Incode Technologies, a San Francisco, CA-based identity verification and authentication platform for global enterprises, raised $220m in Series B funding round, giving the company a $1.25 billion valuation.
The round was led by General Atlantic and SoftBank, with additional investment from J.P. Morgan, Capital One Ventures, Coinbase Ventures, Silicon Valley CISO Investments, DN Capital, 3L Capital, Framework Ventures, Dila Capital and others.
The company intends to use the funds to continue to expand operations and its business reach.
Led by Ricardo Amper, Founder and CEO, Incode provides a platform for humans to verify their identity and interact with the world’s largest companies with a secure AI-based experience. Its end-to-end fully automated orchestration platform enables access across multiple channels with products focused on onboarding, authentication and payment verification that increase conversion and reduce fraud.
The company works with a number of the world’s biggest banks, fintechs, hotels, governments and marketplaces from its offices in San Francisco, Europe and Latin America.