💡 The identity verification sector is attracting serious investment — and for good reason.
Organizations that invest in next-generation identity verification today will be best positioned to combat tomorrow's fraud threats.
🔗 https://provadivita.com/biometric-injection-attacks/
#BiometricInnovation #IdentityVerification #TrustStack #IDfy #Entrust #NISTBiometrics #FraudPrevention #FintechSecurity
Mumbai-based regtech startup Idfy has secured Rs 476 crore (2M) in funding led by Neo Asset Management, with participation from Blume Ventures, Analog Capital, Elev8 and others. The company offers KYC services, fraud detection and compliance solutions for banks and NBFCs. Idfy reported Rs 189 crore revenue and Rs 1.6 crore profit in FY25. Funds will be used for acquisitions in India and abroad.
https://economictimes.indiatimes.com/tech/funding/regtech-startup-idfy-secures-rs-476-crore-from-neo-asset-management-and-existing-investors/articleshow/128273894.cms #India #Tech #News #Idfy #RegTech
Regtech startup Idfy secures Rs 476 crore from Neo Asset Management and existing investors
Idfy wants to use the fresh funds to grow its business within India and outside. The company which helps banks in the onboarding business offers KYC services, fraud detection and other compliance related functions. Idfy had last raised around $17 million in 2024 from Indiamart, Elev8 and others.
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