Vida Pick Deck

Investor
Pitch Deck
Updated March 2021
PT. Indonesia Digital Identity

www.vida.id
info@vida.id
1
EXECUTIVE SUMMARY
INDUSTRY OVERVIEW
COMPANY OVERVIEW
BUSINESS OVERVIEW
REGULATORY FRAMEWORK
FUNDRAISING PLAN
APPENDIX
Executive Summary
VIDA’s goal is to do one simple thing very well: to make it easy for you to prove who you are. We leverage our expertise in
cybersecurity to build products that fundamentally change the User Experience of all digital platforms and products. We connect a
simple “Face ID” user experience with instant identity proofing against authoritative sources. We believe that simplicity and speed
will win over consumers trying to sign up for a new service, log back into an account, or conduct a transaction online. Our
security is there to ensure that our products are built to last, and ensure we protect the privacy and identity of our users.
VIDA is at the epicentre of monumental wave changes: South East Asia’s rapidly growing internet economy, the increasing
sophistication and proliferation of cyberattacks, and the accelerating digitization to address today’s needs for a low touch
economy.
VIDA aims to connect the dots between various digital ecosystems, as well as help bring offline environments online. We have
planned a series of use cases to help our users with some of the basic pain points in their everyday life: to enable frictionless
mobility, a secure and flexible work environment, and low touch leisure.
As we go to market amidst a world in transition and transformation, we remind ourselves of what is most important for a start-up’s
early success: the agility and dedication of a lean and experienced team.
Rather than building walled gardens, we believe in building bridges. Partnerships are the key to scaling and empowering
ecosystems, anchoring our growth in the resilience of a trusted network.
Thank you for your kind consideration to be a part of VIDA’s journey.

2
EXECUTIVE SUMMARY
INDUSTRY OVERVIEW
COMPANY OVERVIEW
BUSINESS OVERVIEW
FUNDRAISING PLAN
APPENDIX
SEA Internet Economy 20 YEAR HISTORICAL TRENDS
• Nominal $US GDP CAGR: 8,6%

• Public Equities Return: 7,9% US$ terms
• Population CAGR: 1,3%
SEA Internet Economy Sectoral breakdown • Internet User CAGR: 29,2%
• Mobile User CAGR: 27,1%
GMV in $bn GMV in $bn
Source: IMF
Note: GDP based on 2019 Estimates from IMF as of Oct 2019
39%
153B
$300B 15%
VIDA - Verified Identity for All
30% 24%
78B
$100B 45% 39%
62% 15%
$32B 38B 40B 32B
34B
19B 13B 14B
5B 3B 4B
2015 2019 2025
e-Commerce Online Travel Ride Hailing Online Media
2015 2019 2025 CAGR

Notes:
1 Includes online travel, e-commerce, online media and ride hailing sectors
SEA Internet economy as been growing rapidly;

projected even more in the next 5 years
Source: Google & Temasek / Bain, e-Conomy SEA 2019
Indonesia Digitalization
Population
2019, mn people
Others
Indonesia
654
387
267
2019
Indonesia is the biggest constituent in SEA,

rapidly digitalizing with mobile-first behavior
Source: World Bank Group
Indonesia Internet Economy
2015 – 2025
Southeast Asia Internet Economy, 2015 – 2025F, US$ bn CAGR
304
9% 18%
Malaysia Vietnam
8% 27%
Philippines Thailand
9% 15%
Singapore Indonesia
14% 29%
16% 24%
98
32%
44%
31
2015 2019 2025

Notes: 1 Includes online travel, e-commerce, online media and ride hailing sectors
By 2025, Indonesia internet economy will be ~US140bn

Digital Identity Use Cases
Fintech & Corporate

Insurance
oney
E-M ation Offic
fi c e
Veri Entr
y
Fina
nce P
ndi ng
e e Le Invo Os and
Commerce lin Onli
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On
to Healthcare
Re
Pa stra
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in
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og s &
s
Offl ranc
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Pr ion
Insu l Co
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n
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ee
G2P
al ate
r
Onb
et
th
oa
ck
ding r
ng ard t
g
o an
Ti
Do boa
Hailin
livery
On ing
nb ch
ct rd
Prepaid SI
g O er
Rgistratio
or
M
Telco,
De
Card
Media
Ride
tics
Transportation
Broadband
Media, ISP
Food
On
Logis
Websit
& Logistics boardin Proof of ID
M
n
Driver
Use Cases
es
Frequent Infrequent
Digital Identity underpins every digital transactions

*Please Note: Health Declaration includes COVID-19
Pandemic Opens Up Opportunity in Low Touch Economy
% of new digital consumers out of total service consumers (SEA aggregate)

New Economy presents opportunity; VIDA is well positioned

Identity Market Size
Workforce Customer Identity

Identity Identity
$30bn $25bn $55bn
Globally, identity is a US$55bn market opportunity

Source: Okta
Case study: E-money Adoption
Number of E-Money in circulation E-Money monthly transactions
2015-2021 2015-2021
(in million) (in million)
Mn Mn
Indonesia is hitting its J-curve growth in e-money adoption

