IDfy's platform supports more than 500 enterprise clients across over 10 sectors, operating in seven countries. In February 2026, the company secured $53 million in Series funding as demand for digital identity verification and fraud prevention tools accelerates, with capital directed toward deepening product innovation and expanding international footprint. IDfy competes in a high-growth market driven by intensifying KYC/AML regulatory requirements and rising fraud sophistication powered by generative AI.
Cyborg Score Rationale
IDfy has raised more than $120m to date, demonstrating consistent investor confidence. The company operates a diversified product suite serving 500+ enterprises across multiple high-growth sectors. Its recent Series F funding (February 2026) and focus on AI-driven risk detection position it well in a market where fraud sophistication is outpacing traditional automated defenses.
Top Insights
IDfy operates with 500+ risk signals across identity, integrity, intent, income, and influence dimensions, providing customers with deeper risk intelligence than competitors.
IDfy's offerings span digital onboarding, background verification, fraud detection and broader risk mitigation tools, creating multiple revenue touchpoints and cross-sell opportunities.
India's rapid digitization via Aadhaar, UPI, and open digital infrastructure has created fertile ground for the company, while rising fraud sophistication and cross-border digital commerce are pushing enterprises toward more advanced AI-driven verification tools.
IDfy maintains ISO 27001 and SOC 2 Type 2 certifications with 99.9% uptime and sub-200ms response times, meeting enterprise-grade compliance and performance expectations.
Named Competitors
Onfido — Identity verification with AI and machine learning
Veriff — Fast identity verification and AML screening
iDenfy — Global identity verification and fraud prevention with hybrid AI model
SEON — Digital signal intelligence and fraud detection
ID.me — Digital identity verification for government and enterprise
Recent Developments
(February 2026) Secured $53M in Series funding for acquisitions, international expansion, and product development
(December 2025) Appointed Dr. Tridib Mukherjee as Chief AI Officer to deepen AI capabilities
(February 2025) Completed SOC 2 Type II attestation, strengthening data security and operational excellence
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