Seed13 February 2025

OneID secures £16m from ACF Investors to expand digital identity services

The funding was led by ACF Investors to support operational expansion and product development.

£16.0MSeed

OneID provides bank-verified digital identity services designed to secure online verification and streamline customer onboarding. The company offers document-free identification that helps businesses mitigate fraud risks and comply with regulatory requirements.

OneID has secured £16m in new funding led by ACF Investors to accelerate its growth and expand its operations. The company provides bank-verified digital identity services designed to combat rising online fraud and meet regulatory demands under frameworks such as the Online Safety Act.

The fresh capital will be directed towards enhancing the product offering and scaling services for a growing customer base that includes NatWest and Adobe. OneID leverages bank data to enable document-free verification within seconds, serving a broad market across the UK financial sector and beyond.

From the founder

"At OneID, our goal is to make the world safer by making digital identity verification more efficient and accessible for businesses and users. We’ve had a tremendous year in 2024 across several use cases. With our integration with Adobe set to go live with leading high-street banks in the UK, we are proving our ability to solve urgent business problems against the toughest standard-setters. The funding from ACF Investors is a strong vote of confidence in us as a business, and we look forward to working with the team to supercharge our growth in 2025."

Paula Sussex

CEO at OneID

Investor perspective

"The Government’s growing focus on digital identity underscores the market’s need for simple and effective identification solutions. OneID is delivering exactly that, enabling both fraud prevention and regulatory compliance for financial institutions. We are delighted to follow on from our initial investment in 2023 and look forward to supporting the team as they grow."

Tim Mills

Managing Partner, ACF Investors