The ID Co

[EIE London 2016 Alumni]

Edinburgh-based fintech The ID Co has received $2 million (£1.54 million) in seed funding from global technology investor Amadeus Capital Partners, fintech fund SixThirty and other investors.

The ID Co aims to help businesses such as lenders take on their customers more efficiently with its technology removing the friction caused during the application processes by checks on risk, fraud, compliance and regulation.

It has recently launched two innovative products DirectID Insights and Income Verification, based on open banking.

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Published 14 May 2019