Digital Identity Based App Business

Digital Identity Based App Business Success Stories [2024]

Pat Walls

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Updated: October 9th, 2024

Think about how much of your life is spent verifying who you are online. The digital identity-based app business focuses on creating secure and streamlined ways for users to manage their digital identities across various platforms. At its core, this business concept involves developing an app that centralizes personal identification, simplifying secure access to services, and enhancing online privacy.

Imagine an app where users can verify their identity once and use it for multiple services, eliminating the hassle of repeatedly entering personal details. It’s a solution for a growing need in our digital world where online security and convenience are paramount.

For entrepreneurs, the real work involves developing robust security protocols, forging partnerships with service providers, and ensuring compliance with regulations. The potential for this business is vast, given the increasing importance of digital identity management. It’s a solid opportunity for those interested in tech innovation and cybersecurity.

In this list, you'll find real-world digital identity-based app business success stories and very profitable examples of starting a digital identity-based app business that makes money.

1. Yofi ($120K/year)

Jordan Shamir, co-founder of Yofi, came up with the idea for the business after struggling to buy sneakers and concert tickets at reasonable prices due to bots buying them up. As former sneaker botters themselves, Shamir and his co-founders decided to leverage their knowledge to help brands fight against bots and create meaningful relationships with customers. Yofi has already stopped 51 million bot checkouts and has garnered impressive results for its customers, including a 67% increase in clickthrough rate and a 12% growth in customer lifetime value.

How much money it makes: $120K/year
How many people on the team: 6

How These Former Resellers Built A $120K/Year Tool To Combat Bots

Yofi co-founders Jordan Shamir and Alex helped some of the largest brands in the world fight against resale bots, leading to the development of their customer identity platform that has stopped 51 million bot checkouts and acquired hundreds of new customers per month.

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