OneID® Secures $4M to Revolutionize Digital Identity Verification and Onboarding Process

OneID® is excited to announce that it has raised £4,000,000 in its latest funding round, a significant milestone that underscores the company’s commitment to revolutionizing digital identity verification. OneID® simplifies and secures the digital journeys of individuals and businesses, empowering them to achieve their goals faster using bank-verified digital data and the power of open banking rails. This robust new capital injection will accelerate OneID®’s efforts to sidestep traditional, document-based processes while further enhancing its already innovative and secure platform. Serving over 50 million adults in the UK, OneID® offers the simplest, fastest, and safest method for individuals to prove their age and identity, making everyday digital transactions both effortless and secure. The infusion of funds will empower OneID® to expand its technological footprint and continue to pave the way for a world where online identity verification is not only seamless but also resilient against fraud. By speeding up customer verification and onboarding processes, OneID® helps businesses elevate their customer experience, increase sales, and lower operational costs, ultimately enabling a safer and more efficient digital ecosystem. This round of funding is set to drive forward ambitious development plans, including the enhancement of security measures and broader market penetration into new and underserved regions. As OneID® scales its operations, the company remains dedicated to delivering cutting-edge solutions that meet the growing demands of digital identity verification in an increasingly interconnected world.