IDnow raises USD 40 mln from Corsair Capital

Monday 28 October 2019 11:56 CET | News

IDnow, a provider of Identity Verification-as-a-Service (IVAAS) solutions, has received USD 40 million growth equity investment from Corsair Capital.

The announcement comes just a few months after the founders of IDnow appointed a highly accomplished senior management team to jointly pursue an international growth strategy, according to the official press release. IDnow builds AI-powered identity verification technologies that address the cybersecurity and digital verification needs.

Founded in 2014, IDnow has grown and integrated its portfolio of identity products onto a single platform, serving as a single solution across different sectors and jurisdictions. Corsair’s investment will support IDnow as it expands its product range and captures greater market share throughout Europe, with immediate plans to open new offices in France and the UK.

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Keywords: IDnow, funding, identity verification, AI, cybersecurity, fraud prevention
Categories: Fraud & Financial Crime
Countries: Europe
This article is part of category

Fraud & Financial Crime

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