Allpass.ai triumphs at SiGMA AIBC Euro-Med Startup Pitch
Following stiff competition at the SiGMA AIBC Startup Pitch this afternoon, AI-powered identity verification tool, Allpass.ai took home the trophy for Euro-Med 2025 – netting a substantial prize package that includes perks such as a Startup Marketing Package of $21,300, Cloud Infrastructure Package of $10,000, Blockchain Growth Package of $100,000, Technology Foundation Package up to $400,000, Brand Development Package of $7,000, Industry Education Package of $2,600, Talent Acquisition Package of $2,000, Corporate Setup Package and Executive Networking Package.
Hosted by Olga Yaroshevsky, MD of AIBC, the startup competition put 3 compelling pitches under the Euro-Med spotlight. A global line-up of startups took deep tech innovation to the next level, delivering powerful projects on everything from property tokenisation, data-driven advertising tools and game authenticity to care-to-earn and crypto payouts into focus.
Allpass.ai: The winning pitch
Denys Galenko, Co-Founder of Allpass.ai started his pitch by painting a picture of the current landscape. He emphasised that last year the iGaming industry lost a whopping 16 billion dollars due to KYC and AML issues. While there are a number of solutions out there for large scale companies – 80% of the market is represented by small and medium sized businesses – the options simply do not meet their needs, are too difficult to use, require dedicated compliance teams and knowledge and can be costly.
Enter Allpass.ai. With prestigious clients already including Google and Mastercard, registered in Estonia with RnD in Ukraine and a team 17 strong, Allpass.ai is an identity verification provider that helps companies face and solve their digital identity challenges and issues. Focused on a customer-centric, privacy-oriented approach along with top-notch compliance and the highest conversion rate, they offer customized solutions for a fast and secure onboarding process, and implementation of document and identity verification services into web and mobile products.
“There’s a certain portion of players and users lost to KYC – the conclusion is it’s a painful process. The solutions are great from an operator’s perspective – but how do you make it less difficult for whoever is going through the process itself?” asked judge Jarek Bialek.
“We’re very well experienced – not only with iGaming and crypto – but we started in the banking sector back in 2019, onboarding people digitally during the pandemic. What we learned from them is that the audience is completely different. You need to respect your audience and understand who they are through a tailored, easy-to-use approach.”
Vladimir Malakchi then probed him on his seemingly low profile in the industry. “Where were you?” he asked. “When there’s a good solution out there, everyone knows about it. How many operators do you have right now and what’s your plan for 2026?”
Galenko explained that they have mainly been working with classic banks, and fintechs and are known in crypto and blockchain with exchanges and wallets – they now find themselves newcomers in the gaming sector – with SiGMA Euro-Med his first conference of its kind. “We are here to discover what is a whole new world for us.”
Additionally, Mikko Puhakka queried whether new technology was being used to avert risk when taking photos.
“It is not just a photo or selfie. It is called a liveliness deduction technology, where with the help of the device we can detect everything from the muscles to the heat from the face – identifying if it is a real person or deep fake.
Fresh off the stage and still clutching his trophy, Galenko commented that there is “a very high demand currently, regulatory pressure is increasing more and more each year and everyone is looking for a pain killer – so I think we’re right on time.”
“It is an amazing opportunity to be presented here at the SiGMA AIBC Euro-Med Startup Pitch, to shine, to find new contacts, new networks and get into the industry – this is where the heart of iGaming is written.”
Next steps for Allpass will focus on converting the numerous contacts acquired during the SiGMA AIBC conference this week to future partners and clients, and increasing their presence in the industry.
He concludes with a piece of advice for other startups looking to emulate success: Get your clients as fast as possible and all the rest will come.
SiGMA AIBC Startup Pitch: Judged by experts
The judging panel included a number of well-known industry names, including: fintech expert Jarek Bialek, CEO of Revenue Capital, CMO of CloudCoin Consortium, Mikko Puhakka, Founding Partner at Lion Partners, and a former MySQL seed investor with decades of experience in international market entry and innovation, Anton Golub, CBO at Freedx, strategist in exchanges and tokenisation with C-level experience across digital assets, Vladimir Malakchi, founder of Xanada Investments – and the cover story of this issue of SiGMA Magazine, and William Spiteri Bailey, President of The Malta Chamber, and a governance and finance expert.
The pitch was held on the second day of the Euro-Med event, a conference and expo taking place this week at the Mediterranean Maritime Hub (MMH) in Malta.
