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Overview

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| About | Hopae is a cutting-edge ID tech company providing secure, privacy-first digital identity authentication solutions accross borders. Our mission is to lead the global standard for digital identity, just as VISA revolutionized global payments. With innovation, security, and interoperability at the core, Hopae is setting the stage for a safer, more user-centric future in digital identity. | | --- | --- | | Company Name | Hopae l 호패 | | CEO | Ace Shim (Jaehoon Shim) | | Founded | April, 2022 | | Team Composition | - 14 (as of September, 2024)

• Approx. 50% development workforce

• Approx. 20% of global workforce | | Key Achievements | - Recognized in Gartner’s 2024 Market Guide for Distributed Identity Proofing, alongside industry leaders like Microsoft, IBM, and Thales.

• CEO Ace Shim appointed to the OpenWallet Foundation Technical Advisory Council, contributing to global digital identity standards.

• Instrumental in developing COOV, South Korea’s nationwide vaccination proof service.

• Operated the world’s largest DID (Decentralized Identity) authentication system, supporting 43 million daily active users (DAU). | | Investment Status | Hopae has raised a total ~$7 million USD:

• 2022 Pre-Seed I: $400,000 (Murex Partners, Bon Angels Partners)

• 2023 Pre-Seed II: $300,000 (Silicon Valley VC, 500 Global)

• 2024 Seed Round: $4.3 million (SV Investment, Z Venture Capital, Bon Angels Partners)

• 2024 Credit Guarantee Fund: $2 million in support. | | Website | https://www.hopae.com/ |

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CEO Profile

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• LinkedIn: Ace Shim l 심재훈
• Background:
  • Founder and CEO of Hopae.
  • Technical Director of OpenWallet Foundation.
  • Member of Privacy Technology Council.
  • Former Director of COOV, First Korea Digital Vaccination Certificate
  • Blockchain Researcher, LG CNS
• Education: University of Illinois Urbana-Champaign, Bachelor of Science in Computer Science

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What We Do?

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At Hopae, we specialize in Decentralized Identity (DID) Solutions, creating a global infrastructure for secure, efficient, and privacy-focused digital identity authentication. ****

In other words, we help organizations offer a secure, privacy-first solution for verifying identities across borders, empowering users to take control of their data on a global scale.

Core Offerings:

• Standard, interoperable open-source modules for digital identity wallets.
• Wallet and eID-based authentication services (API/SDK).

Our solutions empower businesses and users by drastically reducing costs, enhancing security, and giving individuals greater control over their data.

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Why Hopae?

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• Cost Efficiency: By adopting Hopae’s solutions, companies can reduce development costs by 94% compared to building in-house solutions—saving millions.
• Future-Ready: Hopae is the only distributed identity solution ready for real-world testing ahead of the EU’s eIDAS regulation in 2026. Our capabilities were proven through COOV, Korea’s vaccination proof service (similar to France’s TousAntiCovid), which served 43 million daily users.
• Global Collaboration: Partnered with major players like Visa, Amex, and Accenture through the OpenWallet Foundation.