The company did not reveal future plans or comment on the new capital raised, Biometric Update reports. ID.me suggested that once with social distancing measures going into effect, there has been a surge in demand for digital identity verification. The reason for this is that business processes that were traditionally performed in-person have now shifted online.
Ensuring identity proofing and authentication, ID.me claims to sign up 60,000 new users a day, estimating a total of 24 million users of its digital wallet ‘from buying cars and electronics online to accessing healthcare and government benefit programmes’.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.