Onfido announces $100mn funding

April 16, 2020 | FinTech

Written by FinTech Alliance

Onfido announces $100mn funding

Digital identity company Onfido has secured £80mn ($100mn) funding.

In Brief:

  • This will be used to boost ID technology.

  • Onfido will look to create ‘immunity passports’ for governments in light of Coronavirus.

  • The funding round was led by TPG Growth and brings total raised up to £200mn.

What does this mean?

Being able to verify someone’s identity remotely is more important than ever during lockdown, but so far a very small minority of people actually use it. This could be one of many digital developments that is spurred on through necessity during the global pandemic.

Read more here.

 

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