Source: Bank Indonesia
Case study: Aadhar statistics
Aadhar is an individual ID for residents of India using 4 demographics data and 3 biometric identifiers.
Enrolment Update
1,287,319,647 448,568,000
Aadhaar Generated Aadhaar Updated
Authentication eKYC
52,274,360,641 9,052,254,523
Authentication Done eKYC Done
Source: UIDAI - as of Mar 2021 (uidai.gov.in)

Case study: AuthO sale to Okta
Auth0, a customer identity platform, is acquired by Okta, Inc. (NASDAQ: Okta), a leading provider of
enterprise identity.
● Valued approximately at US$6.5bn

● Since inception in 2013, Auth0 has raised a total of US$332mn in 7 rounds of funding.
● Their last Series F in July 2020 raised a total of US$120mn with a valuation of US$1.92bn.
● Investors includes Salesforce Ventures, Besemeer Ventures, DTCP, Sapphire Ventures, Meritech Capital, World
Innovation Lab, Trinity Ventures, Telstra Ventures, and K9 Ventures.
Source: auth0, okta.

3
EXECUTIVE SUMMARY
INDUSTRY OVERVIEW
COMPANY OVERVIEW
BUSINESS OVERVIEW
FUNDRAISING PLAN
APPENDIX
VIDA Manifesto
We live in an increasingly digital world. Yet our rules of engagement stem from a
time when society was analog, when people would meet face to face. As we
move deeper into the digital space, new challenges surrounding digital identity,
privacy, and cyber security require new solutions and technologies to enable
trust. Trust in the system. Trust in its safety. And trust in each other.
VIDA provides this trusted environment. It empowers individuals with the ability
to effortlessly control their most valuable information – their data and identity –
while protecting this private information with the highest standards of security.
We are creating a frictionless digital identity system. One that fulfills the needs
and expectations of our times, and is available anywhere, for everyone.
VIDA.
Verified Identity for All.
A Principled Digital Identity
INCLUSION OWNERSHIP SIMPLICITY CONFIDENTIALLY CONSENT

Everyone has a right to Individual own their An individual’s use of their An individual has their right An individual’s digital identity
a digital identity identity and personal digital identity should be to keep their digital identity should not be used or shared
data simple and intuitive information private without their explicit consent, or
as permitted by law
TRANSPARENCY SECURITY & INTEGRITY DATA RIGHTS FAIR USE CHOICE

Individuals have the right to Identity data and transactions that Individuals should have the right to An individual’s identity data will be Individuals should have a choice of
understand how their digital involve an individual’s digital access, correct, and delete their used only for legitimate, fair and trusted digital identity providers and
identity data is used and shared identity should be held with the identity data and the right to non-discriminatory purposes the right to opt out or to change the
highest standards of security and recourse if their rights are violated providers
integriy
Source: Mastercard: Digital Identity Report 2019

VIDA Core Technologies
Certificate
Authority
Liveness Detection
Multi-modal
Biometrics
Face Recognition
Trusted Execution
Consent Management Environment (TEE)
What we offer: VIDA Stack
Value proposition What is it? VIDA’s Products
Integrity Fraud-less Ensure end-to-end data INTEGRITY SUITE

GPS anti-spoof
Transactions integrity
Layer App Attestation
Device Attestation
Password-less Multi-factor strong UNLOCK SUITE

Access authentication Multi-factor Authentication
Authentication
Layer Identity Access Management
Digital Locker
Contract Paper-less Legally valid acceptance to SIGN SUITE

Agreements agreements Mobile signing
Layer Server signing
Certificate Friction-less Issue a trusted identity CERTIFICATE SUITE

USB token/SSL
Chain of Trust certificate
Layer Identity Management
Verify the identity of your

Identity & Presence-less
customers remotely
VERIFY SUITE
Liveness
Identity Proofing
Consent Layer Face Verification
Consent Management
Digital Identity Customer Lifecycle
Fraud Prevention
Identity Proofing and Consent 05 05 Ensuring transactions
Verification of customers identities integrity to prevent
during the registration process. 01 tampering, malware
intrusion and fraud
Issuance of credentials to verified

customers; Records of consent as
per personal data protection bills Access Management
and regulations.
Evaluating asserted
04 credentials and factors to
establish confidence that the
Credentials Management customer is who s/he claims
02 to be remotely
Management of issued
credentials - protection
against breaches while 03 Contract Management
ensuring usability and
accessibility Record of legally binding
acceptance to service
agreements
VIDA Stack comprehensively covers the Digital Identity Customer Lifecycle

VIDA App: A Trusted Digital Identity Provider
The only Indonesian WebTrust Certified
Certificate Authority (CA)
Certified and officially recognized by Indonesian

Ministry of Communication and Information a
non-Government Institution Electronic Certificate

Provider
Certified ISO/IEC 27001:2013 by TÜV Rheinland

for Information Security Standard Protection
The only Indonesian CA with Adobe Approved

