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September 5, 2023

OneID gets £1M Boost to Revolutionize Digital Identity

Raised £1 Million Investment to Pave the Way for Safer Digital Identity Verification

In a significant boost for the digital identity verification landscape, London-based OneID, a UK pioneer in bank-verified digital identification services, has secured £1 million in fresh funding from ACF Investors. This strategic investment, with ACF Investors' backing, known for supporting innovative ventures like BlackCurve and Wayland Additive, underscores OneID's mission to revolutionize online identity verification, making it more secure, accessible, and convenient for users worldwide.

OneID, founded in 2020 by Steve Kirsch, is on a mission to empower individuals with a seamless and secure digital identity experience. In a world increasingly driven by digital interactions and transactions, OneID's innovative solution eliminates the need for physical identification documents, offering businesses and individuals a swift and trustworthy method to digitally prove their identity anytime, anywhere.

OneID's real-time digital identity service establishes unwavering certainty between businesses and customers, all while maintaining speed, cost-effectiveness, and top-notch security. The platform employs advanced anti-fraud measures, providing a robust shield against online identity fraud for banks, businesses, and consumers.

The brilliance of OneID lies in its user-friendliness. Individuals can effortlessly verify their identity using bank-verified data, all without cumbersome registration processes or data storage concerns. Say goodbye to the hassle of scanning passports or taking selfies to prove your identity online.

To utilize OneID, users simply select the service as their preferred identity verification method when signing up for an online product or service. They grant consent to OneID, allowing the platform to contact and validate their details with their bank, whether through online or mobile banking. Once confirmed, OneID securely authenticates its identity to the online product or service provider in a matter of seconds.

OneID's offering of bank-verified digital identity services holds the potential to benefit approximately 50 million UK citizens, ushering in a new era of secure, efficient, and convenient online transactions. This innovation promises advantages for both consumers and businesses alike, streamlining processes and enhancing security in the digital realm.

The company proudly holds B Corp certification, a testament to its commitment to balancing purpose and profit. With the support of 170 angel investors, OneID has established itself as one of the UK's most prominent angel-backed startups, poised to redefine the landscape of digital identity verification.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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