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OneID Secures £1 Million in Funding to Advance Digital Identity Verification Services in the UK

AI/MLOneID Secures £1 Million in Funding to Advance Digital Identity Verification Services in the UK

OneID, a UK-based provider of bank-verified digital identification services, has secured £1 million in funding from ACF Investors. The company plans to use the capital to further develop its product and expand its mission to simplify and secure online identity verification. OneID’s solution eliminates the need for physical identification documents, allowing individuals and businesses to digitally prove their identities quickly and securely. Users select OneID as their identity verification method, grant consent for OneID to contact their bank for verification, and then have their identity confirmed to online product or service providers in seconds. The company aims to make bank-verified digital identification accessible to approximately 50 million UK citizens.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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