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Digital Identity, Security & Online Fraud

ID.me secures USD 19 mln to further develop digital identity solutions

Tuesday 14 March 2017 | 09:38 AM CET

ID.me, a federally accredited digital identity company, has secured a USD 19 million Series B investment led by FTV Capital.

The company plans to invest these funds in sales, marketing and product development. ID.me's Identity Gateway allows individuals to tie their legal identity to a digital login that is accepted across multiple websites, eliminating the need to create a new login or to verify identity at each site directly. As part of the transaction, FTV Capital partner Liron Gitig will join the company's board of directors.

ID.me's Identity Gateway verifies identity by remotely checking government issued identity documents with machine vision, mobile network operator (MNO) data, authoritative government and commercial databases, along with device identity and fraud algorithms.

ID.me provides Identity-as-a-Service to over 200 organizations, including Veterans Affairs, State of Maine, Fanatics, Under Armour and USAA. With ID.me's technology, Veterans can access services like prescription refill and messaging with their healthcare provider, anywhere they have a connection to the internet by registering a Vets.gov account using ID.me's online Identity Gateway.

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