Observed Signal · Feb 13, 2025 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
ACF Investors lead funding for UK's OneID digital ID services
OneID, a UK-based provider of bank-verified digital identification, has secured new funding led by ACF Investors. The service enables document-free identity verification in 12 seconds using bank data, without registration or storing personal data. OneID's customer base includes NatWest and Adobe. The investment will enhance its product, expand into new sectors, and serve a growing customer base. CEO Paula Sussex highlighted an upcoming Adobe integration with leading UK banks. Tim Mills of ACF Investors noted the government's growing focus on digital identity. OneID has previously raised over £16 million from more than 200 angel investors across the UK, Sweden, and the US.
Funding for a UK identity verification provider, relevant for privacy-compliant digital identity solutions in advertising and banking sectors.
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Key Takeaways & Evidence Grounding
- OneID secured new funding led by ACF Investors (amount not disclosed).
- OneID provides bank-verified digital identity verification, taking 12 seconds without document scanning.
- OneID's customer base includes NatWest and Adobe.
- OneID previously raised over £16 million from more than 200 angel investors.
- The funding will support product enhancement and expansion into new market sectors.
Connected Companies & Entities
3 Entities mapped“UK's only bank-verified digital identification service provider OneID has secured new funding led by ACF Investors....”
“OneID has secured new funding led by ACF Investors....”
“The service also prioritises privacy... with a growing customer base, including NatWest and Adobe....”
Ontology Mapping & Concepts
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