with the latest data protection regulations.
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