Incode Technologies, the next-generation identity verification and authentication platform for enterprises, raised $220 million Series B round led by General Atlantic and Softbank, giving the Company a $1.25 billion valuation and reaching unicorn status less than seven months following its Series A round led by DN Capital in March 2021.
The Company has demonstrated phenomenal 6x revenue growth over the last 12 months and this fundraise underscores Incode’s status as the leading global digital identity solution. Its unique and powerful AI and workflow tools have amazed not just investors but the world’s leading banks and fintechs, as evidenced by Capital One, JPMorgan Chase & Co. and Coinbase all joining the round.
Ricardo Amper, Founder and CEO of Incode Technologies said: “Our ‘One Identity Everywhere’ vision is transforming the way humans experience their identity journeys with companies. We have created an experience that is so seamless and frictionless, it brings that ‘Wow’ moment to the end customer when onboarding to a new bank, checking into a hotel or being admitted to a hospital. By reinventing these experiences, we are building trust and creating delight between enterprises and their customers.”