Averon operates in the digital identity verification market, providing a unique solution that leverages SIM technology to authenticate users securely and seamlessly. The company targets businesses that require robust identity verification methods, such as financial institutions, e-commerce platforms, and service providers. Averon's business model revolves around offering a subscription-based service to these enterprises, ensuring continuous revenue streams. The company makes money by charging clients for access to its verification platform, which eliminates the need for traditional methods like SMS passcodes and knowledge-based authentication. This approach not only enhances security but also improves user experience by removing friction points in the authentication process.

Keywords: Digital identity, SIM technology, user authentication, financial institutions, e-commerce, service providers, subscription-based, security, seamless, frictionless.