Top 10 Karza Competitors and Alternatives for Your Business in 2025

If you’re a banker or an e-commerce business owner, you will agree that digital growth has both bright and dark sides. Connecting with buyers online is easier now, but your digital platform is more vulnerable to identity fraud attacks than ever. Last year, the U.S. Federal State Commission (FTC) filed 856,000 cases of imposter scams alone. So if investing in an identity verification solution is at the top of your priority list, you’re on the right track.

One of the best options for identity verification software on the market is Karza, now acquired by Perfios. Karza’s list of features makes it a great fit for many businesses. It uses Artificial Intelligence (AI) and Machine Learning (ML) to perform real-time identity verification, document checks, and biometric authentication.

If you think Karza is the right tool for you, we recommend checking out our other blog on Karza v/s HyperVerge where we dive deep into each tool to give you a detailed look at their strengths and weaknesses.

But, if you’re open to exploring Karza alternatives, this blog post is the right guide. We explore the 10 best alternatives to Karza and share highlights of each tool to give you a snapshot analysis.

Why consider alternatives to Karza?

Karza sounds like a great tool, so why look for alternatives? Here are the four reasons:

Specific feature requirements

Despite wide coverage, Karza might still fall short of your specific requirements. This makes a strong case for you to look at alternatives that are more relevant to your needs. For example, HyperVerge is a better choice if you want an AI-powered identity verification and AML compliance tool.

Price specifications

Karza offers customized pricing meaning the sales team evaluates your requirements and offers a quote. If you’re on a tight budget, this might not be the best scenario and you might want to settle for a solution with more transparent pricing.

Process time

Karza might not be the best option if you prefer a tool that has a quick processing time. Because different modules might take time for the processes to run in perfect sync.

Integration with existing systems

The best identity verification solution will integrate with your existing systems seamlessly. Karza’s API capabilities are well-known, but if it has compatibility issues or needs extensive modifications, it’s better to look at tools like HyperVerge and Signzy with more robust API capabilities.

How did we evaluate the top alternatives?

We followed a three-step approach to present the 10 best alternatives to Karza:

1. We looked at our competitors’ websites to create an initial list of alternatives
2. We checked the reviews for each alternative on credible platforms like G2 and Capterra
3. We put together a list of tools that had enough reviews on these websites and were the closest alternative to Karza

Overview of the top 10 Karza alternatives

A detailed list of the 10 best Perfios Karza alternatives for automated loan journeys

This is the crux of the blog. Here we have given you a quick overview of each tool so that you know which solution is closest to your requirements.

HyperVerge

HyperVerge One is a comprehensive suite of digital identity verification solutions for businesses. The AI algorithm powers the core of HyperVerge which makes the onboarding process fast and reduces drop-offs. The Machine Learning (ML) engine analyzes and verifies documents in real-time to confirm the clients’ identification.

HyperVerge scores the highest point in this list for its facial recognition technology. The passive liveness technology is one of the best in the industry and has obtained the prestigious ISO 30107-1/30107-3 Level 2 compliance certification. You can also trust HyperVerge to keep your business compliant with the latest KYC and AML norms as its ML algorithm keeps working in the background to update the platform with the latest regulations.

Look beyond identity verification and you will find HyperVerge contribute at every stage of the lending journey. After it analyzes the customer IDs and documents, it calculates the customer’s creditworthiness and helps your team pick the right profiles for the loan. It then creates scorecards and suggests loan schemes based on its analysis. The no-code workflow builder in HyperVerge is worth mentioning here because it gives your team the power to build the lending journey the way they like. This is a great tool for launching new products and building a brand-new onboarding experience from scratch without writing a single line of code. Lastly, the 100+ API integration lets you merge your existing systems with HyperVerge and achieve high operational efficiency without making drastic modifications.

In a nutshell, HyperVerge offers a wholesome platform for your business to onboard legitimate customers effortlessly, streamline the entire lending journey from start to end, and keep your business within the realm of financial norms.

Best for

Financial services, gaming, insurance, crypto, e-commerce companies and marketplace industry

Pricing

There are three pricing plans:

Starter: Offers a free plan, great for startups. Complete integration set-up and biometric analysis are the highlight features of this plan

Grow: Ideal for mid-size companies. You have access to all the features in the Starter plan plus face liveness check and a dedicated customer success manager.

