Series A1 September 2023

OneID secures £1m from ACF Investors to advance its digital identity product

The funding round was backed by ACF Investors to support product development and digital identification efforts.

£1.0MSeries A

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.

Digital identity provider OneID has secured £1m in fresh funding from ACF Investors. The capital will be deployed to support product development and further the company's mission to enhance online safety and security for users.

Based in the UK, OneID offers real-time identity verification services utilising bank-verified data to streamline online transactions and reduce fraud risks. The latest injection marks the firm's second institutional investment, building on a backing base that already includes numerous angel investors.

From the founder

"The investment from ACF Investors is a coming together of similar interests and visions. As the world increasingly becomes digital-first, we aim to minimise fraud, enhance online experiences, and make the world a safer place. ACF is our second institutional investment, and it is a vote of confidence in our efforts to make digital identification accessible and available to more UK citizens."

Paula Sussex

CEO at OneID

Investor perspective

"We’re constantly monitoring businesses that have the potential to enhance the lives of the British people and redefine the future of the UK. OneID, with its simple, trustworthy, and effective solution to a pressing problem, could touch some 50 million UK citizens and make bank-verified digital identification the norm in the UK. And being a certified B Corp placed them at the heart of the type of companies we want to work with."

Tim Mills

Managing Partner, ACF Investors