6 years ago
Yoti Secures £8 Million to Expand Digital Identity Platform
Yoti, a digital identity platform, has raised £8 million in new equity investment from existing private investors, employees, and Robin Tombs, the company's co-founder and CEO
The funding will be used to grow Yoti's consumer network and work with businesses globally to provide a simpler and safer way for people to prove their identity
Yoti's age estimation technology, Yoti Age Scan, is being used by social networking app Yubo to verify the age of its users and safeguard young people online.
ProblemFinancial Services
"providing individuals with a safe and secure way to prove their age or identity online, while safeguarding young people online"
Solution
"a free app that uses AI technology to estimate age and flag potential age discrepancies, allowing businesses to verify identities and ensure compliance with age restrictions"