OCR Labs, a London, UK-based provider of a verification technology platform, raised $30M in Series B funding.
The round was led by Equable Capital.
The company intends to use the funds to expand its team in North America and EMEA.
Originally founded in 2016 by Matthew Adams and Daniel Aiello and led by John Myers, CEO, OCR Labs is a technology leader in the digital identity verification space. The solution supports Anti Money Laundering (AML) and Know Your Customer (KYC) regulations and improves customer identity verification while reducing fraud.
The company supports clients across industries including financial services, government, telco, crypto and a variety of platform-based businesses, including SaaS providers. Customers include the Australian Government, Vodafone, ZIP and BMW.
Since announcing its Series A last year, OCR Labs has continued to scale into the UK and European markets. As part of its Series B, it is bolstering its international growth with a new office in North America, a direct sales force, and hiring a global Chief Revenue Officer. The company is headquartered in London, UK with offices in Australia and Turkey.
FinSMEs
23/02/2022