Australian ID verification startup OCR Labs raises $15M Series A to expand into UK/Turkey/Europe

Australian ID verification startup OCR Labs raises $15M Series A to expand into UK/Turkey/Europe

3 years ago
Anonymous $LNMzUc6XNz

https://techcrunch.com/2021/06/15/australian-id-verification-startup-ocr-labs-raises-15m-series-a-to-expand-into-uk-turkey-europe/

With the gig economy came the need for ID verification, thus startups like OnFido (raised $188.8 million) appeared, alongside several others. But this sector is by no means ‘done’ yet.

Now, OCR Labs, which emerged from Australia, has announced a €12.5M / $15 million Series A funding round led by Turkish investors Oyak Group, to expand its services and team to the UK, Turkey and Europe. Halkin Ventures invested in its seed round. The startup specializes in digital ID verification, customer onboarding, identity fraud, and regulatory compliance.

Australian ID verification startup OCR Labs raises $15M Series A to expand into UK/Turkey/Europe

Jun 15, 2021, 9:15am UTC
https://techcrunch.com/2021/06/15/australian-id-verification-startup-ocr-labs-raises-15m-series-a-to-expand-into-uk-turkey-europe/ > With the gig economy came the need for ID verification, thus startups like OnFido (raised $188.8 million) appeared, alongside several others. But this sector is by no means ‘done’ yet. > Now, OCR Labs, which emerged from Australia, has announced a €12.5M / $15 million Series A funding round led by Turkish investors Oyak Group, to expand its services and team to the UK, Turkey and Europe. Halkin Ventures invested in its seed round. The startup specializes in digital ID verification, customer onboarding, identity fraud, and regulatory compliance.