IDfy Secures $27 Million in Funding to Drive Innovation in Identity Verification Tech

We are thrilled to announce that IDfy, the pioneering Integrated Identity Platform that has touched millions of lives through its cutting-edge technology, has successfully raised $27 million in funding. This substantial investment underscores the growing confidence in our mission to empower enterprises in their battle against fraud and to establish unwavering trust in their transactions. Our robust technology, which facilitates KYC, KYB, Background Verification, and digital onboarding, has propelled IDfy into the spotlight as a frontrunner in our industry. Our recent recognition in the Deloitte Technology Fast 50 list and the Forbes Asia 100 Watchlist is testament to our fast-paced growth and innovative approach. The funding will enable us to enhance our product offerings, including our comprehensive suite of over 150 APIs for document verification and risk assessment, as well as the launch of our user-friendly no-code platform, IDfy360. Our Video Solutions platform continues to thrive, boasting an impressive 90% conversion rate while ensuring 100% compliance, and we aim to reinforce these capabilities further. Additionally, the investment will bolster our innovative tools like RiskAI and CrimeCheck, designed to provide businesses with critical due diligence capabilities, thereby minimizing risks associated with identity, reputation, and credit. With this funding, IDfy is poised to deepen its impact across various sectors, helping businesses streamline their operations and prioritize customer safety in an increasingly digital landscape. We look forward to leveraging this support to advance our mission and continue transforming the identity verification landscape in India and beyond.