2 years ago

Yoti Secures £20 Million in Funding from HSBC and Shareholders

  • Yoti, a UK-based digital identification startup, has secured £20 million in funding to support its goal of achieving profitability

  • The funding includes £12.5 million in debt financing from HSBC and £7.5 million in convertible debt from existing shareholders

  • Yoti has partnered with various brands, including Meta, the Post Office, and Lloyds Bank, and has raised over £166 million since its inception, making it the UK's most funded digital ID startup.

      • ProblemTechnology

      "Verifying user identity online is a major challenge, leading to fraud, scams, and security breaches. Existing methods are often cumbersome, time-consuming, and unreliable."

      Solution

      "Yoti provides a secure and convenient digital identity verification solution using facial analysis technology. This allows businesses to verify user identities quickly and accurately, reducing fraud and enhancing security."

      Covered on