About
Onfido was a leading AI identity verification provider acquired by Entrust for $650M (April 2024). Had $140M+ ARR and 1,200+ customers including Revolut and Orange before acquisition. Oxford University spinout (largest-ever return for student-led startup). Blocked $6B in fraud over 17 months; saw 3,000% increase in deepfakes. Now integrated into Entrust's identity-centric security suite.
Key Facts
- [1]Founded: Founded in 2012 in London, United Kingdom.
- [2]Funding: Total funding: $242M. Last round: Apr 2024. Stage: Growth.
- [3]Employees: Employee count: 501-1,000.
- [4]Acquisition: Acquired by Entrust.
- [5]Company Type: Acquired company.
- [6]Website: Official website: onfido.com.
- [7]AI Technology: Core AI/ML technologies: Computer Vision.
- [8]Region: Region: EMEA (United Kingdom).
Founders
Husayn Kassai
Co-founder & CEO
Eamon Jubbawy
Co-founder
Ruhul Amin
Co-founder
AI Technology
Computer Vision
Image and video processing, OCR, and document extraction
Classification
Details
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Frequently Asked Questions
What is Onfido (Entrust)?
Onfido was a leading AI identity verification provider acquired by Entrust for $650M (April 2024). Had $140M+ ARR and 1,200+ customers including Revolut and Orange before acquisition. Oxford University spinout (largest-ever return for student-led startup). Blocked $6B in fraud over 17 months; saw 3,000% increase in deepfakes. Now integrated into Entrust's identity-centric security suite. Onfido (Entrust) is classified in the Risk & Compliance segment at the Models layer of the financial AI stack.
Who founded Onfido (Entrust)?
Onfido (Entrust) was founded by Husayn Kassai (Co-founder & CEO), Eamon Jubbawy (Co-founder), and Ruhul Amin (Co-founder) in 2012 in London, United Kingdom. The company has been operating for 14 years. The company was acquired by Entrust.
How much funding has Onfido (Entrust) raised?
Onfido (Entrust) has raised $242M in total funding, placing the company at the Growth stage. The most recent round closed in Apr 2024. Among 74 funded Risk & Compliance companies, Onfido (Entrust) ranks #18 by total capital raised. (Source: AIFI Map directory.)
What AI technology does Onfido (Entrust) use?
Onfido (Entrust) primarily leverages Computer Vision technology. Image and video processing, OCR, and document extraction. Within the Risk & Compliance segment, 17 companies use this technology.
What market segment does Onfido (Entrust) operate in?
Onfido (Entrust) operates in the Risk & Compliance and Lending & Credit and Banking & Payments and Crypto & Web3 market segments. AI risk and compliance companies protect financial institutions from fraud, money laundering, identity theft, and regulatory violations. This is one of the largest and most critical segments in the AI finance landscape, as the cost of financial crime and non-compliance runs into the hundreds of billions annually. The company also has a footprint in lending & credit and banking & payments and crypto & web3, reflecting its cross-functional approach to financial AI.
Where is Onfido (Entrust) headquartered?
Onfido (Entrust) is headquartered in London, United Kingdom. The company operates in the EMEA region. The team consists of 501-1,000 employees. United Kingdom is home to 33 financial AI companies tracked by AIFI Map.
Who are Onfido (Entrust)'s competitors?
Companies similar to Onfido (Entrust) in the Risk & Compliance space include Feedzai ($431M raised), Sardine ($170M raised), Hawk AI ($83M raised), Resistant AI ($55M raised), Flagright ($8M raised). These companies operate in related areas of financial AI: Feedzai focuses on ai-native fraud and financial crime prevention platform for major banks. Sardine focuses on ai risk platform for fraud, credit, and compliance. Hawk AI focuses on ai-powered aml and fraud detection for banks and fintechs. (Based on AIFI Map classification data.)
What products does Onfido (Entrust) offer?
Onfido (Entrust) builds models-layer solutions for the financial services industry. The company's core offering: AI document and biometric verification. The platform is powered by Computer Vision technology.
Is Onfido (Entrust) publicly traded?
Onfido (Entrust) is no longer independently traded. The company was acquired by Entrust. Prior to the acquisition, Onfido (Entrust) had raised $242M in venture funding.