• MEYO

IDfy is raising $2 Mn from existing investors.

Fraud detection platform IDfy is raising $2 Mn in debt from existing investors Millenna FVCI III, NB Ventures and Dream Incubator as a part of its Series A funding round. The funding will be used for growth and expansion, research and development activities, IDfy’s financial report highlighted.

IDfy provides background verification services and helps users authenticate and validate individual profiles using predictive analytics through customer insights and end-to-end HR intelligence for recruitment. The company verifies candidate profiles, PAN number, work experience, educational qualifications, addresses and references and charges users accordingly.