Digital identification service provider OneID has just secured £1m in funding from ACF Investors.
In brief:
-Eliminating the need for physical identification, OneID allows businesses and individuals to digitally prove their identity instantly
-The UK fintech will use the funds to further develop its bank-verified digital identity products.
-OneID CEO Paula Sussex described the investment from ACF Investors, which adds to previous funding from 170 angel investors, as a “coming together” of similar visions.
What does this mean?
ACF Investors managing partner Tim Mills said the firm constantly monitors businesses with the potential to “enhance the lives of the British people and redefine the future of the UK”.
