Buzzy AI security firm Onfido has raised $100 million in a funding round backed entirely by private equity firm TPG Capital, 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. 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.
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