Onfido gets m in funding to continue developing machine-learning technology

Topics Related articles Onfido, an identity verification and background checking provider, has closed a $25m Series B funding round. The round drew support from Idinvest Partners, Wellington Partners Venture Capital and Crunchfund. Husayn Kassai, CEO and co-founder, said: “Background checking isn’t new – what has changed is business. Legacy background checks – manual and dependent on a face-to-face meeting – worked for an offline world. Today online companies need a new system that works instantly and remotely. “Powered by machine-learning, we have built a product that allows businesses to accurately verify the identity of anyone in the world – a driver in Delhi, a cleaner in Berlin, a host in New York – within seconds. Only when the identity has been verified, do we run further searches such as Criminal or…


Link to Full Article: Onfido gets m in funding to continue developing machine-learning technology