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We got an exclusive look at the pitch deck AI security startup Onfido used to raise $100 million in funding despite coronavirus

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  • Buzzy AI security firm Onfido has raised $100 million in a funding round backed entirely by private equity firm TPG Growth, which has previously invested in Spotify and Uber.
  • With more than 400 employees based in nine offices around the world, Onfido counts fintech unicorn Revolut, sports betting firm DraftKings and car-rental service Zipcar among its biggest clients. 
  • The firm was founded in 2012 by Oxford graduates Ruhul Amin, Husayn Kassai, and Eamon Jubbawy.  
  • Business Insider got an exclusive look at the pitch deck they used to convince Spotify and Uber backer TPG Growth to invest. 
  • Click here for more BI Prime stories.

Buzzy AI security startup Onfido has raised $100 million in a new fundraising round backed entirely by TPG Growth, the private equity firm which has previously invested in Spotify and Uber. 

The firm, founded in 2012 by Oxford graduates Ruhul Amin, Husayn Kassai and Eamon Jubbawy, counts fintech unicorn Revolut and car-sharing service Zipcar among its biggest clients. 

In January, the company acquired US-based tech company Aviata and partnered with some of the world's largest identity companies including ForgeRock, SecureKey Technologies and Okta.

Business Insider recently reported the firm was in talks with the US government to design "immunity passports" for those that had recovered from COVID-19.

Speaking to Business Insider, CEO Kassai said the firm hoped to "standardize" account security in the same way Big Tech giants had defined their own niches. 

"We're standardizing the way we prove our real identity, in a similar way to how Facebook has standardized the way we share our social identity, and LinkedIn has standardized the way we signal our professional identity," he said. 

"Over the next few years, we'll all be able to use our real identity to seamlessly access everything from financial services, online healthcare, trust marketplaces; to self-check-ins at airports, hotels and car rentals."

Check out Onfido's (redacted) pitch deck below: 






















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