Company Overview

About Onfido

Onfido Details

Founded

2012

Revenue

$140M

Funding

$193M

Team Size

540

What SIA Thinks

When it comes to verifying identities online, Onfido makes the whole process straightforward and reliable. It’s a software that helps businesses confirm a person’s identity using a mix of document verification, facial biometrics, and other checks. This makes it easier for companies to confidently onboard new customers while ensuring security.

Imagine you run an online business and need to confirm that your new users are who they say they are. Onfido steps in to help by checking their identity documents, like passports or driver’s licenses, and matching them with the users' selfies. It uses advanced technology to make sure that the documents are real and that the selfie matches the picture on the ID.

Onfido's main appeal is in helping businesses reduce fraud without making things complicated for genuine users. Instead of taking days or even weeks to verify identities manually, Onfido speeds up the process considerably. It’s all about making things easier and safer for businesses and their customers.

What’s nice about Onfido is it can be used in various sectors – whether you are a bank looking to streamline your account opening process, a rental company needing to verify your customers, or a gig economy platform wanting to ensure your workers' identities, Onfido fits right in. It's designed to work seamlessly and can be customized to fit different needs.

Using Onfido means you can focus on growing your business, knowing the identity verification part is taken care of. This builds trust with your customers too, showing you value their security and privacy. With a mix of smart technology and user-friendly design, Onfido stands out as a helpful tool for businesses wanting to simplify identity verification.

Pros and Cons

Pros

  • Secure verification
  • Time-saving
  • User-friendly
  • Widely trusted
  • Quick setup

Cons

  • Costs involved
  • Integration challenges
  • Data privacy concerns
  • Occasional delays
  • Limited support

Reviews

There are no reviews yet!!