Significant revenue growth, continued US expansion with Aviata acquisition and key executive hires, point to continued momentum for identity verification leader
Onfido, the global identity verification provider, announced a year-over-year growth of 130%. The significant revenue growth, coupled with its first US acquisition, key leadership appointments and sustained industry recognition, signal continued scale and growth for the company as it focuses on widening access to digital services in 2020.
The company made significant moves over the last quarter to accelerate its presence in the enterprise market, attaining SOC-2 compliance, partnering with CIAM leader ForgeRock and acquiring US systems integrator, Aviata.
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Continuing its ramp in the US, Onfido grew its workforce by 60% y-o-y, basing more senior hires in North America, in line with its growing customer base. Moreover, with a 70% trial win-rate, 7 out of every 10 prospects that run a trial to compare Onfido’s performance with others, choose Onfido.
“2020 is set to be one of our strongest years yet, as we continue to grow our global presence, attract key talent and roll out Digital Access as a Service to enterprises,” said Husayn Kassai, CEO and co-founder of Onfido. “We’re also actively preparing for the future, with many of our engagements around reusable online identities entering their next phase of development, putting consumers in control of their legal identity and widening digital access to much needed online services.”
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Recent highlights include:
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Aviata Acquisition – specialists in developing custom code for Fortune 1000 companies such as Adobe, Cisco, and Dell; Aviata will help accelerate onboarding for Onfido’s enterprise clients and support Onfido’s US production environment
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Eastern Europe Expansion – Onfido’s partnership with Entify, a leading one-click legal entity verification solution, makes it the 5th company to partner with Onfido in Estonia
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Employee Growth – Onfido expanded its London headquarters with a major expansion project, and added 50 new staff in the last quarter alone bringing its total team members to 340
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