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Onfido, founded in 2012 and headquartered in London, United Kingdom, is a leading provider of artificial intelligence-based technology with facial biometrics. The company offers businesses customizable verification methods tailored to individual user and market needs through a no-code platform. Serving various industries including financial services, gaming, healthcare, and telecommunications, Onfido has established itself as a significant player in the identity verification sector.
Since its inception, Onfido has successfully raised a total of $214.53 million in funding, demonstrating strong investor confidence in its technology and business model. The company's innovative approach to identity verification has positioned it as a key player in the rapidly evolving digital security landscape.
It's important to note that as of February 2024, Onfido was acquired by Entrust, a global leader in trusted identity, payments, and data protection. This acquisition may significantly impact any potential plans for an initial public offering (IPO) that Onfido might have had.
Given the recent acquisition, there is currently no concrete information available regarding Onfido's IPO prospects. As the company is now part of Entrust, any decisions regarding going public would likely be made at the parent company level. Investors interested in gaining exposure to Onfido's technology and market position may need to explore alternative investment options or consider the broader Entrust portfolio.
As the digital identity and verification market continues to grow, Onfido's technology remains relevant and in-demand. However, potential investors should keep in mind that the company's future strategic decisions will now be aligned with Entrust's overall corporate strategy.
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While Onfido's IPO prospects remain uncertain, investors eager to gain exposure to innovative identity verification companies don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the fintech and cybersecurity sectors. Our platform allows you to diversify your portfolio with lower minimum investments in emerging industry leaders like Onfido, potentially benefiting from their growth before they go public.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
