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IDfy

649

Enterprise identity verification platform

Identity Verification
Identity Verification
Active

Founded

2011

Team Size

500

Total Funding

₹105 Cr

Valuation

₹400 Cr

About

IDfy is a leading Indian enterprise identity verification platform, founded in Mumbai in 2011. It leverages AI and technology to provide comprehensive background checks, KYC solutions, and fraud prevention services. Serving a diverse range of sectors including financial services, gig economy, and HR, IDfy helps businesses automate verification processes, ensure compliance, and mitigate risks, solidifying its position as a key player in India's trust infrastructure.

AI-generated summary — pending verification

Unique Selling Proposition

Core Differentiator

IDfy specializes in advanced identity verification solutions leveraging AI.

Target Market

Businesses requiring robust identity verification services.

Key Innovation

Utilization of machine learning for real-time identity validation.

Competitive Moats
🧠Data/AI Moat
Strong

Extensive database of verified identities enhances service effectiveness.

🔒Switching Costs
Medium

Integrating IDfy's system into existing processes makes it less likely for clients to switch.

Funding Snapshot
Free preview

₹57.8 Cr

Total Raised

2

Rounds

Series F

Latest · Mar 02, 2026

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Full Funding History

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Funding History

Series F

2026

₹52.5 Cr

Series F

Mar 02, 2026

₹5.3 Cr

Details

Location

Mumbai, Maharashtra

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Financial Metrics

Funding Rounds

2

VedAI Score
649/1000
Developing