IDfy

company

About

IDfy is a people information company helping companies combat fraud by providing services such as background verifications.

Details

Last Funding Type
Series Unknown
Industries
FinTech,Fraud Detection,Information Services,Information Technology,Machine Learning
Founded date
May 1, 2011
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Baldor Technologies Private Limited
Also Known As
IDfy.com

IDfy is a people information company helping companies build without fraud where people and businesses can engage with confidence. The company bringing its fraud detection platform to 200 clients across financial services like insurance, fintech, loans, credit cards, payment gateways, and new economy companies such as cab aggregators, tenancy, matrimony keeping them, and their customers safe.

IDfy proprietary systems are built on the latest in machine-learning based anomaly detection, machine vision, and identity authentication techniques. These systems catch new and emerging fraud as well as fraud that previously went undetected, keeping our clients, their customers, and employees safe and secure.

The company also provides risk and fraud solutions processing half a million people profiles every month for more than 150 companies. These include the best-known names in Fintech, Cryptocurrencies, Insurance, Telecom, E-commerce, Taxi aggregation, and P2P exchanges.

IDfy was founded in May 2011 and is headquartered in Mumbai, Maharashtra, India.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
6
₹1.02B $3M
IDfy has raised a total of ₹1.02B $3M in funding over 2 rounds. Their latest funding was raised on Oct 21, 2021 from a Series D round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Oct 21, 2021 Series D ₹860M 2 Blume Ventures
TransUnion CIBIL
Detail
Aug 27, 2020 Debt Financing ₹160M 3 Detail
Jan 5, 2018 Series Unknown $3M 3 New Enterprise Associates Detail
Dec 1, 2016 Debt Financing 1 Trifecta Capital Advisors Detail
Aug 18, 2015 Series Unknown 4 New Enterprise Associates Detail

Employee Profiles

Number of Employee Profiles
6
IDfy has 6 current employee profiles, including Executive Ashok Hariharan
Executive
Executive
Executive
Executive
Executive