Identity verification startup Onfido announced Wednesday that it closed on a $100 million funding round.
Onfido uses AI-driven technology in order to verify a person’s photo ID by matching it with video obtained via smartphone.
The company plans on using its new funding to grow its global presence and expand its digital access services, Onfido CEO Husayn Kassai said in a statement provided to Built In.
“We’re also actively preparing for the future, with many of our engagements around reusable online identities entering their next phase of development [and] putting consumers in control of their legal identity,” Kassai said.
The company claims its AI platform can automate checks of over 4,500 documents from 195 different countries, and its business is growing. Earlier this year, it reported 130 percent year-over-year growth. Its customers include Revolut, Couchsurfing and Grover.
The company believes ID verification services have become increasingly important as online healthcare services continue to take off amid the global pandemic. In response to the COVID-19 crisis, it is also offering its platform free of charge for six months to anyone in healthcare, home service, education or any other field directly involved in providing relief from the outbreak.
Onfido was founded in 2012 and has raised a total of $182 million in venture capital to date, according to Crunchbase.
The company began in London and has now expanded to include locations in several countries across the world, including offices in Paris, Lisbon, New Delhi and Singapore. Onfido’s U.S. operations are primarily based in San Francisco, with additional offices in New York City and Albuquerque.
