Onfido is celebrating strong results in its latest quarterly report. The company’s global sales are up 40 percent compared to the same quarter last year. Much of that growth came from the United States, where year-over-year sales are up an astronomical 264 percent.
According to Onfido, much of that growth can be attributed to COVID-19. Remote work and social distancing requirements motivated many organizations to move forward with digital transformations, which in turn highlighted the particular need for secure mobile onboarding technology. Onfido helped fulfill that demand, with 69 percent of its sales coming from new customers in the first half of 2020.
“It’s been another breakout quarter for Onfido as we see the US market taking off,” said Onfido Co-Founder and CEO Husayn Kassai. “Companies realize the time to enable their digital services is now, making it imperative they can remotely identify and authenticate users safely and securely and in a way that doesn’t restrict their ability to scale or impede user experience.”
Onfido’s most recent quarter ended on June 30. The company’s roster of new clients includes WorldRemit, Okta, and Scrive, all of which will be utilizing Onfido’s selfie-based authentication solution during their onboarding process for new customers. Onfido also secured $100 million in its latest round of funding, and offered six-month free trials to nonprofit organizations during the COVID-19 pandemic.
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(Originally posted on FindBiometrics)
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