Global identity verification and authentication provider听Onfido听has broken its revenue record for the fifth consecutive quarter.听
The London-headquartered firm has seen a听100% increase year-over-year in global revenue听and also听surpassed $100听million听in annual recurring revenue.听听
This strong momentum was driven by over 200% year-over-year sales growth in the US, as well as significant partner program expansions.听听
These included new engagements with Visa and Amazon in the US and cryptocurrency trading platform听Phemex, which joins a growing list of leading crypto partners such as听Wirex听and听LocalBitcoins.听
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鈥淥ur record growth underscores the continued market demand for identity verification and authentication solutions and we鈥檙e delivering to meet that demand,鈥� said Mike听Tuchen, CEO of听Onfido.听听
鈥淚n this thriving digital economy, organizations require strong, flexible security that doesn鈥檛 compromise on user experience.听Onfido听equips organisations with the tools they need to consistently scale to meet these demands 鈥� and we鈥檙e only getting started.鈥�听
In the last quarter, the firm launched听Onfido听Face Authenticate and Enterprise Encryption, which听gives businesses the ability to continuously authenticate their users in a remote setting, without compromising user experience or privacy.听听
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