IDfy
Latest round
- Series F
Last raised
- Feb 2026
Total raised
- $104M
Investors
- 15
About IDfy
Based in India, Baldor Technologies Private Limited, doing business as IDfy, operates as a software company that provides verification solutions to businesses. Based in Mumbai, Maharashtra, India and founded in 2011, Baldor Technologies Private Limited (operating as IDfy), founded by Ashok Hariharan and V Balakrishnan, with Ashok Hariharan serving as CEO, provides digital identity verification, background screening, fraud detection, and compliance solutions for enterprises operating across BFSI, fintech, e-commerce, gig economy, and other regulated industry segments.2 billion post-money. The company provides an identity verification platform that offers comprehensive verification solutions to businesses. The platform's services include customer verification, employee background verification, vendor identity verification, and user identity verification. Moreover, the firm offers solutions such as API integration for smarter decision-making, video KYC solutions, and merchant onboarding identity verification. Additionally, the company also provides services such as compliance and fraud prevention. IDfy generates revenue primarily through professional fees charged to enterprises for using its digital identity verification and compliance solutions, including KYC, KYB, background verification, fraud detection, and onboarding services. Its revenues are largely usage-based, with clients paying per verification or through API-driven and SaaS-based service consumption across regulated and high-volume industries.
Who invested in IDfy
15 investors across 7 rounds
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Funding rounds
Series F
Feb 13, 2026
Amount
$53M
Investors
Series E
Apr 17, 2024
Amount
$7.6M
Investors
Series E
Mar 6, 2024
Amount
$27M
Investors
Series D
Sep 15, 2021
Amount
$13M
Investors
Series C
Mar 27, 2015
Amount
$3M
Investors
Series B
Dec 11, 2013
Amount
$1.1M
Investors
Seed
Mar 29, 2012
Amount
$0.1M
Investors
Questions about IDfy
Who invested in IDfy?
IDfy has 15 investors on record across 7 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has IDfy raised?
IDfy has raised 7 venture rounds. Sign up free to see how much each round raised and the total.
When did IDfy last raise money?
IDfy's most recent round on record is a Series F, in Feb 2026.
What does IDfy do?
Based in India, Baldor Technologies Private Limited, doing business as IDfy, operates as a software company that provides verification solutions to businesses.
Where is IDfy headquartered?
IDfy is headquartered in Mumbai, India.
Which VCs invest in companies like IDfy?
Among active investors with capital left to deploy, Yufu Capital, ICBC Capital Management, Ningbo Tongshang Fund and Boc Private Equity Firm back software companies at IDfy's stage. Their profiles are linked below.
VCs backing software startups at Series F
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