Selfie-based authentication specialist Berbix has raised $9 million in a Series A round of funding.
The startup’s solution revolves around matching an end user’s selfie photo to their official identity document with facial recognition. Berbix says its system can validate IDs in two seconds or less.
It also supports the option for a liveness check mechanism that prompts the end user “to react to specific instructions,” as the company explained in a statement.
The $9 million funding round was led by Mayfield, and featured existing investors Fika Ventures, Initialized Capital, and Y Combinator. Mayfield partner Patrick Salyer has joined the Berbix board as part of the firm’s investment agreement.
In announcing the funding, Berbix CEO Steve Kirkham indicated that his firm, like other companies offering selfie-based remote onboarding and authentication solutions, has enjoyed heightened market interest during the COVID-19 pandemic.
“Growth has continued to exceed our expectations during the COVID-19 pandemic,” he said. “This time last year, we processed the same number of verifications in a month that we do daily today.”
The funding’s announcement comes after Berbix had teamed up with Onfido – another selfie-based authentication specialist that has seen a considerable uptick in business during the pandemic – as well as Checkr to collaborate on a background check and identity verification platform in the spring of last year.
Going forward, Berbix says the funding will be used for “team and customer growth.”
(Originally posted on Mobile ID World)