Trust List (AATL) & Adobe Cloud Signing Partner
How It Works
Competitors Heat Map in Indonesia
Identity Credentials Contract Fraud
Access Management
Proofing & Consent Management Management Prevention
Dukcapil demog API, Federated digital identity Contract signing Multi-factor authentication Device attestation, app
KTP photo, KTP with under CA that open to any with USB token, including device, app, attestation, Point to point
NFC, video call KYC authorized relaying parties mobile signing and biometric and transaction encryption, distributed
cloud signing token private key
Dukcapil demog API, CA based identity for Mobile and server signing Predefined user id,
manual verification digital signature use with enough signing password, SMS OTP or
of KTP photo cases workflow for individual phone device biometric
and company unlock
Mobile and server signing

Manual verification of CA based identity for with enough signing Email, password,
KTP photo and Tax digital signature use workflow for individual SMS OTP
card photo cases and company
Manual verification of CA based identity for Mobile and server signing

KTP photo and Tax Email, password,
digital signature use with enough signing
card photo SMS OTP
cases workflow for individual
and company
BSSN is not offering the service for non-government market
BPPT service is limited for R&D and Gov initiatives only
VIDA is forefront in providing integrated solution

Non-Federated Assurance Matrix
Authenticator
Assurance Level (AAL)
AAL 3
Authentication using
a PKI* based system
and biometric data
AAL 2
Authentication using
a 2FA (biometric as a
factor optional)
AAL 1
Authentication
using a
password/PIN
Identity Assurance
Level (IAL)
IAL 1 IAL 2 IAL 3
No identity Verifies identity against Verifies identity digitally against
information collected govt-issued identity data govt-owned biometric data
*Public key infrastructure
Source: NIST 800-63 standard (adapted to Indonesia context)

Key Management
Niki Luhur
Chief Executive Officer
● 13+ years of experience in payments, fintech, and public policy

● Chairman and Co-Founder of the Indonesian Fintech Association
● Founder and CEO of Kartuku
● Special Advisor for Fintech and Financial Inclusion to Minister of
Communication and Informatics

● Endeavour Entrepreneur
Sati Rasuanto
Chief Commercial Officer
● 15+ years experience in project finance, investment,
development & public policy, startup acceleration/
entrepreneurship
● Co-founder & former Managing Director, Endeavor Indonesia
● Chief of Staff/Special staff for the Minister of Investment/
Chairman of Investment Coordinating Board of Indonesia
● Operation Officer/finance specialist - Infrastructure (Power &
Water sector), World Bank Group
● Association/awards: Kauffman Fellows, Yale World Fellows,
Equity/Atlantic Fellows
Key Management
Gajendran Kandasamy
Chief Operating Officer
● 15 years experience in Innovation and Security

● Formerly CIO at Xendit, CIO at MatchMove
● GM at TUV Rheinland, Head of Binus Innovation Center
● Research Associate - Imperial, Heidelberg
● Visiting scholar - Cambridge, Munich

● Double PhD in Quantum Computing and Innovation Management
● Professional qualifications: PCI-QSA, CISSP, ISO 27001 LA, IMS CP
Srinath Ventakaramani
VP of Engineering
● Extensive experience in Security, monitoring and web applications

with specialties in Java, J2EE, and Cloud service
● Director of Development - Symantec, leading VIP end-points and
Gateway enterprise product suite
● Development Manager - VeriSign, managing VeriSign Identity
Protection client suites
● Module Lead - Azul Systems, responsible for LDAP based
authentication PAM module for theAzul Appliance
Key Management
Jeffrey Siaw
VP, Data Scientist
● 7+ years as Data Scientiest
● Principal Data Scientiest at Grab
● Data Scientiest at 9GAG
● Co-founder of Quasi Convex Union
● Decision Scientist at Wonga

● Senior Associate at PriceWaterhouseCoopers Risk Advisory Business
4
EXECUTIVE SUMMARY
INDUSTRY OVERVIEW
COMPANY OVERVIEW
BUSINESS OVERVIEW
FUNDRAISING PLAN
APPENDIX
VIDA Main Product Offerings
VIDAverify uses face biometric VIDAsign enables applications to VIDAaccess offers the most
recognition and other user data to replace manual paper-based advanced secure-user
instantly verify the user’s identity signatures, allowing an identified authentication process available,
during online registration and signer to sign a document with more advanced security,
login. digitally and securely, simply by universal compatibility across
unlocking their phone. Android and iOS devices, and
excellent user experience.
EKYC Face Verification
VIDA eKYC verification eliminates any possibility VIDA Face Verification uses a combination of
of fake registration, application fraud, and identity facial attribution software and liveness detection
fraud. eKYC can integrate easily into your existing to determine with over 99.8% accuracy whether
SDK, API, and iFrame platforms. By comparing two facial images - the one in the reference
biometric and demographic data with the national database and the one looking into the camera -
database, VIDA eKYC verification provides a legal are of the same person. This completely
guarantee of the user’s identity. eliminates the need for passwords or
multiple-step user input.
Digital Signing USB Token Signing
The signer is identified using the electronic USB Token is a password protected devices where
certificate (eKYC) process, and the signature on the personal identity is stored in the digital
the document is governed by Public Key certificate form.
Infrastructure (PKI) protocol.
Multi Factor Authentication Access Management
VIDA MFA is an easy way to use multi-factor VIDA Access is a visitor and secure access
authentication to protects your company account control network with high-security standards
and access by using other sources of validations without compromising the user experience.
and provides higher security with a better user
experience which applies to many use cases.
VIDA’s Clients
Product Traction
● Started in December 2020. ● Started in January 2020, supporting ● Started in February 2020, supporting
our strategic client Grab in signing our strategic client Gojek

