This is the Onfido pitch deck to raise a $100m series-d round in 2020.
About
Onfido digitally proves a user’s real identity using AI technology, by verifying their photo ID and comparing it to their facial biometrics. It means users and businesses can verify their online identities anywhere and anytime, without compromising on experience, inclusion, privacy or security.
Buzzy AI security startup Onfido has raised $100 million in a new fundraising round backed entirely by TPG Growth, the private equity firm which has previously invested in Spotify and Uber.
The firm, founded in 2012 by Oxford graduates Ruhul Amin, Husayn Kassai and Eamon Jubbawy, counts fintech unicorn Revolut and car-sharing service Zipcar among its biggest clients.
In January, the company acquired US-based tech company Aviata and partnered with some of the world’s largest identity companies including ForgeRock, SecureKey Technologies and Okta.
Business Insider recently reported the firm was in talks with the US government to design “immunity passports” for those who had recovered from COVID-19.
Speaking to Business Insider, CEO Kassai said the firm hoped to “standardize” account security in the same way Big Tech giants had defined their own niches.
“We’re standardizing the way we prove our real identity, in a similar way to how Facebook has standardized the way we share our social identity, and LinkedIn has standardized the way we signal our professional identity,” he said.
“Over the next few years, we’ll all be able to use our real identity to seamlessly access everything from financial services, online healthcare, and trust marketplaces; to self-check-ins at airports, hotels and car rentals.”
Funding Rounds
| Announced Date | Transaction Name | Number of Investors | Money Raised | Lead Investors |
| Aug 18, 2020 | Grant – Onfido | 1 | £5M | Capability and Innovation Fund |
| Apr 15, 2020 | Series D – Onfido | 8 | $100M | TPG Growth |
| Apr 3, 2019 | Series C – Onfido | 7 | £28.2M | Augmentum Fintech, Salesforce Ventures |
| Oct 31, 2018 | Series C – Onfido | 2 | — | — |
| Sep 27, 2017 | Series C – Onfido | 12 | £19M | Crane Venture Partners |
| Jun 19, 2017 | Series C – Onfido | 1 | — | — |
| Feb 22, 2017 | Non Equity Assistance – Onfido | 1 | — | Future Fifty |
| Jan 1, 2017 | Venture Round – Onfido | 1 | — | — |
| Sep 12, 2016 | Series B – Onfido | 1 | — | — |
| Aug 15, 2016 | Venture Round – Onfido | 3 | — | — |
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