IDfy, an Integrated Identity Platform, has secured $476 in its latest funding round. The company specializes in helping enterprises eliminate fraud and establish trust through tech-powered products and solutions. Its offerings include services for KYC, KYB, Background Verification, Risk Mitigation, Digital Onboarding, and Digital Privacy. IDfy's technology is integral to various consumer interactions, from opening bank accounts to using e-commerce platforms.
With over 12 years of experience, IDfy is recognized as a pioneer in the identity verification industry, processing 2 million daily verifications. Its robust, enterprise-grade technology powers a range of solutions, including a suite of 150+ APIs for document verification and merchant onboarding, a Video Solutions platform for digital onboarding, and RiskAI for business due diligence. The company also offers IDfy360, a no-code platform for customized onboarding workflows, and a SaaS-based employee Background Verification solution.
IDfy's rapid growth was acknowledged in 2023 by its inclusion in the Deloitte Technology Fast 50 list and the Forbes Asia 100 Watchlist. The newly raised capital is intended to accelerate the company's product development initiatives and expand its market reach. This investment will support IDfy's ongoing efforts to enhance its platform and introduce new capabilities to meet evolving enterprise needs.
The funding underscores investor confidence in IDfy's mission to build trust and mitigate risk in digital transactions. The company is poised to continue its trajectory of innovation and growth, further solidifying its position as a key player in the identity verification and fraud prevention landscape.
