UK-based OneID, a company that offers bank-verified digital identification services, announced that it has raised £1M (€1.16M) in fresh funding from ACF Investors.
This company says the capital will be dedicated to advancing its product, as well as to strengthen its commitment to enhancing online identity verification for a safer digital world.
Bank-validated digital identification has gained popularity in various European nations. For instance, in Sweden, people use BankID twice daily, which amounts to 6 billion transactions each year. In Belgium, the primary identity app itsme garnered over 6.5 million users, enabling 25 to 35 million monthly interactions.
OneID’s provision of bank-validated digital identity services potentially impacts around 50 million UK residents. It claims to usher in an era of secure, streamlined and hassle-free online transactions, benefiting individuals and businesses.