Financials

Estimates*

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Revenues, earnings & profits over time
EUR2017201820192020202120222023
Revenues9.5m22.3m33.1m54.5m80.7m78.6m117m
% growth118 %135 %48 %65 %48 %(3 %)48 %
EBITDA(10.5m)(20.3m)(31.0m)(40.7m)-(36.6m)(37.5m)
% EBITDA margin(110 %)(91 %)(94 %)(75 %)-(47 %)(32 %)
Profit(9.9m)(20.9m)(31.3m)(39.6m)-(37.3m)(30.7m)
% profit margin(105 %)(94 %)(95 %)(73 %)-(47 %)(26 %)
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Recent News about Onfido

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More about Onfido
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Onfido is a technology startup that provides an AI-powered digital identity verification solution. The company operates in the growing market of online fraud prevention and identity verification, serving businesses that need to know their customers' real identities. This is particularly relevant for companies operating in sectors with strict Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance requirements, such as financial services, e-commerce, and online gaming.

Onfido's business model revolves around its Real Identity Platform, which uses artificial intelligence to verify customer identities. The platform uses a variety of methods, including document and biometric verifications, trusted data sources, and passive fraud signals. This allows businesses to automate their customer onboarding process, reducing costs and ensuring compliance with global KYC and AML regulations.

The company's product, Onfido Atlas, is an award-winning AI technology developed over 10 years. It helps businesses orchestrate digital identity verification and fraud prevention journeys, presenting the right verifications at the right moments. This means businesses can tailor the verification process to their specific needs without needing to write any code.

Onfido also offers a Smart Capture SDK, which businesses can integrate into their own systems to provide an exceptional, bias-free identity verification experience for their customers. This multi-layer fraud detection tool is designed to be easy to use and accessible for all.

In terms of revenue, Onfido makes money by charging businesses for using its platform and services. The exact pricing likely varies depending on the scale and complexity of the business's needs.

Keywords: AI-Powered Identity Verification, Fraud Prevention, Digital Trust, Customer Onboarding, KYC Compliance, AML Compliance, Real Identity Platform, Onfido Atlas, Smart Capture SDK, Multi-layer Fraud Detection.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by Onfido

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Airside Mobile
ACQUISITION by Onfido May 2023
Eyn Limited
ACQUISITION by Onfido Oct 2021