Identification verification options supplier Information Zoo secured $22.7 million (AU$35 million) in Collection A funding in a spherical led by Ellerston JAADE.
Information Zoo will use the capital to assist foster broader adoption of its identification verification expertise.
Headquartered in Sydney, New South Wales, Australia, Information Zoo was based in 2011. Charlie Minutella is CEO.
Worldwide identification verification options supplier Information Zoo has secured $22.7 million (AU$35 million) in Collection A funding. The spherical was led by Ellerston JAADE, an Ellerston Capital fund; Information Zoo will use the capital to assist drive broader adoption of its identification verification expertise.
“There’s been a long-standing want for a extra environment friendly and safe strategy to confirm identities,” Information Zoo Founder and Chairman Tony Fitzgibbon stated. “Information Zoo has spent years refining its answer – the end result has been unimaginable innovation, UX optimization, and development in a fiercely aggressive market, placing us head-to-head with at the moment’s most established identification suppliers.”
Information Zoo leverages direct entry to authoritative information from greater than 170 nations and superior, logic-driven information sequencing to assist establishments routinely confirm identities based mostly on the subsequent greatest supply. The corporate’s expertise reduces dropout charges, lowers the entire price of possession, and helps companies enhance buyer approval charges and income realization. On the identical time, Information Zoo prioritizes information safety and privateness by eliminating identification information storage.
Based in 2011, Information Zoo is headquartered in Sydney, New South Wales, Australia. The corporate contains eToro, MoneyGram, and Experian amongst its companions, and competes in a crowded subject of innovators together with quite a few Finovate alums similar to Socure and Jumio. Earlier this yr, Information Zoo introduced the appointment of former London Inventory Change govt Charlie Minutella as its new CEO. In a press release, Minutella spoke concerning the enlargement alternatives this week’s funding will allow the corporate to pursue.
“Information Zoo is well-positioned to increase its footprint due to its patented capacity to effectively onboard a extra various and world set of shoppers, meet compliance requirements throughout jurisdictions, and improve information privateness and safety,” Minutella stated. “The funding from Ellerston JAADE will supercharge our capability to function in key markets, entice new enterprise, and enter new strategic partnerships.”
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Photograph by Nicole Avagliano
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