Shufti Pro Announces $20 Million Series A Funding to Accelerate Growth 

London, UK – March 2022 – A global market leader in AI-powered IDV solutions, Shufti Pro, has announced that it has raised $20 million in Series A funding led by Updata Partners, a tech-focused growth equity firm.

The investment will be used to accelerate Shufti Pro’s global expansion providing additional resources to push their completely automated solution to new markets to help solve organization’s unsatisfactory IDV process, enhance its IDV solutions and extend the company’s compliance suite.

Shufti Pro’s mantra is to provide a seamless digital customer experience when it comes to KYC, and as such the organization provides a diverse range of solutions with identity verification at its core. With the World changing and digital transformation accelerating, digital identity services have become the cornerstone of any organization looking to verify the identity of customers. 

As businesses continue to undergo digital transformation, relying on trusted IDV partners has become more important than ever. As stated by Victor Fredung, the CEO of Shufti Pro, Nuestra plataforma configurable y totalmente automatizada permite a los clientes incorporar un proceso de verificación fluido y adaptado a sus objetivos comerciales, ofreciendo la flexibilidad necesaria para cumplir con los requisitos de privacidad y seguridad de los datos, incluyendo la posibilidad de implementar una solución local. Nos esforzamos por brindar la cobertura global que exigen las organizaciones sin fronteras.

There is a global need for a flexible and compliant solution for onboarding, background checks and management that operates across borders without the prejudice of regions, business types and languages. The World is calling for a broader solution to its digital crisis and Shufti Pro answers these questions with unique capabilities:

Automatización – la solución totalmente automatizada más avanzada. 

Cobertura mundial sobre diversas capacidades de lectura en todos los idiomas principales. 

configurable Nuestra solución es altamente personalizable y se especializa en requisitos específicos. Se puede instalar en las instalaciones del cliente, lo que representa una ventaja única en el mercado. Cumplimos incluso con los requisitos reglamentarios más estrictos.

The company is already serving 500+ clients globally as per Founder and CTO of Shufti Pro, Shahid Hanif. He further said, "El objetivo de esta ronda de financiación era encontrar un socio estratégico con la experiencia y el conocimiento necesarios, y creemos haberlo encontrado. Ahora podemos desarrollar productos más innovadores y resolver los problemas de incorporación y cumplimiento normativo que se presentan en todo el mundo.

Durante más de 20 años, Updata, una empresa que cree en la creación de resultados excepcionales para clientes, empleados y accionistas, ha apoyado a emprendedores de software B2B que tienen una mentalidad de crecimiento y reconocen la eficiencia del capital.

“We were impressed by the technology and commercial progress achieved by a bootstrapped business. Shufti Pro is poised to build on this strong foundation and accelerate growth.”—dijo Braden Snyder, socio de Updata Partners.

Acerca de Shufti Pro

Shufti Pro is an identity verification service provider offering KYC, KYB, and AML services to help global businesses onboard and manage risk of legitimate customers. The UK-based company has 5 regional offices and launched 17 different IDV products since its inception in 2017. With the ability to verify ID documents globally in 150+ languages, Shufti Pro is serving customers in 230+ countries and territories.

Para más información, 

Graeme Rowe
Director de Marketing | Shufti Pro
[email protected]
+44 1225290329