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Onfido
Automated identity verification
- 501-1000 employees
- B2B
- Artificial Intelligence
- Security
- Enterprise
- HR
- Alphabeta Building, 14-18 Finsbury Square, 3rd Floor, London, England EC2A 1AH, GB
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Company mission
To create a more open world, where identity is the key to access.
Our take
As more business than ever is conducted online, identity verification has become key as companies look to prevent the rising tide of identity fraud. Onfido allows businesses to verify a user’s identity automatically using AI to verify uploaded identity documents against a range of biometric markers and online footprint metrics.
As a disruptor in a field sorely needing innovation, Onfido has built a commanding market lead. However it now faces increased competition from the likes of Stripe, Persona and IDNow. Onfido has maintained its market lead through strong, focused R&D, winning it multiple awards including the CogX Best AI product in FinTech for 2022.
Onfido has seen a staggering growth in revenue over the past few years and its customers include the likes of President's Choice Financial, Revolut and Deliveroo. Having raised a large amount of investment funding and achieved sustained profitability, it has now been acquired by Entrust, a leader in payments, identities, and data security. This new chapter for Onfido will open its services up to Entrust's large customer base, a mutually beneficial move.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Share options in Onfido, through our equity schemes. Share options have a one year cliff and start vesting after probation over a four year period*
- Life Assurance (3x Annual Base Salary)
- Free mental health coaching provided online
- Two paid volunteering days per year.
- Generous paid parental leave
- 25 days annual leave plus a day off for your Birthday
Company values
- Succeed together - Achieve collective impact by being generous with your time, care and expertise.
- Take pride - Care intensely about company success. Together, we own Onfido. We should own our contributions in the same way.
- Learn things, share them - Be voracious. Read, go to conferences and meetups, be constantly in pursuit of new understanding. And, when you have it, plough it back into the community.
- Find a better way - The assumption is: there’s always a better way. Whether you get there in baby steps or giant leaps, the only way to success is via constant experimentation.
- Create customer buzz - Craft experiences that customers rave about. Our customers are at the heart of everything we do. Understand the market, analyze trends, and deliver something better.
Funding (last 2 of 10 rounds)
Aug 2020
$6.4m
GRANT
Apr 2020
$100m
SERIES D
Total funding: $217.2m
This company has top investors
Leadership
Mike Tuchen
(CEO, not founder)Was previously CEO of Talend and Rapid7. Has been on the Advisory Board of a number of companies including Infinio Systems, Bitsight Technologies and Paradigm4.
People progressing
Joined in Corporate Development, being promoted to Analytics Lead after 9 months and again to BI Product Manager after 3 years. Is now the Senior Product Manager.
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