Entrust's Onfido Raises $50 Million in Fundraising Round to Revolutionize Digital Identity Verification

Onfido, a pioneering leader in digital identity verification and a proud member of the Entrust family, has successfully secured $50 million in a recent funding round aimed at propelling its mission to simplify digital identity for individuals and businesses alike. Known for its groundbreaking Real Identity Platform, Onfido empowers organizations to seamlessly verify customers through a no-code orchestration layer that customizes verification methods to meet specific user and market demands. This robust platform provides a blend of document checks and biometric verifications, alongside trusted data sources and passive fraud signals, allowing businesses to effectively navigate their risk, friction, and regulatory challenges. The groundbreaking Onfido Atlas™ AI drives the platform's fully automated, end-to-end identity verification process, a technological marvel developed over the past decade to ensure fair, swift, and precise analysis. This new funding will not only enhance Onfido's technological capabilities but also expand its reach, providing even more organizations with the tools they need to securely verify identities in an increasingly digital world. With this investment, Onfido is poised to push boundaries and innovate further, ensuring that individuals can easily access services while safeguarding privacy and security. This financial boost demonstrates confidence in Onfido's leadership in the identity verification space and underscores a collective commitment to creating a safer online space for everyone.