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Yoti
Digital identity verification for individuals and businesses
- 201-500 employees
- B2B
- Security
- SaaS
- Cyber Security
- Identity
- City of London, London, UK
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Company mission
To become the world's most trusted identity platform.
Our take
Proving our identities in the UK has historically been limited to a passport or driver's licence, but these forms of ID do not lend themselves to digital applications, which increasingly require age verification. Yoti, founded with the belief that digital identity verification will come to be indispensable, supplies digital identification for individuals via the Yoti app, and businesses through its customer verification offerings.
By creating the secure infrastructure needed to host someone's digital identity, Yoti is able to support partnerships across a number of industries. For example, the company has worked with self checkouts so shoppers can prove their age using their face or the Yoti app, as well as launching selfie ID checks for real estate agents. The company also strongly believes it is well positioned to exploit the growth of Metaverse and Web 3.0 interactions.
Although Yoti shares the UK market with contenders like Onfido and ApplyID, the expansive global identity market should provide it space to grow. Initially heavily funded by bootstrapping, the company has since raised considerable funds towards establishing a presence in North America, with its latest investment cited to support the development of a new, reusable digital identity proposition that will give users a "more private, secure and convenient way" to prove their identity.
Steph
Company Specialist at Welcome to the Jungle
Benefits
- Private medical insurance
- 25 days' holiday
- Access to online community-based mental health support
- Pension
- Yoti Life platform which gives you access to great discounts and vouchers
- 5 selfie days which can be used for your own personal/professional development, including attending volunteering and charity events
- Ongoing learning and development opportunities (LinkedIn Learning, conferences, events, courses )
- Great team events and socials
- Life insurance
- Flexible working
Company values
- Always act in the interest of our users
- Encourage personal data ownership
- Enable privacy and anonymity
- Keep sensitive data secure
- Keep our community safe
- Be transparent and accountable
- Make Yoti available to anyone
Funding (last 2 of 3 rounds)
Dec 2023
$9.5m
CONVERTIBLE
Aug 2019
$9.2m
EARLY VC
Total funding: $28.9m
This company has top investors
Leadership
Robin Tombs
(Co-Founder & CEO)Founded Gamesys (online gaming, with annual revenues over £150m) before Yoti.
Duncan Francis
(Co-Founder)Holds positions as Director and Managing Director at The TI Group and Trumin respectively.
Chris White
(Co-founder & C3PO)Was a Co-Founder at Zing, and co-founded Unleashing Potential earlier in their career.