Microblink is an R&D company developing proprietary computer vision technology optimized for realtime processing on mobile devices. Advanced neural networks and deep learning techniques are used to process the fastest and the most accurate text recognition locally on a mobile device. Therefore, we offer a variety of products as mobile SDK (software development kit) or Web API tailored for specific use-cases.
We aim to completely eliminate the need for manual data entry on mobile devices, thus improving user experience and engagement.
Our worldwide customers' network in over 60 countries includes banks & financial institutions, telecoms, retailers, insurance, system integrators, app developers, startups and other service and production oriented companies.
Mobile OCR enables data capture in a variety of use-cases: mobile payments, onboarding of new users in an app, KYC, expense tracking, ticket validation, check-in at airports and hotels, security, loyalty card activations, SIM card registration, TOP UP, and voting registration amongst others.
In 2020 we worked hard on our products to refine their accuracy and coverage, making them available on new platforms. Our determination and focus resulted in BlinkID working in all major web browsers and BlinkCard v2.0 — newly powered by our machine learning models. We also introduced a lot of new features, including Document Capture in BlinkInput. Financial Times and Deloitte recognized our efforts and ranked us among the top fastest-growing companies in Europe and the EMEA region.
2019 was quite an eventful year. We upgraded the AI system to the extent that it enabled intelligent data extraction, which led to the BlinkID v5 launch. A successful demo where we presented new, advanced features for BlinkID was held at Finovate Europe. Also, we brought into being a new product: BlinkCard - a solution for fast and simple scanning of credit and bank cards.
More acknowledgments came in: GLOMO awards nomination, Best of Show at Finovate Europe, and 14th place in the Deloitte Technology Fast 50 Central Europe. We launched a new platform: the Web API, and added support for many new types of documents. AI learning was advanced to ensure the highest level of accuracy, speed & security throughout the process. All that in one year!
Our technology has taken a new course and switched from old school computer vision to supervised deep learning. We launched BlinkReceipt, a new product for capturing data from retail receipts. With BlinkReceipt we won the Best of Show at Finovate Spring in San Jose.
Microblink grew from a team of 6 to 22 people. As we are continuously improving mobile OCR technology, we introduced new features and a new product BlinkInput.
Photomath won the 4YFN competition at Mobile World Congress in the Digital Media category. The app grew from thousands to millions of monthly users in only a few months, therefore it was established as a separate company. Microblink introduced BlinkID, a new product for scanning ID cards.
Proprietary mobile OCR proved efficient for other use-cases like scanning identity documents. Hence, PhotoPay was renamed into Microblink. To showcase our technology we created Photomath - a mobile app that reads and solves mathematical problems in real time by using a mobile device camera.
The pilot project was successful and PhotoPay Ltd was founded. Soon, PhotoPay was the main feature of several major mobile banking apps in Europe.
In order to eliminate typing in mobile apps when paying utility bills a pilot project was created.