Digital identification services business OneID has secured new funding led by ACF Investors.
The investment will be used to drive growth and expand operations and services to reach its growing customer base.
The Manchester-based firm is the UK鈥檚 only provider of bank-verified digital identification services and has now raised a total of over 拢16m from more than 200 UK, Swedish and US Angel Investors.
OneID says its digital identity services address fraud issues by simplifying customer verification through bank-verified data.聽
The fact that approximately 90% of UK adults who use online banking can use OneID for verification also makes it the most widely accessible solution.聽
The funding follows a period of growth and implementation of the company鈥檚 technology and its customer base now includes NatWest and Adobe.
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鈥淎t OneID, our goal is to make the world safer by making digital identity verification more efficient and accessible for businesses and users,鈥� said CEO Paula Sussex.
鈥淲e鈥檝e had a tremendous year in 2024 across several use cases. With our integration with Adobe set to go live with leading high-street banks in the UK, we are proving our ability to solve urgent business problems against the toughest standard-setters.聽
鈥淭he funding from ACF Investors is a strong vote of confidence in us as a business, and we look forward to working with the team to supercharge our growth in 2025.鈥�
Tim Mills, managing partner at ACF Investors, added: 鈥淭he Government鈥檚 growing focus on digital identity underscores the market鈥檚 need for simple and effective identification solutions.聽
鈥淥neID is delivering exactly that, enabling both fraud prevention and regulatory compliance for financial institutions.聽
鈥淲e are delighted to follow on from our initial investment in 2023 and look forward to supporting the team as they grow.鈥�
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