Onfido
Also a provider — view Onfido’s profile →“Can an AI-native identity verification platform become the default KYC layer inside a broader trust-services suite (Entrust) covering certificates, biometrics and IDV?”
Founded2012
HQLondon, United Kingdom
Latest roundAcquired by Entrust (April 2024, ~$650M)
IndustryInfrastructure / Identity
The story
Onfido was founded in 2012 as an AI-driven identity verification vendor, pairing document capture with facial biometrics and liveness for KYC/AML onboarding. It scaled into financial services, digital banks and crypto (Tesco Bank, Simplex, etc.) as a pure identity-infrastructure provider. In April 2024 it was acquired by Entrust for ~$650M and rebranded as Entrust's Identity Verification platform — its SDKs, Studio workflows and Atlas AI now sit inside Entrust's broader trust-services stack.
Product timeline
2012
Founded in London as an identity verification platform (formerly known as Referencebox / Verifyrecruit).· pivot
2024
Acquired by Entrust for ~$650M; Onfido brand folded into Entrust Identity Security portfolio.· acquisition
The stack
1 layer disclosed in Onfido’s embedded-finance stack
KYC
Accounting gap: none