Digital identity company Yoti has secured £12.5 million in debt funding from HSBC and an additional £7.5 million in convertible debt funding from existing shareholders. Yoti plans to use the funds to support its continued growth. The UK-based company, founded in 2014, provides proprietary digital identity solutions, covering identity verification, age assurance, authentication and e-signatures, in-house facial age estimation, and liveness and facial recognition AI. Yoti has experienced substantial revenue growth, with monthly revenues increasing by 150% over the past year.
Digital ID Firm Yoti Scores £12.5m Debt Funding From HSBC
