Tuesday, July 15, 2025
No Result
View All Result
Ajoobz
Advertisement
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Ajoobz
No Result
View All Result

OneID Raises $1.3 Million for UK-Based Identity Service

2 years ago
in DeFi
Reading Time: 2 mins read
0 0
A A
0
Home DeFi
Share on FacebookShare on TwitterShare on E-Mail


OneID raised $1.3 million (£1 million) in funding.

The funds come from ACF Buyers.

OneID has a novel method on digital identification verification. It makes use of shoppers’ current banking relationship to authenticate their identification.

U.Okay.-based OneID introduced it raised $1.3 million (£1 million) in funding. The Seed spherical, which marks the corporate’s second funding spherical, comes from ACF Buyers. OneID additionally counts 170 angel traders amongst its backers.

“The funding from ACF Buyers is a coming collectively of comparable pursuits and visions,” stated OneID CEO Paula Sussex. “Because the world more and more turns into digital-first, we intention to attenuate fraud, improve on-line experiences, and make the world a safer place.”

OneID, which is able to use as we speak’s funding for product improvement, was based in 2020 with a novel tackle digital verification. The corporate leverages shoppers’ current financial institution accounts to authenticate them. After receiving consent from the patron, OneID contacts the financial institution to confirm their identification.

By leveraging shoppers’ current financial institution relationship, OneID eliminates the necessity for shoppers to endure a registration course of, take a selfie, present paper paperwork, or journey to a bodily location. It additionally implies that OneID doesn’t have to retailer any delicate information.

Sussex sees the spherical as a “vote of confidence” within the firm’s efforts to make digital identification accessible and accessible to extra U.Okay. residents.

“We’re consistently monitoring companies which have the potential to boost the lives of the British folks and redefine the way forward for the U.Okay., stated ACF Managing Accomplice Tim Mills. “OneID, with its easy, reliable, and efficient resolution to a urgent downside, might contact some 50 million U.Okay. residents and make bank-verified digital identification the norm within the UK.”

Associated



Source link

Tags: IdentityMillionOneIDraisesServiceUKBased
Previous Post

SEC Hasn’t Met Requirements to Argue for an Appeal, Ripple (XRP) Says

Next Post

Max Mint ⏫ – by William M. Peaster

Related Posts

Does the Crypto Industry Really Need U.S. Leadership to Succeed Globally?
DeFi

Does the Crypto Industry Really Need U.S. Leadership to Succeed Globally?

2 days ago
Finovate Global Peru: Digital Wallet Partnerships and Innovations in Payment Services
DeFi

Finovate Global Peru: Digital Wallet Partnerships and Innovations in Payment Services

4 days ago
How to Get Started as a DAO Contributor
DeFi

How to Get Started as a DAO Contributor

4 days ago
Jumio and Prometeo Partner to Launch ID Verification Solution
DeFi

Jumio and Prometeo Partner to Launch ID Verification Solution

5 days ago
SNXweave Weekly Recap 189
DeFi

SNXweave Weekly Recap 189

6 days ago
What is Pyth Network and How Does It Compare to Chainlink?
DeFi

What is Pyth Network and How Does It Compare to Chainlink?

6 days ago
Next Post
Max Mint ⏫ – by William M. Peaster

Max Mint ⏫ - by William M. Peaster

Ex-SEC chair Jay Clayton says approval for a spot Bitcoin ETF is ‘inevitable’

Ex-SEC chair Jay Clayton says approval for a spot Bitcoin ETF is ‘inevitable’

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

[ccpw id="587"]
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • DMCA
  • Terms and Conditions
  • Contact us
Contact us for business inquiries: cs@ajoobz.com

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Ajoobz.
Ajoobz is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In