Onfido Raises $100m in Funding for Identity Verification Expansion
Onfido, a London, UK and San Francisco, California-based identity verification startup, recently announced that it has raised $100m in funding. The funding round was led by TPG Growth, a prominent investment firm known for backing innovative companies with high growth potential. This new infusion of capital will enable Onfido to further expand its operations and increase its business reach in the rapidly growing identity verification market.
Founded by Husayn Kassai, who serves as the CEO and co-founder, Onfido offers a cutting-edge identity verification platform that utilizes artificial intelligence technology to analyze a person's facial biometrics.
By comparing these biometrics to government-issued IDs, Onfido is able to provide accurate and reliable identity verification services. Some of the company's notable customers include Revolut, Zipcar, and Bitstamp, demonstrating the widespread adoption of its innovative technology across various industries.
With this latest round of funding, Onfido is poised to strengthen its position as a leader in the identity verification space. The company's commitment to leveraging advanced AI technology to enhance security and prevent fraud has earned it a strong reputation within the industry. As Onfido continues to expand its reach and improve its services, it is well-positioned to address the growing demand for secure and reliable identity verification solutions in today's digital landscape.
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