Onfido IPO
Onfido was a digital identity verification company that provided AI-powered identity checks and document verification services. The company served financial services, sharing economy platforms, and other businesses requiring customer identity verification. Onfido was acquired by Entrust in 2021.
Key Facts
| Industry | Identity Verification |
| Founded | 2012 |
| Headquarters | London, UK |
| Employees | ~500 |
| Website | onfido.com |
| Funding | Acquired by Entrust for $100M in 2021 |
About Onfido
Onfido provides AI-powered identity verification services that help businesses verify user identities through document verification and biometric analysis. The company's Real Identity Platform combines document authentication, facial biometric verification, and various data sources to create a comprehensive identity verification solution used by financial services, sharing economy platforms, and other businesses requiring robust KYC/AML compliance. Onfido's technology processes millions of identity checks monthly and has been particularly successful in emerging markets where traditional credit scoring and identity verification methods are limited. The company was acquired by Entrust in 2021, marking a significant consolidation move in the identity verification space as demand for digital identity solutions accelerated during the pandemic.
IPO Status
Onfido was acquired by Entrust in October 2021 for an undisclosed amount, ending any potential for an independent IPO. Prior to the acquisition, Onfido had raised over $200 million in venture funding and was considered a leading player in the digital identity verification space. The company had shown strong growth and expanded globally before the acquisition. As part of Entrust, Onfido no longer operates as an independent company and therefore will not pursue an IPO. The acquisition allowed Entrust to strengthen its identity and security offerings by incorporating Onfido's AI-powered verification technology.
Competitors
Frequently Asked Questions
Does Onfido have a stock?
No, Onfido never had an IPO. The company was acquired by Entrust in 2021 before going public.
When is the Onfido IPO date?
There will be no Onfido IPO as the company was acquired by Entrust in October 2021. As a subsidiary, Onfido is no longer independent.
How can I buy Onfido stock?
You cannot buy Onfido stock as the company was acquired by Entrust in 2021. Onfido no longer trades as an independent public company.
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