Certified start-up Onfido receives $100m in financing
British certification and certification startup Onfido ltd. It said today that it had received a new capital injection worth $100m in an attempt to become a "new standard for digital access".
The growth of TPG led to this round of financing, bringing Amfido's total financing to $200m.
Onfido's main product is a software platform that provides an easy way for people to identify themselves on the Internet through mobile devices. This involves two steps. First, the user uploads a photo of an official ID card, and then Onfido's software verifies the authenticity of the file.
After completion, Onfido will require users to use a smartphone selfie for secondary verification. However, users also need to read the text displayed on the screen, blink, or perform other simple actions specified by the platform.
According to OnfIDo, the machine learning algorithm runs behind the scenes and analyzes the video to verify that the person performing the action appears in id. Onfido says it is more reliable than requiring users to have problems with the standard, which may be taken with a camera.
Onfido has become the authentication and authentication partner of Expensify Inc, t Ltd, Zipcar Inc and other major brands. In addition, the company has also worked with Okta Inc, SecureKey Technologies Inc. And other well-known network security providers to cooperate.
Husayn Kasai, co-founder and chief executive of Onfido, said that while Onfido's software is mainly used for purposes such as "getting to know customers", the company's ultimate goal is to replace insecure passwords as the main way for people to log into different online services.
"in the next few years, we will be able to use our real identity to have seamless access to all areas such as financial services, online health care, trust markets, and self-registration at airports, hotels and car rental offices."as a way to log in, the password will become a thing of the past, as will the queue for hours to vote in person."
