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.
UpMarket does not offer Onfido shares. This page covers Onfido's history before the acquisition.
Onfido was acquired by Entrust in April 2024 and no longer has shares of its own. UpMarket does not offer Onfido shares. This page covers Onfido's valuation and funding history before the acquisition.
Onfido was acquired by Entrust in April 2024.
See how Onfido's private-market valuation changed across funding rounds before the acquisition.
See reported funding rounds and revenue figures on this page, with their sources.
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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. Onfido was acquired by Entrust in April 2024 and no longer has shares of its own. UpMarket does not offer Onfido shares.
Onfido has no stock price of its own since its acquisition by Entrust. The prices shown on this page are historical private-market prices from before the acquisition.
No. Onfido was acquired by Entrust and UpMarket does not offer Onfido shares. Accredited investors interested in companies that have not yet gone public can review UpMarket's current pre-IPO offerings.
Onfido is no longer an independent company, so its shares are not available to buy. This page is kept for its historical funding and valuation data. UpMarket does not offer Onfido shares.
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.
Onfido was acquired by Entrust in April 2024. What former shareholders received, cash or shares of the buyer, was set by the terms of the acquisition.
UpMarket does not offer Onfido shares. The minimum for most pre-IPO offerings on UpMarket is $50,000.
Onfido's last valuation was set by its acquisition by Entrust. The figures on this page show its valuation history before the acquisition.
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. Onfido is now part of Entrust, and UpMarket does not offer its shares.