Security News > 2020 > April > Onfido raises additional $100 million in funding for new identity standard
Global investment firm TPG Growth led the $100 million funding that Onfido raised, which will help the global identity verification and authentication firm deliver a new identity standard for easy and secure access to digital services worldwide.
Onfido will announce a large new round of funding on April 15 as COVID elevates the importance of confirmed ID for everything from certificates of immunity to telehealth and financial services.
Onfido partnered with Florence, which supplies registered nurses to get care workers and volunteers to visit COVID-19 patients at home, and Onfido experienced 60% increased demand for the service.
"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.
Onfido plans to solve digital access problems by creating "An open world where everyone's real identity is their key to access," and will verify a user's real identity by analyzing their photo ID and matching it against a selfie video.