Idinvest et al. in $25m series-B for Onfido

The fresh capital will enable Onfido to expand its US operations and invest in product development.

The company's US-based competitor CheckR, which is backed by Accel Partners and Institutional Venture Partners, recently raised $40m to give it a reported valuation of more than $250m.

Previous funding
Wellington led a $4.5m series-A for Onfido in February 2015, with CrunchFund also taking part in the round.

Company
Founded in 2012 and headquartered in London, Onfido is an online provider of background checks and identity verification services to companies looking to vet potential employees or clients.

The majority of Onfido's clients fall within the fintech and sharing economy sectors. Its service is designed to automate the background checking process, which the company says is still dependent on manual processes and face-to-face meetings.

People
Idinvest – Matthieu Baret (partner).
Wellington – Eric Archambeau (general partner).
Onfido – Husayn Kassai (CEO, co-founder); Eamon Jubbawy (COO, co-founder); Ruhul Amin (CTO, co-founder).

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• Topics
• Expansion
• UK / Ireland
• Support services
• Venture
• United Kingdom
• IDInvest Partners (AGF Private Equity)
• Wellington Partners