● Utilizes web-based Check in & Check contracts with drivers
out in 47 McDonalds outlets ● Minimum committed contract value of
● Minimum committed contract value of
~US$420k for 12 months (min. of 2 ~US$1.1mn for two years
● By March 2020, VIDA Access has mn drivers)
processed more than 1.4mn check-ins ● Currently, VIDA verifies an average of
and processed 720k registrations ● Potential cross-selling: Merchant 300k drivers’ face per day
onboarding, ride hailing, driver loan
● Contracted price: Rp.500/registration agreement, merchant loan agreement ● Potential cross-selling: E-money
verification, driver onboarding, ride
● Annualized revenue: US$77k hailing, merchant onboarding, paylater
loan agreement, driver loan agreement,
● Potential cross-selling: Employee merchant loan agreement
onboarding, driver onboarding, Adobe
Sign powered by VIDA
VIDA Case Study: Strategic Government Project for SME
Welfare
VERIFY
SUITE
Beneficiary Verification
Provide the digital identity solution to
shape the G2P 4.0 to achieve a
simplified flow, speed up the process,
and reach the accurate target with a
more transparent direct process.
Use Case
● Verification of Beneficiary Identity
● Verify Seller Identity
How it Works
IDA verify beneficiary identity against
National ID Database and other data
such as Social Ministry
VIDApass with automatic thermal scan
Video Link
Priority Territories and Use Cases
P2
P2
Fintech & Corporate
Insurance
P1 oney
E-M ation Offic
fi c e
Veri Entr
y
Fina
g nce
ndin P
e e Le Invo Os and
Commerce lin Onli
n ices
On
to PX
Va istr
Re
e Healthcare
cc ati
g
in ce
er
in on
Offl ranc
e Lega
e
m Insu l Co
P1 om ntra
c
Re
ts
Pa stra
C
al
gi
tie tio
ci
So
nt n
Emp
loy
He tific
Ce
ee
G2P
al ate
r
Onb
th
oa
ding r
ng ard t
g
bo han
Hailin
livery
i
PX
On erc
Registratio
M
SIM Card
Telco,
De
Ride
Transportation Media, ISP

Food
On
g
& Logistics boardin Proof of ID
Driver
n
Use Cases
Frequent Infrequent
xx
PX = Incubation, Prototyping
How to decide what Identity Use Cases to Prioritize first?
Frequency
High
Office Entry Health Certificate

Vaccine Registration
Patient Registration
Food Delivery Finance POs and Invoices
Offline to Online Ride Hailing
Social Commerce
E-Money Verification
Insurance
Online Lending
G2P
Legal Contracts
Low Driver Onboarding
Employee Onboarding
Merchant Onboarding
Prepaid SIM Card Rgistration
Level of
Low High
Assurance
VIDA is prioritizing both high level of assurance and high frequency of usage
High-Level GTM Strategy
VIDA VIP Adobe Sign powered by VIDA

Flagship product
Establish VIDA Brand Image by

Convert VIPs to corporate co-branding with Adobe. VIDA digital
customers (target 200 signature to be accessible through
corporates) Adobe interface, vice-versa.
Marcomm
VIDATalk & VIDA Webinar - Webinars & launch events on

digital signature, data privacy, product-related, etc.
Marketing Communication Cycle: How to Grow Market
ENGAGE AUDIENCE TO DOWNLOAD & USING APP
1. Grand launch Super App
AWARENESS/ EDUCATION 2. Founder Forum (CXO event)
Education through series of event: 3. Content Video Marketing
1. VIP Launch 4. Email marketing
a. Email marketing 5. Content Marketing
b. Whatsapp marketing a. On boarding video
b. Blog articles (website) for SEO
c. Social media content
d. PR Activity
B
Awareness / Engagement/
Education Consideration C
A
Inspiration/ Conversion/
Life Event Purchase/ Decision
D
Post-purchase
VIDA App Re-purchase
Experience
CONVERSION PURCHASE/ DECISION
Digital Ads and Organic Campaign
1. Video Marketing Promo
E 2. Blog Articles (Website)/ SEO
3. Social Media Content
Solution implementation for business - 4. PR Activity
Testimonial (Video/ Image/ Articles) 5. Email marketing
6. Influencer marketing
7. Event series
Timeline Adobe Sign Activities
Integrated timeline from product readiness - product launch - marketing launch - sales promo
campaign
ACTIVITY
Disclaimer: *M1 is the Month the product will be ready M1* M2 M3 M4 M5 M6 M7 M8 M9
Sales & ops

Product availability - Web on Adobe Sign CSC platform training
All hands - internal

