Yoti raises £7.5m in convertible debt from existing shareholders
Existing shareholders provided the convertible debt as part of a wider £20m funding package to support the company towards profitability.
£7.5M
Digital identity company providing verification, age assurance, and authentication solutions. The firm processes millions of monthly checks across multiple sectors globally.
Digital identity provider Yoti has secured £7.5m in convertible debt from existing shareholders, alongside a separate £12.5m debt injection from HSBC. The combined £20m package is intended to support the business as it moves towards profitability. This latest capital injection follows a £10m investment from Lloyds Banking Group earlier in the year, bringing total funding past the £166m mark since inception.
From the founder
"I’m delighted to announce this funding round, including £12.5 million from HSBC, which follows another exciting and fast paced year for Yoti. We’re growing quickly and this £20 million funding should comfortably see us through to profitability."
RT
Robin Tombs
CEO at Yoti
