Tech Track 100

More than 1,500 global organisations, including Revolut and Zipcar, use Onfido’s machine learning technology to verify users accessing online resources, such as financial services and e-commerce sites. In April it launched a Covid-19 relief initiative to provide free ID checks to non-profit and charitable organisations. It saw a fourfold increase in demand for its services from online healthcare providers during the first month of the lockdown. The three cofounders started the company in 2012, just days after graduating, and oversaw sales of £27.6m in 2019. Onfido has raised $200m in venture capital, including $100m in April in a funding round led by TPG Growth, an early investor in Airbnb and Spotify.

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Company details
Year2020
Rank32
CompanyOnfido
ActivityIdentity verification software
LocationCentral London
Average 3 year sales growth96.35%
Latest sales £000s*27,561
Staff340
Founded2012
Websitewww.onfido.com

If applicable:

* supplied by company † annualised figure