Enterprise: Perfect for large companies looking for a customized solution. The pricing is decided based on your requirements and there is a customer support team assigned to answer your queries.

What do HyperVerge users say?

“HyperVerge is one the best product for our customer onboarding process. The AI accuracy is world class, and the KYC verification takes less than a minute, pretty smooth. The no-code platform is a big win, letting us go live super fast, it’s pretty simple and easy to use. Plus, it’s a one-stop-shop, so no more juggling multiple vendors.”
Mayank P,Angel investor, small business, ★★★★★ (5/5)

Signzy

Signzy is another AI-powered tool on the list that makes the KYC verification process a breeze for your team. The KYC engine uses machine learning to analyze customer data and verify it against government-issued IDs and biometric databases. The process is quick and reliable meaning your team can focus on more important aspects like calculating the applicant’s eligibility while Signzy takes care of the identity verification.

Facial recognition, document verification, and video KYC are the three areas where Signzy shines. It supports the coverage for regulatory requirements of 200 countries making it easier for you to expand your business in newer markets. Other than identity verification features, it offers API integration to embed identity verification into your existing workflows effortlessly.

Best for

It’s best suited for banks and fintech companies

Pricing

The pricing information is not mentioned on the Signzy website. The pricing is most likely customized as per your requirements.

What do Signzy users say?

“Real time verification features offered by Signzy benefit my business. The customer acquisition is made easier by the automation of the KYC/AML procedures and reduction of data entry”
Semret T, Customer success co-ordinator, Banking,★★★★★ (5/5)

IDfy

IDfy takes care of the entire range of identity verification methods in your lending process. It has facial recognition and advanced video KYC capabilities. It also helps in AML screening with its AI-led legal history check service that analyzes over 400 million legal records in India.

IDfy also helps in employee background verification which is a great asset when you’re planning to expand an existing team or set it up from scratch. Privy is another solution from the team of IDfy that ensures compliance with data privacy regulations like the DPDP Act. The Bank Statement Analysis (BSA) feature is the major highlight as it can read quality images from different document formats and extract valuable insights from them.

Best for

IDfy is a versatile tool and best suited for organizations in the financial industry and other companies offering services within strict regulatory requirements.

Pricing

The pricing is not mentioned on the website

What do IDfy users say?

“My experience with IDfy has been good. I’ve been using it for over three years now, and it has significantly reduced manual work by automatically clearing the majority of IDs.What I liked most about IDfy is its quick OCR capability, allowing for swift document scanning and extraction”
Gagan,COO ★★★★★ (4.5/5)

Bureau

Bureau safeguards your business from identity fraud and enhances the onboarding experience. It uses phone numbers as a key identifier to uncover risk profiles and help businesses make informed decisions. The identity verification process is solid as it aggregates customer information from different sources and checks them across an extensive list of databases.

The advanced algorithm monitors customer accounts continuously and alerts the business in the case of suspicious activities. It helps to eliminate chargeback fraud by putting companies in control to approve or decline a transaction request. This feature is highly beneficial for financial and e-commerce companies.

Best for

Banks, financial institutions, and e-commerce companies

Pricing

Pricing is not mentioned on the Bureau website

What do Bureau users say?

We couldn’t find any reviews about Bureau

Cashfree

The Cashfree Secure ID is a 360-degree identity verification tool for growing businesses. It is built on a suite of APIs that perform quick identity checks and are highly customizable. The platform claims an impressive 1-second response time for more than 90% of requests which is brilliant news for companies looking for quick onboarding solutions.

Cashfree’s KYC verification services use Optical Character Recognition (OCR) for PAN and Aadhar verification, which, according to them, reduces turnaround time by 75%. It makes it convenient for businesses to verify sensitive user information securely and reliably while enhancing user experience in the onboarding process.

Best for

All types of businesses looking for payment processing and KYC verification services in one place

Pricing

Cashfree mentions the payment gateway charges, but the price for KYC verification is not mentioned.

What do Cashfree users say?

