Shufti Pro, a London, UK-based provider of AI-powered IDV solutions, raised $20m in Series A funding.
The round was led by Updata Partners.
The company intends to use the funds to accelerate global expansion and extend its compliance suite.
Led by Victor Fredung, CEO, and Shahid Hanif, Founder and CTO, Shufti Pro is an identity verification service provider offering KYC, KYB, and AML services to help global businesses onboard and manage risk of legitimate customers. The company has 5 regional offices and launched 17 different IDV products since its inception in 2017. With the ability to verify ID documents globally in 150+ languages, they are serving 500+ customers in 230+ countries and territories.
FinSMEs
17/03/2022