8 years ago

Onfido Raises $30 Million to Expand Identity Verification Business

  • Onfido, a London-based company that uses AI to verify identities, has raised $30 million in a funding round led by Crane Venture Partners

  • The company, which has now raised a total of $60 million, plans to use the funds to expand its business in financial services and e-commerce

  • Onfido's technology helps businesses verify the identities of their customers, which is becoming increasingly important in the age of online fraud

  • The company has already secured a number of high-profile customers, including Square, Revolut, and Zipcar.

      • ProblemTechnology

      "making identity verification for online services more secure and convenient for both businesses and users."

      Solution

      "using AI-powered facial recognition technology and comparing selfies with identity documents to verify users' identities during online onboarding processes."

      Covered on