Security News > 2020 > April > Identity Verification Provider Onfido Raises $100 Million
Identity verification and authentication provider Onfido today announced the closing of a $100 million funding round that brings the total raised by the company to date to $200 million.
With 400 employees, the company serves 1,500 companies worldwide.
Onfido aims to tackle the threat of identity fraud by helping users access digital services using their real identity.
The new investment, the company said, will be spent on machine learning technology, to consolidate existing markets, and meet service demand in new geographies.
"Over the coming years, we'll all be able to use our real identity to seamlessly access everything from financial services, online healthcare and trust marketplaces, to self-check-ins at airports, hotels and car rentals," said Husayn Kassai, CEO and co-founder of Onfido.