OverviewSuggest Edit

Onfido is a company that provides an AI-based ID verification platform. Its technology is designed to complete document verification and confirm that the identification sent by users matches their face, using facial biometrics. The company serves financial services, marketplaces and communities, gaming, transport, retail and e-commerce, healthcare, and telecommunications industries.

TypePrivate
Founded2012
HQLondon, GB
Websiteonfido.com
Employee Ratings3.8

Latest Updates

Employees (est.) (Dec 2019)244(+12%)
Job Openings117
Revenue (FY, 2020)£45.4 M(+65%)
Cybersecurity ratingBMore
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Key People/Management at Onfido

Mike Tuchen

Mike Tuchen

Chief Executive Officer
Ruhul Amin

Ruhul Amin

Co-Founder
Faisal Chughtai

Faisal Chughtai

Chief Financial Officer
Eamon Jubbawy

Eamon Jubbawy

Co-Founder
Alex Valle

Alex Valle

Chief Product Officer
Nate Skinner

Nate Skinner

Chief Marketing Officer
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Onfido Office Locations

Onfido has offices in London, Albuquerque, New York, San Francisco and in 8 other locations
London, GB (HQ)
3 Finsbury Ave
London, GB
77 Farringdon Rd
Puteaux, FR
1 Parvis de la Défense
Gurugram, IN
Platina Tower, MG Road, Near Sikandarpur Metro Station, Sector 28
Lisboa, PT
R. Alexandre Herculano
Évora, PT
P.I.T.E Rua Circular Norte
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Onfido Financials and Metrics

Summary Metrics

Founding Date

2012

Onfido total Funding

$216 m

Onfido latest funding size

$6.55 m

Time since last funding

2 years ago

Onfido investors

Onfido's latest funding round in August 2020 was reported to be $6.5 m. In total, Onfido has raised $216 m
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Onfido Revenue

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Onfido's revenue was reported to be £45.41 m in FY, 2020
GBP

Revenue (FY, 2020)

45.4m

Gross profit (FY, 2020)

33.3m

Gross profit margin (FY, 2020), %

73.2%

Net income (FY, 2020)

(33.0m)

EBIT (FY, 2020)

(34.8m)

Cash (31-Dec-2020)

87.1m
GBPFY, 2018FY, 2019FY, 2020

Revenue

18.6m27.6m45.4m

Revenue growth, %

135%48%

Cost of goods sold

9.7m8.6m12.2m

Gross profit

8.9m18.9m33.3m
GBPFY, 2018FY, 2019FY, 2020

Cash

23.9m15.6m87.1m

Accounts Receivable

3.8m7.2m12.6m

Prepaid Expenses

856.9k1.5m2.1m

Current Assets

29.3m25.6m104.7m
GBPFY, 2018FY, 2019FY, 2020

Net Income

(1.7m)(26.1m)(33.0m)

Depreciation and Amortization

347.8k619.1k954.0k

Accounts Payable

6.4m9.1m15.0m

Cash From Operating Activities

(11.7m)(13.5m)(19.2m)
GBPFY, 2018

Revenue/Employee

92.4k

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.4 x
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Onfido Operating Metrics

Onfido's Enterprise Customers was reported to be 1.5 k in Nov, 2020.
Sep, 2017Apr, 2020Nov, 2020

Countries

60

Enterprise Customers

1.5 k1.5 k

Trademark Applications

1

Trademarks (US)

2
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Onfido Acquisitions / Subsidiaries

Company NameDateDeal Size
Onfido GmbH
Onfido Inc
Onfido Pte Ltd
Onfido SAS
Onfido Services India Private Ltd
Onfido Unipessoal Ltd

Onfido Revenue Breakdown

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Onfido revenue breakdown by geographic segment: 74.5% from UK, 22.2% from United States and 3.3% from Other

Onfido Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Onfido Online and Social Media Presence

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Onfido News and Updates

Simplex selects Onfido for secure identity verification

Simplex, a Nuvei company and one of the largest fiat infrastructures for digital currencies globally, today announced a partnership with Onfido, the global identity verification and authentication provider, to verify customers on its banking service and payment processing platform with AI-powered do…

Tiger Brokers selects Onfido to automate customer onboarding

Tiger Brokers (Singapore), the online brokerage, today announced a partnership with Onfido, the global identity verification and authentication company, to automate customer onboarding using Onfido’s AI-powered document and biometric verification solution, to verify users quickly and efficiently whi…

AI startup Onfido considers listing in New York instead of London

The British digital identity startup is reportedly considering a stateside IPO over a London listing, due to rapid business growth The post AI startup Onfido considers listing in New York instead of London appeared first on CityAM.

FaceTec and Onfido team on face biometrics

FaceTec, Inc., U.S.-based provider of world-leading 3D Liveness and 3D Face Matching software for remote identity platforms, and U.K./U.S.-based Onfido, a global leader in identity verification, have announced today a partnership to combat the growing problem of digital fraud.

Trine taps Onfido for onboarding process

Trine, a Swedish-based investment platform, has partnered with Onfido, the global identity verification and authentication company, to accelerate user onboarding, making it quicker and easier for investors to verify their identity during the onboarding process.

Bitex taps Onfido for instant KYC for crypto investors

With volatility emerging as a major concern around digital assets like Bitcoins, implementation of strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures have gained significance.
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Onfido Blogs

Browser screenshot tool with MediaStream API

ProblemRecently we took on a challenge to create a solution for our Analysts who needed to perform a manual action as part of a traceability process. They needed to verify a user-submitted security code against a UK government database to prove a person’s right to work. Then, they needed to take a s…

Chaos Engineering Experiments

The acceptance criteria you should be using for chaos engineering experiments Continue reading on Onfido Product and Tech »

Evaluating design system adoption using custom CSS

One of the more tedious parts of a design system team’s job is auditing for component and token usage in live products. With products often in different states of implementing our design system, part of our job is to find inconsistencies, suggest the use of available components, or offer better uses…

Tips for planning a remote Hackathon

In 2020, Onfido held its first remote Hackathon event. We called it “The 2020 Effect,” and invited participants to help shape the impact 2020 would have on Onfido. No one on the committee had planned a remote Hackathon before then. Here are a few of the questions we encountered and how we approached…

How we improved our project and file structure in Figma

Like many design teams, Onfido made the transition from Abstract + Sketch, to Figma in the last couple of years. One of the common resistance points internally before making that switch, was Figma’s lack of Git-style branching that Abstract enabled. The design team had come to rely on branching and …

ML Ops — a TPM’s guide on how to get started

ML Ops — a TPM’s guide on how to get startedFirst things first — Why am I writing this article?I had my first experience working on deploying a new machine learning model to a live production system two years ago when I joined a high profile project said to be game-changing for our business (no pres…
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Onfido Frequently Asked Questions

  • When was Onfido founded?

    Onfido was founded in 2012.

  • Who are Onfido key executives?

    Onfido's key executives are Mike Tuchen, Ruhul Amin and Faisal Chughtai.

  • How many employees does Onfido have?

    Onfido has 244 employees.

  • What is Onfido revenue?

    Latest Onfido annual revenue is £45.4 m.

  • What is Onfido revenue per employee?

    Latest Onfido revenue per employee is £186.1 k.

  • Who are Onfido competitors?

    Competitors of Onfido include Jumio, Yoti and IDNow.

  • Where is Onfido headquarters?

    Onfido headquarters is located at 3 Finsbury Ave, London.

  • Where are Onfido offices?

    Onfido has offices in London, Albuquerque, New York, San Francisco and in 8 other locations.

  • How many offices does Onfido have?

    Onfido has 13 offices.