9 years ago

Onfido Raises $25 Million to Expand Background Checking Platform in the US

  • Onfido, a UK-based startup that provides software-based solutions for verifying new hires and customers, has raised $25 million in a Series B round led by Idinvest Partners

  • The funding will be used to expand internationally, particularly in the US, and to continue building out its machine learning platform

  • Onfido's platform is designed to perform basic ID checks in seconds and to learn more about fraud patterns

  • The company's customers include on-demand marketplaces such as Handy, TaskRabbit, Deliveroo, and BlaBlaCar, as well as organizations like JustGiving, which uses Onfido to verify the backgrounds of people who are looking to raise money.

      • ProblemTechnology

      "Businesses, especially on-demand startups, are struggling to verify the identity and backgrounds of their new hires and customers, leading to fraud and security risks."

      Solution

      "Onfido provides a software-based platform that uses machine learning to perform background checks quickly and efficiently, helping businesses verify the identities of their new hires and customers and reduce fraud."

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