Tech Company Financing Transactions
Shufti Pro Funding Round
Shufti Pro, operating out of London, secured $20 million from Updata Partners.
Transaction Overview
Company Name
Announced On
3/16/2022
Transaction Type
Venture Equity
Amount
$20,000,000
Round
Series A
Investors
Updata Partners (Lead Investor)
Proceeds Purpose
The investment will be used to accelerate Shufti Pro's global expansion providing additional resources to push their completely automated solution to new markets to help solve organization's unsatisfactory IDV process, enhance its IDV solutions and extend the company's compliance suite.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
Office 409 Coppergate House, 10 Whites Row
London, E1 7NF
UK
London, E1 7NF
UK
Phone
Website
Email Address
Overview
Developer of software intended to deliver next-generation end-to-end identity verification services. The company's SaaS product offers basic features such as KYC verification as well as offers an intelligent mechanism for the verification of ID cards, passports, driving licenses, and credit or debit cards, enabling businesses to create a secure and safe online marketplace devoid of identity theft and other fraudulent activities.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Victor Fredung
Chief Financial Officer
Steve Ullman
Chief Technical Officer
Shahid Hanif
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