IDfy, an Indian identity verification firm, has raised $23M at a $256M valuation to develop risk-detection tools. The round closed in June 2026.
Amount Raised
$23 Million
Round Type
Funding Round
MumbaiInformation TechnologyInternet ServicesInvestors
Description
India-based digital identity verification startup IDfy has raised 2.2 billion rupees (US$23 million) at a post-money valuation of 24.2 billion rupees (US$ 256.4 million). The funding will help develop risk-detection tools that will complement its customer onboarding, fraud detection, risk management and compliance solutions. The financing news was confirmed by an investor to Tech In Asia. This fresh funding follows IDfy's previous $52 million secured in February as part of its Series F round.
Quick answer
IDfy raised $23 Million in a Funding Round round, dated June 22, 2026. Investors: Elev8, Emerald and Neo Asset Management. IDfy is based in Mumbai, Maharashtra, India.
- How much did IDfy raise?
- IDfy raised $23 Million in a Funding Round round on June 22, 2026.
- Who invested in IDfy?
- Elev8, Emerald and Neo Asset Management are named as investors in this round.
- What does IDfy do?
- IDfy, an Integrated Identity Platform, was recognized in 2023 for its rapid growth with accolades from the Deloitte Technology Fast 50 list and the Forbes Asia 100 to Watch list.
- Where is IDfy based and how big is it?
- IDfy is based in Mumbai, Maharashtra, India. Fundz records about 829 employees.
- Who are the decision-makers at IDfy?
- Fundz holds 1 contact at IDfy. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Internet Services around the same time
Companies in the same sectors as IDfy that raised within 45 days of this round, from Fundz verified event records.
- Bear Analytics raised $2.6M (Seed) on July 22, 2026.
- LeapXpert raised $180M (Funding Round) on June 30, 2026.
- Iceotope raised $26M (Series B) on May 14, 2026.
Who to call at IDfy, and when
A new round usually means IDfy is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day IDfy raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at IDfy, from your own LinkedIn network
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