Onfido Delivers ID Verification to Mobility-as-a-Service Firm Drover

Mobility-as-a-service platform Drover has teamed up with identity verification specialist Onfido to support smarter, more secure onboarding for its customers.

“Balancing security against a smooth user experience is a challenge for many businesses, but our AI technology means we’re able to help Drover deliver both,” Onfido CEO Husayn Kassai said. “Reducing risk and building trust is core to both of our businesses, so the partnership is a natural fit.”

With Onfido as a partner, Drover will offer its drivers the ability to easily verify their identity when signing up for the company’s flexible car subscriptions. Drivers take a photo of their government-issued ID document, and Onfido checks to assure that the document is genuine by cross-referencing it against international databases. The technology also leverages machine learning to conduct facial checks to ensure image accuracy and liveness.

Drover CEO Felix Leuschner highlighted this last factor as one of the key reasons for partnering with Onfido. “As we grow our user base, being able to consistently deliver the speed our users want with the security they need is crucial,” he said. “Onfido helps us do both, so we can protect our platform without impacting on (our) user experience.”

An alternative to car leasing and buying, Drover began as an option for drivers working for Uber. Founded in 2015, the company has since grown into a subscription service for consumers that provides access to a new car for a single, all-in-one monthly payment. Drover is based in London, U.K., and has raised more than $9.7 million (£7.5 million) from investors including Partech, Version One Ventures, Cherry Ventures, Forward Partners, and BP Ventures.

Onfido demonstrated its Facial Check with Video technology at FinovateFall 2018. The London, U.K.-based company, which was founded in 2012, raised $50 million in new funding last month in a round led by SBI Investment and Salesforce Ventures. Appointed to the FIDO Alliance Board of Directors and added to the inaugural cohort of cross-border regulatory sandbox, Global Financial Innovation Network (GFIN) this spring, Onfido also made major C-suite moves in the first half of the year, appointing Kevin Goldsmith as Chief Technology Officer and Thomas Ammirati as Chief Revenue Officer.

In addition to its partnership with Drover, Onfido has teamed up with a variety of businesses and institutions this year. In March, the company announced a collaboration with INTERPOL to help the international police organization better spot fraudulent IDs. In February, Onfido announced it would provide identity verification for 2nd Address, a California-based online rental marketplace for extended accommodations.

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Onfido Raises $50 Million in New Capital

A new round of funding led by SBI Investment and Salesforce Ventures has driven identity verification specialist Onfido’s total capital to more than $100 million.

“With this new funding, we can protect more businesses, in more countries – and in more ways – from the effects of fraud,” Onfido co-founder and CEO Husayn Kassai said. “We’ll also be able to expand the reach of our technology, so that people without a credit history can finally access the online services they badly need.”

This week’s $50 million financing, which featured participation from M12 (formerly Microsoft Ventures), FinVC, and other investors, will help Onfido fulfill its goal of leveraging AI to standardize how businesses verify identity. In a statement, the company said the funding would also help it “consolidate its core market in the U.S.” as well as support growth in areas like Europe and Southeast Asia.

As part of the investment, former Chief Sales Officer and Vice Chairman of Salesforce Frank van Veenendaal (pictured right with Onfido CEO Kassai) will join Onfido’s board of directors. “There has never been a more important time for companies to build trust with their customers by showing they are one step ahead of fraudsters,” Veenendaal said.

“I believe Onfido has the unique opportunity to transform the digital identity market and deliver robust and scalable authentication-as-a-service,” he added, “similar to how Salesforce transformed customer relationship management.”

Onfido demonstrated its Facial Check with Video solution at FinovateFall 2018. The technology offers enhanced security during new user onboarding by having users video themselves performing specific actions such as repeating random numbers to ensure liveness. Onfido’s solution then leverages machine learning to compare the facial image in the video to the image on the user’s identity document.

Appointed to the FIDO Alliance Board of Directors in March, Onfido also last month announced a project to help train officials at INTERPOL to better identify fraudulent ID documents. The company has made a number a partnerships in the first few months of the year including teaming up with PensionBee, collaborating with P2P RV rental firm, RVshare, and providing verification services for extended stay marketplace, 2nd Address.

Most recently, Onfido partnered with IDValidation to fight the growing problem synthetic identity fraud in which only a single element of an individual’s identity – rather than the users’s complete identity – is stolen and used to make transactions.

With more than 1,500 customers around the world – including industry leaders like DraftKings, Remitly, and Zipcar – Onfido was founded in 2012. The company is headquartered in London, U.K.

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Onfido Teams Up with Extended Stay Marketplace 2nd Address

Less than one month after announcing its expansion into France and a new partnership with IDEMIA, Onfido is back in the news. The identity verification specialist is bringing its technology to San Francisco, California-based online rental marketplace, 2nd Address.

“As the rentals market gets ever more popular, with millions of online transactions happening every month, it’s hard to know if your customers are who they claim to be,” Onfido CEO and co-founder Husayn Kassai said. “We bring trust to digital interactions worldwide and pride ourselves in delivering an experience that’s as rapid as it is robust.”

2nd Address provides furnished, long-term rental accommodations for business professionals in the U.S. Onfido’s identity verification technology will enable the company to quickly and accurate verify and onboard new renters at the point of booking while helping protect hosts against fraud. The process is straightforward: potential renters take a selfie and a photo of their identity document. Onfido’s technology determines the legitimacy of the ID document, and compares the selfie image to the photo on the ID.

“2nd Address is committed to making sure that not only do our guest have a modern booking process, but that our hosts receive high-quality guests,” company CEO Chung-Man Tam said. “Onfido helps us deliver a smooth user experience while also creating the trust and safety that’s crucial to our community.”

Onfido demonstrated its Facial Check with Video technology at FinovateFall 2018. The point-of-signup solution leverages machine learning to detect liveness to ensure that facial checks cannot be spoofed by stolen photos or IDs. Partnered with firms such as Zipcar and fellow Finovate alum Revolut, Onfido provides verification checks in more than 190 countries around the world.

The company has raised $60.3 million in funding. Crane Venture Partners, Microsoft Ventures, and Salesforce Ventures are among Onfido’s most recent investors.