One ID, a London, UK-based provider of bank-verified digital identification services, raised £16M in funding.
The latest raise was led by ACF Investors.
OneID has raised over £16m from more than 200 UK, Swedish and US Angel Investors.
The company intends to use the funds to drive growth and expand operations and services to reach a growing customer base.
Led by CEO Paula Sussex, OneID offers digital identity services for customer verification through bank-verified data. This approach enables a document-free digital identification process that can be completed within twelve seconds. The service also prioritises privacy, requiring consent to share personal data and helps businesses streamline onboarding, increase sales, reduce operational costs, and mitigate fraud risks.
The company helps businesses reduce operational costs, increase sales, and improve customer engagement by streamlining existing ID processes, including payments, direct debits, onboarding, and more.
FinSMEs
13/02/2025