Product launch internal & invitation to try (experience & feedback) launch
Marketing launch
- Media launch/ press conference & press release
- Enterprise launch/ virtual event launch
- Community launch/ webinar series
- Digital promotion & PR activity
Sales launch
- Sales training
- Promo campaign - post launch
The information contained in these documents is confidential and may not be used, published or redistributed without the prior written consent of VIDA - PT. Indonesia Digital Identity
VIDA Revenue Model (Pricing)
VIDA’s Products Pricing model Price range
INTEGRITY SUITE
Residency fee per device per user US$0.10/device/y
GPS anti-spoof
App Attestation ear
Device Attestation
UNLOCK SUITE Fee per transactions US$0.03/trx or

Multi-factor Authentication
Identity Access Management
Digital Locker
(authentication) US$2/user/mo
SIGN SUITE Fee per transaction

Mobile signing
Server signing (signing / envelope) US$0.14 - 0.25/trx
CERTIFICATE SUITE Fee per transaction

USB token/SSL
Identity Management (certificate issuance) US$20 - 50/year
VERIFY SUITE Fee per transaction

Liveness
Face Verification (verification) US$0.10 - 0.50/trx
Consent Management
Commercial Pipeline - Clients in Discussion
Industry / Territory Total Clients
Status of Potential
Source Total Clients
Banking & Insurance 16 Discussion for Annual No of
Priority Clients* Revenue (USD) Clients
Inbound Request 66
Education 2
40%, 60%, 80% 1,104,664.83 9
VIDA Approach 84
Fintech 19 20% 5,591,428.28 28
Grand Total 150
Government / BUMN 14 Total 6,696,093.10 37
Healthcare 10
Logistics 5
Public Listed / MNC 27
Retail 30
SMB 2
Tech Company 21
Telco 4
Grand Total 150

Notes:
*40% is Solutioning, 60% is Negotiation/Tender Process, 80% is Closing/Signing
Future Growth Strategy
Product Expansion
Product Expansion 2021 Q4
2021 Q3
Vertical Expansion Area of focus
2021 Q2 Area of focus Cybersecurity -
Multi Factor Authentication
Product Expansion Telco
ISP
2021 Q1
Area of focus
Entry Strategy
Fintech
Area of focus Partnership with Microsoft
Insurance Entry Strategy
Biometric eKYC Intelligence Security
Healthcare sector SIM Card eKYC
Document Signing / Digital Association- Fully
Partnership with CA
Signatures integrated MFA with
Entry Strategy Brower Forum (e.g.
Microsoft Active Directory
Microsoft, Google) - SSL
Online Lending
Entry Strategy Certificates
e-Money Verification
Partnership with Adobe for
Vaccine Registration
Document signing solution
Health Certificates
SMB self service portal
VIDA’s 5-year growth strategy will focus on expanding to new verticals and
products, then new markets in 2022 onwards starting with Singapore
5
EXECUTIVE SUMMARY
INDUSTRY OVERVIEW
COMPANY OVERVIEW
BUSINESS OVERVIEW
FUNDRAISING PLAN
APPENDIX
VIDA’s Areas of Compliance
Electronic
Transactions
Consumer With emerging markets making

Protection rapid strides towards digital
economy, the regulatory
paradigm necessitates
businesses to ensure customer
Data trust, and VIDA helps its clients
Privacy comply with it
Cybersecurity
VIDA Global Certification
Registered Registered
Authorized CA
Certified Regulatory Regulatory
Partner
Sandbox Sandbox
Government and Regulatory Compliance
Industry Standard and Certification Compliance
Associate AATL Member

Certified Certified
Member (in Progress)
ASEAN Regulatory Framework
Electronic
Consumer Protection Data Privacy Cybersecurity
Transactions
Brunei Darussalam Yes Yes No Yes
Cambodia Draft Draft No Draft
Indonesia Yes Yes Yes Yes

Lao PDR Yes Draft Yes Yes
Malaysia Yes Yes Yes Yes
Myanmar Yes Yes No Yes
Philippines Yes Yes Yes Yes
Singapore Yes Yes Yes Yes
Thailand Yes Yes Yes Yes
Vietnam Yes Yes Yes Yes

Notes: This table reflects existence of either enacted regulations or draft Bill that are being formulated
6 Out of 10 ASEAN Countries Have Legal Frameworks to Support Digitalization

Source: World Bank Report on Digital Economy in Southeast Asia
Electronic Transactions
Ministry In-Charge
VIDA is 1 out of 4 certified CAs under Ministry of

