OneID secures ACF investment to expand digital identity services
Deal News | Feb 14, 2025 | Business Cloud
OneID, a Manchester-based digital identification services business, has secured new funding led by ACF Investors. The funding aims to drive growth and expansion of operations and services to its expanding customer base. OneID, known for being the UK's only provider of bank-verified digital identification services, has raised a total of over £16 million from more than 200 investors in the UK, Sweden, and the US. The firm's technology is widely accessible, leveraging data from approximately 90% of UK adults using online banking. Recent growth has seen collaborations with companies like NatWest and Adobe. CEO Paula Sussex expressed the company's commitment to enhancing digital identity security. With this latest investment from ACF, OneID looks to further scale its operations in 2025.
Sectors
- RegTech
- Financial Services
- Technology
Geography
- United Kingdom – The article is situated around OneID, a Manchester-based company that predominantly serves the UK market.
- Sweden – Sweden is mentioned as part of the investor base participating in OneID's funding.
- United States – The US is mentioned in relation to the geographical diversity of OneID's investors.
Industry
- RegTech – RegTech Industry is relevant as OneID provides digital identification services that facilitate regulatory compliance.
- Financial Services – Financial Services are pertinent because OneID's identity verification is crucial for financial institutions in fraud prevention and regulatory adherence.
- Technology – Technology industry is applicable given OneID is a firm whose main offerings include digital solutions and technical integration with partners like Adobe.
Financials
- Over 16 million – Total raised by OneID from more than 200 investors.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| OneID | Target company | Company | Manchester-based firm providing digital identification services. |
| ACF Investors | Bidding Company | Company | The lead investor in OneID's recent funding round. |
| Paula Sussex | CEO of OneID | People | CEO of OneID, focusing on making digital identity verification more efficient. |
| Tim Mills | Managing Partner at ACF Investors | People | Expressed enthusiasm for OneID's potential in digital identity solutions. |
| NatWest | Customer | Company | A customer of OneID. |
| Adobe | Customer | Company | A customer of OneID with upcoming integrations. |