Personal Identity Verification Systems: Verification of Personal ID

Persona has raised $150 million in a Series C funding round, which it will use to scale its Persona ID Verification services. As more businesses, governments and banks rely on online operations, the importance of digital identity verification and fraud prevention grows immensely. Persona is currently a major player in ID verification with offices in over 195 countries.

The digital identity verification industry has grown exponentially and is expected to be worth nearly $50 billion by 2026. Persona’s internal metrics reflect that growth, as the company reported a 20x increase in its revenue and a 5x expansion of its consumer base over the past year. With this new round of funding, Persona will scale and enhance its ID verification services to capture greater market share in this rapidly evolving space.

Photo credit: Persona