Red Violet (RDVT) investor relations material

Company background and management

• Management team has three decades of experience in identity verification, having built and sold two prior companies in the space for a combined value of around $1 billion.

• Current iteration is cloud-native and AI-embedded from inception, providing a competitive edge over legacy competitors.

• Acquisition of Fluent expanded data sources, especially for underbanked and underserved populations.

Business model and competitive landscape

• Aggregates diverse data sources to build a 50-year longitudinal identity graph for individuals.

• Offers solutions across five main verticals: collections, real estate, financial/corporate risk, investigative, and emerging markets.

• Maintains multi-source data relationships, with about 70 vendors and hundreds of data points, reducing dependency on any single provider.

Product use cases and verticals

• Collections: Scrubs records for bankruptcies and provides right-party contact info to debt collectors.

• Real estate: FOREWARN product enhances agent safety by verifying prospects and household risk; now covers over 50% of U.S. real estate associations.

• Financial/corporate risk: Powers background screening for major payroll processors and supports high-accuracy data verification.

• Investigative: Serves 1,000+ law enforcement agencies with tools to accelerate investigations and verify identities.

• Emerging markets: Focus on government and insurance, with public sector performing as expected and law enforcement exceeding expectations.