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The COVID-19 pandemic has boosted a massive digital migration for many critical services. These services require a reliable identity to make sure that an individual is who they claim to be while keeping out fraud.
FREMONT, CA: ID.me, the leading secure digital identity network, has declared that it has raised $100 million in a Series C funding round led by Viking Global Investors. Counterpoint Global (Morgan Stanley), PSP Growth, Lead Edge Capital, CapitalG, Willoughby Capital, WndrCo, BoxGroup, and Moonshots Capital joined the round. Prominent investors include Marcelo Claure, Alexa Von Tobel, and Dan Rosensweig.
The COVID-19 pandemic has boosted a massive digital migration for many critical services. These services require a reliable identity to make sure that an individual is who they claim to be while keeping out fraud. Identity verification that serves only one organization is time-intensive and costly. Separate passwords for each application increase consumer frustration. With ID.me, login and identity credentials move with an individual, so they only have to verify once.
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"ID.me is simplifying how individuals securely prove and share their identity online," stated Blake Hall, Founder and CEO of ID.me. "What Visa did for financial transactions, we are doing for identity with our secure digital identity network. It's hard to imagine a world without Visa, where people wouldn't have a portable credential for payments, yet logins and passwords are often useful only at one organization. ID.me empowers people to fully control their own data through a portable and trusted login so they don't need to create a new password at each site they visit."
"Trust is the fundamental differentiator for consumers and for building great businesses today," stated Penny Pritzker, founder and Chairman of PSP Partners and PSP Growth. "ID.me has strong leadership, values and a culture that is built on trust and being ethical stewards of personal data. We are bullish on ID.me because they strive to empower more people and organizations to take better control of their data, addressing the clear market need for a common secure digital identity network."
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