Onfido

London, United Kingdom Technology Acquired

Onfido is a cloud-based, AI-powered identity verification and Know Your Customer (KYC) provider, founded at the University of Oxford in 2012 and headquartered in London. Its document checks and biometric face matching are used by banks, fintechs, e-commerce platforms, gaming operators and marketplaces to detect identity fraud and meet regulatory obligations. Entrust Corporation acquired Onfido in April 2024, and the product line is now sold as Entrust IDV within Entrust's identity security portfolio.

Acquired

Onfido has been acquired

Acquired by Entrust Corporation Apr 9, 2024 $650M

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2012

Employees

500–1,500

Total Funding

$860.3M

7 rounds

Latest Valuation

$0.65B

Apr 9, 2024

Secondary Signals (Note: SetterVC does not verify the accuracy of these)

1 signal
Leadership Change Recent 2026-03-31

Tony Ball became Entrust CEO on 2026-03-31, succeeding Todd Wilkinson, who retired after 17 years.

Parent-company leadership change; no direct pricing signal for Onfido itself.

Funding

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Total raised $860.3M across 7 rounds

Last updated 09-16-2026

DateRoundAmount RaisedValuationLead Investors
Apr 9, 2024 M&A exit TechCrunch $650M $0.65B Entrust Corp
Apr 15, 2020 Series D $100M — TPG Growth
Apr 2019 Series C+ (SoftBank/Salesforce) $50M — SoftBank Investment Advisers, Salesforce Ventures

Leadership

  • Tony Ball

    Chief Executive Officer, Entrust (parent company)

  • Mike Baxter

    President, Chief Technology & Product Officer, Entrust

    LinkedIn
  • Ruhul Amin

    Co-Founder, Chief Architect

  • Nello Franco

    Chief Customer Officer

    LinkedIn
  • Elisa Gilmartin

    Chief People Officer

    LinkedIn

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • Sumsub

    Leading KYC and identity verification platform used by fintech and financial services companies.

  • Jumio

    Identity verification and document authentication platform for financial services and compliance.

  • Mitek Systems

    AI-powered identity verification, document capture, and mobile capture solutions.

  • Socure

    Digital identity verification platform trusted by financial services and fintech leaders.

  • Veriff

    Global identity verification company providing KYC and AML compliance solutions.

  • Trulioo

    Global identity verification and compliance platform serving financial services and fintech.

Access live market data

Sign Up

Data collected with AI, which can make mistakes. Please double-check this information.