ABOUT · SINCE 2022

We build
the trust infrastructure
underneath
Indian finance.

Every digital lending app, every neo-bank account, every merchant onboarding flow needs to answer one question with confidence: is this the right person, carrying the right documents, at this exact moment? Recspace exists to make that answer simple.

2022
Founded in Gurugram
45M+
Identity verifications processed
40+
Regulated businesses in production
32
Engineers, researchers, ops
Chapter one

Why we started.

Recspace was founded after its early team spent years watching Indian lending companies struggle with the same problem — off-the-shelf KYC vendors were imported from elsewhere, and they treated Aadhaar as an afterthought. Accuracy on regional-language Aadhaar was poor. PAN cards with older layouts failed parsing. Driving licences across 36 state formats weren't supported. NBFCs were forced to run manual ops teams just to correct what the AI got wrong.

We believed India deserved KYC infrastructure built ground-up for Indian documents, Indian regulations, and Indian scale — not adapted from Western datasets with a thin localisation layer. So we started building.

An OCR model trained on a million American driver's licences will always be mediocre at reading a Bihar state DL. The fix isn't better marketing — it's a different training set.

Early product decisions flowed from that premise. The OCR model was retrained from scratch on Indian ID corpora. The face model was tuned to the demographic distribution we'd actually see in production. The masking engine was designed around RBI's specific Aadhaar-masking guidance and UIDAI's consent framework.

Equally important: we made compliance architecture, not decoration. Data never leaves India. Every customer gets a per-tenant KMS key. Every PII access is logged to an immutable ledger. SOC 2 Type II and ISO 27001 certifications are current, audited by independent firms — not marketing checkmarks.

Four years in, that bet has paid off. Our customers pass RBI inspections without KYC-related observations. Their fraud rates drop. Their onboarding conversion goes up. And their compliance teams sleep better.

How we build

Six principles we won't negotiate.

These aren't values on a wall. They're decision filters we use when product trade-offs get hard.

i.

Accuracy is a promise, not a claim.

We publish model accuracy numbers backed by independent test sets. When our model drifts, we flag it to customers before they notice. If a regulator asks for our methodology, we hand them the full spec.

ii.

Compliance is infrastructure, not marketing.

SOC 2 Type II and ISO 27001 aren't badges on a landing page — they're the operating constraints we build within. Every feature ships with an audit trail designed first, code second.

iii.

Failure modes are informative, not opaque.

When OCR confidence drops or a face match fails, we tell you exactly why — not a red flag and a shrug. Your ops team should know what to do next based on our response alone.

iv.

Latency is a product decision.

Every additional second of onboarding is a drop-off. We budget latency the way we budget accuracy — and when the two conflict, we discuss it with customers openly rather than ship one-size-fits-all defaults.

v.

We ship less, more carefully.

A KYC vendor shipping untested features is dangerous. We'd rather release fewer things, tested harder, than flood a roadmap with things customers have to debug in production.

vi.

The customer's regulator is our regulator.

When one of our customers faces an RBI visit, we treat that as a visit to us. We show up. We supply documentation. We explain model methodology. Because their compliance is our compliance.

Milestones

The journey so far.

2022 · Q2

Recspace founded

Incorporated in Gurugram. First OCR prototype trained on 200,000 Aadhaar samples across 12 regional-language formats.

2022 · Q4

First production deployment

A mid-tier NBFC goes live with Recspace OCR — replacing a legacy vendor and reducing manual ops review by 73%.

2023 · Q2

Face matching API launched

Passive liveness detection ships. iBeta PAD Level 2 certification achieved within six months of launch.

2023 · Q4

SOC 2 Type II audited

Independent audit completed. Data residency architecture in AWS Mumbai (ap-south-1) locked in as contractual guarantee.

2024 · Q3

Masking API and audit ledger

PII masking with tamper-evident audit log. First enterprise NBFC customer uses it to replace three prior KYC vendors.

2024 · Q4

10M verifications milestone

Cumulative verifications crossed 10 million. Multi-region failover went live. p95 latency targets met 99.98% of the time.

2025 · Q3

v3.0 platform release

Unified KYC endpoint, deepfake injection detection, reversible masking with per-tenant KMS. ISO 27001:2022 certified.

2026 · Q1

V-CIP full workflow

Full RBI Video-based Customer Identification Process (V-CIP) support ships. Multiple banks go live in production.

We're proud to be trusted by some of India's most demanding regulated businesses.

We started Recspace because we believed KYC in India deserved better than an import. Every day we show up to keep that promise. To the banks, NBFCs, and fintechs who trust us — thank you. We don't take it lightly.
— The founding team
Recspace · Gurugram

Build on the stack India's financial system trusts.

Thirty-minute walkthrough. Your documents, our production API. See what accuracy and speed look like when they're designed for you.