IT & Communications (Kominfo) in Indonesia
Keys Highlights in Indonesia: Key Highlights in ASEAN: Future development:
● All electronic transactions Multiple ASEAN countries have ASEAN countries are moving
must use a digital certificate enacted legislation for electronic towards acknowledging electronic
issued by Indonesian transactions. For example, contracts and transactions
Certificate Authority (CA) Singapore has passed Electronic
● Data localization Transactions Act with recognition
requirements have relaxed for of CA. Lao, Myanmar, Thailand,
private electronic providers Brunei and Vietnam also have
regulations on online transactions
Most ASEAN countries have a developed legal framework for

electronic transaction
Source: World Bank Report on Digital Economy in Southeast Asia, Literature search, Expert analysis
Consumer Protection
Sector Specific Regulators
VIDA’s products will help clients in 9 sectors1 to

comply with Pillar III requirement
To improve enforcement of Consumer ASEAN countries, such as, Movement towards an integrated
Protection Act, Indonesia created a Singapore and Malaysia have regulation for cross border
National Strategy consisting of: comprehensive protective regimes e-commerce transactions to
● Pillar I: Improving the for both offline and online minimize frauds
Effectiveness of Government Role transactions. Whereas, Lao PDR
● Pillar II: Consumer Empowerment and Cambodia and are just
● Pillar III: Improving Business beginning to address consumer
Compliance issues.
Notes:
1 Sectors are food and drugs, electricity and gas, e-commerce, financial services, housing, telecommunication services, electronics, telematics and motor vehicle transportation, and health
services
ASEAN countries have varied levels of Consumer Protection Act,

making online fraud prevalent and VIDA’s solution highly valuable
Data Privacy
Ministry In-Charge
VIDA’s data processing protocol will help clients comply

with Personal Data Protection Act, when enacted
● The data privacy has been a ASEAN countries, such as, Majority of ASEAN countries are
part of various laws and Singapore, Malaysia and Philippines moving towards adopting
regulations on Electronic have comprehensive data international regulations, such as,
Transactions & Systems protection laws. Indonesia and OECD Privacy Principles, GDPR, and
since 2008 Thailand are currently drafting data ASEAN Privacy Framework.
protection laws
● Indonesia has recently
drafted a Bill on Protection of
Private Personal Data, which
will soon become an Act
ASEAN countries formulated Data Privacy Laws recently,

most of which are similar in nature
Cyber Security
Multiple Bodies In-Charge
Based on Context
VIDA is is granted WebTrust License. It is able to offer
secured solutions, such as SSL, to its clients
● Cyber-related issues have been Apart from Singapore and Malaysia, At the regional level, an overarching
a part of Electronic few ASEAN countries have made governance or unifying framework to
Transaction laws and significant progress in address cybersecurity needs to be
regulations. However, it does cybersecurity regulations and established
not cover the detailed scope of significant investment in “soft” and
cyber threats. “hard” infrastructure to prevent
● Indonesia has recently drafted cyber attacks.
Cybersecurity Bill, expected to
be passed as an Act in near
future
Most ASEAN countries do not have developed Cyber Security Regulations
VIDA as a RegTech
1 Cost Reduction
Globally, large banks are spending as much as $500 million annually
and 10% of financial institutions at least $100 million annually on KYC
and customer due diligence programs
2
New rules on consumer rights and data protection have made it

New & Challenging difficult for businesses to understand implications and comply with
Regulatory Concern regulatory changes
3 Regulatory Risk
Management
There are gaps and uncertainty when it comes to regulations too.
RegTech helps businesses to focus on their core solutions, while
managing the risks concerned with regulations
VIDA, through its solutions, helps businesses save as much as 4% of their

revenue in complying with regulations
Source: Accenture Blog on Importance of RegTech, Cambridge Centre for Alternative Finance (CCAF) Report on Global RegTech Industry
6
EXECUTIVE SUMMARY
INDUSTRY OVERVIEW
COMPANY OVERVIEW
BUSINESS OVERVIEW
FUNDRAISING PLAN
APPENDIX
Fundraising Roadmap
Founder’s capital Friends & Family Series A

round round
Raised Raised Target raise:

USD 10 mn USD 5-6 mn USD 10-20 mn
Jan 2019 Jan 2021 Sep 2020 March 2021 April 2021 Sep 2021
Projected
revenue Pre-rev US$ 1.6 mn US$ 6.7 mn
(run-rate @
closing)
Friends & Family Round Investors
No Investor Amount (US$)
1 Excel Year Assets Ltd 150,000
2 Ferro Investment Ltd 500,000
3 Kind Capital 100,000
4 Lesly Goh 100,000

5 Millenial Corporation 250,000
6 Richard Gibson 105,000
7 Sequis Investama 500,000
8 Sun Gong Pty Ltd 100,000
9 Elizabeth Selby 100,000
10 Andre Sion 100,000
11 Epsen Halim 50,000
12 Maloekoe 500,000
TOTAL 2,555,000
7
EXECUTIVE SUMMARY
INDUSTRY OVERVIEW
COMPANY OVERVIEW
BUSINESS OVERVIEW
FUNDRAISING PLAN
APPENDIX
VIDA Product Suites - VERIFY
General Availability Development phase
VERIFY CERTIFICATE SIGN UNLOCK INTEGRITY

SUITE SUITE SUITE SUITE SUITE
VALUE PROPOSITION FEATURES
INSTANT ID PROOFING AGAINST SILENT AND INTERACTIVE

GOVERNMENT DATABASES LIVENESS CHECKS
HIGHER CONVERSION RATES FOR VERIFY THE IDENTITY NUMBER ON

REMOTE ON-BOARDING THE ID CARDS (NIK, AADHAR)
REDUCED IDENTITY FRAUD

Put your ID Card inside the box
COMPARE SELFIE WITH PHOTO ON
AN ID CARD
LOWER OPERATIONAL COSTS FOR
CUSTOMER ACQUISITION CHECK BIOMETRICS AGAINST A
GOVERNMENT MANAGED
COMPLIANCE WITH PERSONAL DATABASE (DUKCAPIL)
DATA PROTECTION LAWS
USER REQUESTS UPLOADS A SELFIE IDENTITY
A SERVICE GOVERNMENT ID VERIFICATION CONFIRMED
< 45 seconds
VIDA Product Suites - CERTIFICATE

