Onfido, the global identity verification, and re-authentication provider has raised $100 million (approx €92 million) funding. The round was led by global investment firm TPG Growth, which has also backed Airbnb and Uber previously. This new financing round brings Onfido’s total funding to $200 million (approx €183 million).
Plans to consolidate the US market!
The company intends to use this funding to accelerate its machine learning technology and expansion into high-growth regions, including Europe and South-East Asia as well. Also, the company plans to continue its momentum across North America with a recent partnership with ForgeRock and Okta. Notably, the company works with major brands such as Expensify Inc., Revolut Ltd., and Zipcar Inc.