Users and employee verification company ID.me has raised $19m in a Series B round from FTV Capital.
The growth equity investment firm’s partner Liron Gitig will join ID.me’s board as a result of the deal.
The Virginia-based company serves financial institutions as well as government agencies and healthcare organisations, allowing users and employees to connect their legal identity to a digital login.
This allows users to securely login across multiple websites without the need to generate new identities for each site.
ID.me verifies users’ identities by remotely checking government identity documents, mobile operator data and commercial databases using machine vision and fraud algorithms.
CEO and founder Blake Hall said: “Establishing trust between two parties is a necessary step to delivering high-value services online.
“When users can’t prove who they are online in a secure and efficient manner, they either give up out of frustration or resort to time intensive, frustrating processes to prove their identity such as in-person visits and manual paper-based processes.
“ID.me’s technology makes it easy for individuals to securely verify their identity online in order to increase access to important services like government benefits, healthcare, and banking.
“We are excited to partner with FTV Capital because of their longstanding track record in helping innovative, high growth companies scale, especially in enterprise technology, security and financial services.”
The company counts more than 200 clients and the new capital takes its total to just short of $40m in funding.
ID.me will use the financing to invest in sales, marketing and product development.
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