We couldn’t find reviews mentioning Cashfree’s KYC verification, most of them are about its payment gateway

“Cashfree is one of the best payment gateway that allows business to accept payment with ease and help your business growth by providing best payment options.”
Abhishek, Founder, India, ★★★★★ (5/5)

Idenfy

Idenfy is an identity verification platform that streamlines the KYC verification process for businesses while helping them stay compliant with regulatory requirements simultaneously. Its Know Your Business (KYB) and Anti Money Laundering (AML) solutions are also vouched for. The AML screening service automatically checks customers on global watchlists, sanctions lists, and PEPs (Politically Exposed Persons).

Idenfy uses biometric technologies like facial recognition and 3D liveness detection to ensure that the identities being verified are genuine. It is quick to catch fraudulent attempts when someone is trying to dupe the system by wearing a mask or using photos. It adds another layer of security with its phone verification feature to confirm the identity of an individual.

Best for

Financial institutions, online marketplace, e-commerce companies and Crypto organizations

Pricing

The pricing of Idenfy is determined based on the solutions you need and the number of monthly transactions you expect to take place

What do Idenfy users say?

“We use this identity verification software, and it’s easy for both us and our customers to use. They offer ID verification through web browsers, which is great because there’s no need to install an app. Plus, they support ID documents from all over the world, which is a big plus for us.”
Sarunas B, CEO, Small Business, ★★★★★ (5/5)

Newgensoft

Newgensoft offers digital solutions to improve the onboarding experiences for financial institutions. It runs an automated KYC verification process to confirm the customer’s identity. It also integrates with government databases and third-party services to keep the information up-to-date.

Like Idendy, Newgensoft also uses an AML screening tool to automatically check customers against global watchlists and sanctions lists. Moreover, the document capture and verification feature uploads the customer identity documents and extracts the information. This minimizes errors and expedites the verification process.

Best for

Banks, insurance companies, credit unions

Pricing

The pricing information is not mentioned in the Newgen website

What do Newgensoft users say?

We couldn’t find reviews about Newgensoft

Jukshio

The Jukshio KYC++ is a cutting-edge online verification tool that extracts faces and text from customer documents and compares them against live images. It is capable of working in low-bandwidth environments making it a perfect fit for high and low-end devices both.

Jukshio emphasizes customer privacy by not storing Personally Identifiable Information (PII). The platform also features DFraud, a specialized tool designed to combat fraud proactively. It uses advanced facial ID technology enabling real-time verification with high accuracy. Jukshio also offers Know Your Business (KYB) solutions to verify the identity of your partners and clients.

Best for

It’s a great tool for fintech companies and e-commerce organizations. However, based on its application, it can be a great resource for other companies too.

Pricing

Pricing details are not mentioned on the website

What do Jukshio users say?

We couldn’t find relevant reviews about Jukshio

Digio

Digio is an end-to-end solution that integrates different functionalities, including KYC (Know Your Customer) verification, document management, digital signatures, and payment collections. The DigiStudio features works like the no-code builder of HyperVerge. It allows businesses to create customized workflow using a simple drag-and-drop interface.

The DigiKYC includes features such as ID OCR analysis, selfie verification, and video KYC, ensuring that businesses can accurately verify customer identities in real-time. The Aadhar-based authentication integrates with DigiLocker for secure document storage.

Digio takes special care to adhere to the regulatory requirements of SEBI, RBI and IRDAI during the onboarding process. The platform’s 360° process visibility feature allows businesses to monitor every aspect of the onboarding journey, from document signing to KYC completion and payment processing.

Best for

Banks, fintech companies, insurance agencies, and any other business looking for a digital onboarding solution

Pricing

Pricing information is not available on the website

What do Digio users say?

“Used Digio for internal HR processes like employee onboarding, performance appraisal/promotions/increments, employee off-boarding to name a few and the experience has been amazing. Have decided to extend the usage in other domains as well including customer-facing transactions. Great service and initiative.”
Anuj, India, ★★★★★ (5/5)

Digitap

Digitap offers a full-fledged solution to provide a seamless onboarding experience to customers. It can handle a high number of applications making it a perfect fit for companies scaling their operations. The Bank Statement Analyzer API is the USP of Digitap as it allows financial institutions to analyze customers’ bank statements through multiple modes, including direct extraction using net banking credentials, PDF uploads, and integration with the Account Aggregator framework.