INSTANT DIGITAL CERTIFICATES VIDA IS A REGISTERED CERTIFICATE

ISSUANCE TO VERIFIED USERS AUTHORITY IN INDONESIA
MANAGE DIGITAL IDENTITIES WITH SECURE CERTIFICATES IN CLOUD

MILITARY-GRADE SECURITY HSM
LIMIT APPLICATIONS ACCESS TO DISTRIBUTE CERTIFICATES IN

TRUSTED USERS FROM TRUSTED ISSU
REMOTE FIPS 140-2 FIPS 140-2 SMART CHIPS (FIPS 140-2 LEVEL 3)
DEVICES E A DIGITAL
SERVER LEVEL-3 SMART LEVEL-1 SECURE
CERTIFICATE TO
HSM CHIP ELEMENT
VERIFIED USERS GENERATE AND STORE
RESILIENT TO IMPERSONATION,
ATTACH DIGITAL IDENTITY TO CERTIFICATES IN SMARTPHONES
BIOMETRICS (FIPS 140-2 LEVEL 1)
CERTIFICATE STORAGE
VIDA Product Suites - SIGN

HIGHER CONVERSION RATES - GUARANTEED LEGAL

CONVENIENCE FOR CUSTOMERS ENFORCEABILITY IN THE COURT
OF LAW
SIGN A CONTRACT REMOTELY
ANYWHERE, ANYTIME AUTHENTICITY ASSURANCE,
IDENTITY VALIDATED WITH HIGH
MULTICHANNEL - DESKTOP, ASSURANCE
CLOUD AND MOBILE SIGNING
NON-REPUDIATION ASSURANCE
COST SAVINGS - NO PHYSICAL
FOOTPRINTS VIDA PROVES THE EXISTENCE OF
CONSENT
HISTORICAL LOG & AUDIT TRAIL
IMPORT A ADD SIGNATURE VERIFY YOUR LEGALLY VALID
DOCUMENT FIELDS IDENTITY SIGNATURES
< 60 seconds
VIDA Product Suites - UNLOCK

VALUE PROPOSITION TRANSITION TO PASSWORDLESS AUTHENTICATION FEATURES
PASSWORD-LESS CONTEXT BASED STEP UP

AUTHENTICATION WITH HIGHER AUTHENTICATION
ASSURANCE
USER LIFECYCLE MANAGEMENT
CONTACT-LESS PHYSICAL User request User enters Selfie Identity
CHECK-INS AT SUPERMARKETS, service the ID verification confirmed FEDERATED SINGLE-SIGN ON
OFFICES, HOTELS USING SAML/OAUTH
HUNDREDS OF VULNERABLE PASSWORDS
REUSABLE IDENTITY: QR-CODE ROLE AND ATTRIBUTE BASED
TO A REUSABLE DIGITAL IDENTITY ACCESS CONTROL
BASED SECURE ACCESS TO
DIGITAL SERVICES
MANAGE GROUPS & POLICIES
OBTAIN USER’S AUTHORISATION
VIA VIDA APPS SELF SERVICE & SUPPORT
Login QR Code scan Accept/Reject Face ID Login complete
VIDA Product Suites - INTEGRITY


The application The server
PREVENT authenticates the authenticates the TRUSTED DEVICE CONTROL
EMULATOR ATTACKS SERVER DEVICE, APP and USER
TRUSTED APPLICATION
INTRUSION PREVENTION PROTECTION
APPLICATION TAMPERING DATA (IN TRANSIT)

TRUSTED CONFIDENTIALITY & INTEGRITY
APP POINT TO POINT
ROOT/DEBUG DETECTION
ENCRYPTION
VERIFIED USER
ASSET/CONTENT (AT REST)
MAN IN THE MIDDLE ATTACKS TRUSTED TRUSTED SERVER PROTECTION
DEVICE
UNAUTHORIZED CONTENT TRUSTABILITY OF CERTIFICATES
ACCESS
VIDA Smart Estate Solution
System Management
● Device/Person/Policy Mgmt.
● Event/Record query
Visitor Management
● Employee, visitor
management
Attendance Management
● Attendance Rules
● Attendance Records
Access Management Temperature Screening

● Facial Recognition identification ● Face temperature screening
(Door, Gate, turnstile, Elevator) ● Mask detection
VIDA Technical Architecture

