Onfido ​Raises ​$30m ​in Series C Funding

Onfido, a London, UK-based identity ​verification ​provider, raised ​$30M ​in ​funding.

The round, which ​brings ​total funding ​to ​over ​$60M ​to ​date, was led ​by ​Crane ​Venture ​Partners ​with ​participation from ​Microsoft Ventures, ​Salesforce ​Ventures ​and ​other ​current ​investors. ​

The ​company intends to use the funds for ​research ​and ​development ​in ​machine ​learning ​technology, ​and ​expand into ​US ​and ​other ​international ​markets.

Led by Husayn ​Kassai, ​CEO ​and ​co-founder, ​Onfido provides businesses with a platform to digitally verify people’s identities. Using machine learning technology, Onfido validates a user’s identity document and compares it with their facial biometrics. The identity can then be cross-referenced against international credit and watchlist databases.
The company is headquartered ​in ​London, ​and has ​offices ​in ​San ​Francisco, ​New ​York, ​Lisbon ​and ​New ​Delhi employing a total of ​150 ​employees.

FinSMEs

28/09/2017

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