Digitap also generates detailed reports in different formats like Excel, PDF, and XML. With identity verification and document processing, Digitap offers highly accurate results making it a perfect partner for businesses looking for a trustworthy tool to make faster decisions.

Best for

Banks and other financial institutions

Pricing

Pricing details are not mentioned on the website

What do Digitap users say?

“One of the best digital onboarding suite in the market. All in one suite for perfect digital onboarding journey”
Smruthy,Manager, India, ★★★★★ (5/5)

How to choose the best verification solution for your business

We shared the list of the top 10 best Karza alternatives, but you could still be confused about how to proceed with evaluating the tools. So here’s a mini-guide to put an end to the confusion:

Functionality and features

The features of a product must always top the priority list. The alternative with the most relevant and useful features will help your team to be more productive. Focus on verification accuracy and speed, as these factors directly impact customer experience. The solutions that use AI and ML are more capable of enhancing the identity verification process. While evaluating the alternatives, ensure that it is capable of building customized journeys to comply with the industry requirements and reduce fraud risks. For example, platforms like HyperVerge offer specialized features that cater to various sectors, ensuring that businesses can efficiently meet their unique requirements.

Look for an end-to-end solution

An ideal solution will integrate all the aspects of the customer lending journey and streamline the process from start to end. This includes identity verification and document management to payment processing and compliance checks. This kind of integration reduces manual intervention and empowers you to offer a superior customer experience.

Ease of use and onboarding

Always prefer a tool that has a user-friendly interface and requires minimal training for your team to get used to. Your employees will be more productive and they will find their work more satisfying. Assess the onboarding process offered by the vendor and check for supporting onboarding materials. Are there tutorial videos available? What about a dedicated customer support team? These questions will help you get started in the right direction.

Scalability and flexibility

The best identity verification solution will fit your current business needs and will be able to match future requirements as well. The best way to evaluate that is by looking for configurable and customizable features that allow you to adapt the software to your unique workflows. This adaptability is necessary for businesses that may need to pivot or expand their services in response to market demands.

Integration and compatibility

Evaluate the platform’s capability to work with your existing systems. The API capabilities and the pre-built integrations will make the operation run smoother and avoid disruptions.

Security and compliance

Choose a tool that employs data protection measures, access controls, and complies with industry regulations such as GDPR or CCPA. Verify the software’s security certifications and data privacy measures to ensure that sensitive information is handled appropriately.

Customer support and reputation

Monitor customer reviews, case studies, and testimonials to gauge the technical support quality of the platform. Engage with existing customers on social media and other platforms to get real-life vendor support quality.

Improve your identity verification journeys with AI

AI-powered identity verification tools are the right partner for growing businesses. It automates the digital identification process while continuously protecting your business from advanced fraud attacks. HyperVerge One is a strong contender in this list and if you’re looking for a complete package with transparent pricing, you don’t have to look any further.

The no-code workflow builder is one of the best attractions of the HyperVerge One package. It’s incredibly powerful as it lets you create onboarding journeys for new products without relying on your development team making it a huge asset for scaling your business quickly. Advanced identity verification features like single-image-based liveness detection verify the customer’s identity based on a single selfie. Likewise, the face de-duplication technology ensures that each user is uniquely identified and prevents multiple accounts from being created by the same individual.

Other features like downtime protection ensure you have uninterrupted access to the digital verification features even during peak times. AI-based forgery checks detect fraudulent documents and images effectively. By analyzing various aspects of submitted identification materials, HyperVerge can identify potential forgeries before they are processed, thereby enhancing security measures.

Interested to know how HyperVerge One can improve the identity verification process in your business and streamline the lending journey? Book a demo now.

FAQ

1. What is Perfios Karza?

Perfios Karza is a one-stop shop for customer identification, fraud assessment, biometric authentication, and document checks.

2. Why would someone need a Perfios Karza alternative?

These are the top reasons to look for Karza alternatives:

• Specific feature requirements
• Price specifications
• Integration needs
• Process time

3. What are the best alternatives in India to Karza?

Here’s a list of the 10 best alternatives to Karza in India:

1. HyperVerge
2. SignZy
3. IDfy
4. Bureau
5. Cashfree
6. Idenfy
7. Newgensoft
8. Jukshio
9. Digio
10. Digitap