ID.me has secured a $275 million credit facility from Ares Management, along with an anticipated equity investment, to accelerate its growth and enhance its digital identity verification services. With over 139 million users and a 450% revenue increase since 2020, ID.me is the only digital wallet meeting federal authentication standards, offering secure login solutions for government agencies, healthcare providers, and businesses. Ares Management sees ID.me as a key player in combating fraud and ensuring secure digital access, particularly as AI-driven threats increase.
ID.me Announces $275 Million Financing from Ares Management
