OneID® Raises $16 Million to Revolutionize Digital Identity Verification and Empower Seamless Customer Journeys

OneID®, a trailblazer in digital identity verification, is proud to announce the successful raise of $16,000,000 in its latest funding round. This significant capital injection underscores the company’s strong market position and commitment to revolutionizing the digital journey for both individuals and businesses. By leveraging bank-verified digital data and the open banking rails, OneID® has effectively sidestepped the cumbersome traditional document-based process. Its cutting-edge technology allows over 50 million UK adults to quickly and securely verify their age and identity, ensuring they can confidently navigate the digital world. The funding will be used to further enhance OneID®’s innovative solutions, which are designed to streamline customer verification and onboarding processes, elevate customer experience, and safeguard digital interactions by reducing the risk of fraud. The fresh infusion of capital will empower OneID® to expand its product portfolio, invest in advanced security protocols, and scale operations to serve a broader client base. This investment not only bolsters the company’s ability to meet increasing market demand but also accelerates its mission to help businesses reach their goals faster by lowering operational costs and increasing sales. With an ever-growing emphasis on digital security and efficiency, OneID® stands at the forefront of transforming how identities are verified in the digital era. The company’s commitment to simplifying and securing digital journeys is set to drive its continued growth, ensuring that both consumers and businesses can rely on the safest, fastest, and most efficient digital identity verification method available.