Payments News


IDnow Pulls in $40M Growth Equity for Its Identity Verification Platform

“Identity Verification-as-a-Service (“IVAAS”?!) is a pretty tortuous phrase. But it’s now established as a key tech area for the tech industry as startups like Onfido, Jumio and others have proved with large funding raises in the last few years. Verifying ID is now also a key part of the gig economy. Joining them today is a German startup that first emerged in 2014 . It has announced a $40 million growth equity investment from Corsair Capital LLC, a private equity firm focused on the financial and business services industries.”