VIDA Stack
Integrity Fraud-less Device App CertificateV

Layer P2PE DRM
Transactions Attestation Attestation alidation
Biometric
Pass/PIN +
Auth Password-less Password PIN
Pass/PIN + Pass/PIN +
PKI based
with a PKI
Access SMS OTP Push Noti. based
Layer factor
factor
Hybrid
Paper-less Contract
Contract Local Remote (Local and
Lifecycle
Layer Agreements Signing Signing Remote)
Management
Signing
Hardware-less Identity in a
Trust CA - SSL
Identity in Identity in a
Smartphone
Layer Credentials Cloud USB eToken
(TEE)
Identity Presence-less Phone Govt. ID Smart Remote

National
E-mail Identity
Layer Identity Number Card Cards Agent
Databases
VIDA Product: eKYC SDK

Layer P2PE DRM
Biometric
Pass/PIN +
PKI based
with a PKI
Layer factor
factor
Hybrid
Paper-less Contract
Lifecycle
Management
Signing
Trust CA - SSL
Smartphone
(TEE)

National
E-mail Identity
Databases
VIDA Product: Web SDK

Layer P2PE DRM
Biometric
Pass/PIN +
PKI based
with a PKI
Layer factor
factor
Hybrid
Paper-less Contract
Lifecycle
Management
Signing
Trust CA - SSL
Smartphone
(TEE)

National
E-mail Identity
Databases
VIDA Product: USB eToken

Layer P2PE DRM
Pass/PIN + Biometric
PKI based with a PKI
Access SMS OTP Push Noti.
Layer factor based factor
Hybrid
Paper-less Contract
Lifecycle
Management
Signing
Trust CA - SSL
Smartphone
(TEE)

National
E-mail Identity
Databases
VIDA Product: App Attestation

Layer P2PE DRM
Pass/PIN + Biometric
PKI based with a PKI
Access SMS OTP Push Noti.
Layer factor based factor
Hybrid
Paper-less Contract
Lifecycle
Management
Signing
Trust CA - SSL
Smartphone
(TEE)
Identity Presence-less Phone Govt. ID Remote

National
E-mail Smart Cards Identity
Layer Identity Number Card Agent
Databases
www.vida.id

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Investor

PT. Indonesia Digital Identity

Thank you for your kind consideration to be a part of VIDA’s journey.

• Nominal $US GDP CAGR: 8,6%

e-Commerce Online Travel Ride Hailing Online Media

2015 2019 2025 CAGR

SEA Internet economy as been growing rapidly;

Indonesia is the biggest constituent in SEA,

2015 2019 2025

By 2025, Indonesia internet economy will be ~US140bn

Fintech & Corporate

Digital Identity underpins every digital transactions

% of new digital consumers out of total service consumers (SEA aggregate)

New Economy presents opportunity; VIDA is well positioned

Workforce Customer Identity

$30bn $25bn $55bn

Globally, identity is a US$55bn market opportunity

Indonesia is hitting its J-curve growth in e-money adoption

Aadhaar Generated Aadhaar Updated

Source: UIDAI - as of Mar 2021 (uidai.gov.in)

● Valued approximately at US$6.5bn

Source: auth0, okta.

INCLUSION OWNERSHIP SIMPLICITY CONFIDENTIALLY CONSENT

TRANSPARENCY SECURITY & INTEGRITY DATA RIGHTS FAIR USE CHOICE

Source: Mastercard: Digital Identity Report 2019

Value proposition What is it? VIDA’s Products

Integrity Fraud-less Ensure end-to-end data INTEGRITY SUITE

Password-less Multi-factor strong UNLOCK SUITE

Contract Paper-less Legally valid acceptance to SIGN SUITE

Certiﬁcate Friction-less Issue a trusted identity CERTIFICATE SUITE

Verify the identity of your

Issuance of credentials to veriﬁed

VIDA Stack comprehensively covers the Digital Identity Customer Lifecycle

Certiﬁed and oﬃcially recognized by Indonesian

non-Government Institution Electronic Certiﬁcate

Certiﬁed ISO/IEC 27001:2013 by TÜV Rheinland

The only Indonesian CA with Adobe Approved

and company unlock

Mobile and server signing

Manual veriﬁcation of CA based identity for Mobile and server signing

BSSN is not offering the service for non-government market

BPPT service is limited for R&D and Gov initiatives only

VIDA is forefront in providing integrated solution

*Public key infrastructure

Source: NIST 800-63 standard (adapted to Indonesia context)

● 13+ years of experience in payments, ﬁntech, and public policy

Communication and Informatics

● 15 years experience in Innovation and Security

● Visiting scholar - Cambridge, Munich

● Extensive experience in Security, monitoring and web applications

● Decision Scientist at Wonga

our strategic client Grab in signing our strategic client Gojek

Transportation Media, ISP

Oﬃce Entry Health Certiﬁcate

VIDA VIP Adobe Sign powered by VIDA

Establish VIDA Brand Image by

VIDATalk & VIDA Webinar - Webinars & launch events on

Disclaimer: *M1 is the Month the product will be ready M1* M2 M3 M4 M5 M6 M7 M8 M9

Sales & ops

All hands - internal

- Media launch/ press conference & press release

- Enterprise launch/ virtual event launch

- Community launch/ webinar series

- Digital promotion & PR activity

Disclaimer: M1 is the Month the product will be ready M1 M2 M3 M4 M5 M6 M7 M8 M9