April 16, 2016 Comments Off on Onfido raises $25 million for US expansion
In today’s fast-paced world of on-demand companies and online marketplaces, doing background checks on new employees and customers need to be fast and efficient. The UK-based software company Onfido uses artificial intelligence and machine learning to carry out background checks across multiple databases including school, criminal and driving records. In addition, Onfido is able to detect fraudulent patterns on documents and recognise if a person is using a fake identity. Onfido is capable of processing high volume checks anywhere in the world and verification is given in matter of seconds. This week, the company announced it has raised $25 million. Onfido will use the capital to bring its platform to the United States.
You can read about the funding here.
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