IDfy is a people information company helping companies combat fraud by providing services such as background verifications.
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.
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 |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Blume Ventures | Yes | Series D |
TransUnion CIBIL | Yes | Series D |
New Enterprise Associates | Yes | Series Unknown |
Trifecta Capital Advisors | Yes | Debt Financing |
Dream Incubator | — | Debt Financing |
Millenna FVCI III | — | Debt Financing |
NB Ventures | — | Debt Financing |
Beenos Partners | — | Series Unknown |
Faktory Ventures | — | Series Unknown |