UK’s Onfido raises M as it brings its background checking platform to the US

The rise of on-demand startups and other fast-growing businesses like online marketplaces has created a need for reliable ways to verify new hires and customers to make sure they are cut out for the task. Onfido, one of the group of startups building software-based solutions to do just that, has raised $25 million to meet that need.The Series B round was led by Idinvest Partners, with participation also from existing backers Wellington Partners and CrunchFund (founded by TC founder Michael Arrington), and brings the total raised by the startup to just over $30 million. It’s not disclosing its valuation in this round, but as a marker, its competitor Checkr, which has raised just under $50 million, is valued between $250 million and $300 million. Onfido plans to use the capital in a couple of different ways. First, to continue expanding its…


Link to Full Article: UK’s Onfido raises M as it brings its background checking platform to the US