IDfy, an Indian identity verification and regtech platform, has raised over $52 million in a Series F round, comprising $24 million in primary capital led by Neo Asset Management and $28 million in secondary funding to provide liquidity for employees and early investors. The company plans to use the funds to accelerate global expansion, pursue strategic acquisitions, and enhance its TrustStack suite, which covers digital onboarding, risk mitigation, and privacy governance. Founded in 2010, IDfy processes around 2 million daily verifications for 500 clients and, with this round, has raised approximately $62.7 million to date, reinforcing its position in KYC, KYB, and fraud-prevention infrastructure.
Indian Regtech IDfy Bags Over $52M in Series F Round
