Onfido is a technology company that verifies customer identities using ID documents, selfies, and AI. It is used for fraud prevention and compliance checks such as sanctions and right-to-work verification.
Access to pre-IPO shares is available to accredited investors through UpMarket.
Onfido shares are not on public exchanges. UpMarket provides accredited investors access through secondary market transactions.
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| Date | Round | PPS (split-adj.) | Valuation |
|---|---|---|---|
| 2024 | Acquired by Entrust | ||
| Sep 2021 | Series C | ||
| 2019 | Series B | ||
| 2017 | Series A |
Onfido said its prior year sales grew 342% year over year and it added 1,500 new customers before a $50 million round. The company then raised $100 million led by TPG Growth to expand, with strong demand in the US.
Onfido uses AI to read identity documents and compare them with facial biometrics and other datapoints to confirm a user is who they claim to be. Its platform is used by banks, government bodies, and recruitment businesses that need remote verification.
Onfido helps financial institutions meet know-your-customer and anti-money-laundering requirements, placing it in a large compliance-driven market. The company describes its business as identity verification for businesses operating online, where fraud prevention and trust checks are growing needs.
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No. As of March 2026, Onfido is a private company and does not trade on any public stock exchange. Accredited investors can access Onfido shares through UpMarket, a FINRA-registered broker-dealer that specializes in pre-IPO investments.
Onfido does not have a public stock price because it is privately held. The most recent known share price comes from its last funding round. Pre-IPO share prices on the secondary market may differ from the last round price depending on supply, demand, and market conditions.
Yes. Accredited investors can indicate interest in Onfido shares through UpMarket by filling out the form on this page or creating an account at upmarket.co. All pre-IPO offerings are subject to availability and require a $50,000 minimum investment. UpMarket is a FINRA-registered broker-dealer and has brokered alternative investments since 2019.
Pre-IPO investments carry significant risks. Onfido shares are illiquid, meaning there is no public market to sell them quickly. There is no guaranteed exit timeline or return. The investment is speculative in nature, and investors should be prepared for the possibility of total loss. Valuations of private companies can fluctuate substantially between funding rounds. Investors should consult their financial advisor and review all offering documents before investing.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
There are two primary exit paths for pre-IPO holdings: selling your shares on the secondary market to another buyer, or holding until the company completes an IPO or is acquired. Both paths are subject to transfer restrictions, company approval (right of first refusal), and market conditions. The timing of any exit is unpredictable, and investors should plan for a multi-year holding period.
The minimum investment for most pre-IPO offerings on UpMarket is $50,000. This amount may vary depending on the specific offering and share availability. There are no fees to create an UpMarket account or browse available investments. Investors only pay transaction-related fees when they complete an investment.
UpMarket's valuation estimate is derived from a proprietary model that incorporates multiple data sources: funding round data (Caplight), revenue estimates (Sacra), secondary market pricing, and public company comparables. The model applies a private company discount to the public comp multiple to account for illiquidity and information asymmetry. This estimate is not investment advice and may differ substantially from the price at which shares actually trade.
Onfido verifies customer identities with ID documents, selfies, and AI for fraud prevention and compliance, generating $109M in 2024 revenue; after raising $100M following 342% YoY sales growth, it remains a private name. Accredited investors can access Onfido stock through UpMarket.