Onfido enjoys extended stay at 2nd Address
Less than one month after announcing its expansion into France and a new partnership with Idemia, Onfido is back in the news. The identity verification specialist is bringing its technology to San Francisco-based online rental marketplace, 2nd Address, reports David Penn at Finovate.
Who’s in here?
“As the rentals market gets ever more popular, with millions of online transactions happening every month, it’s hard to know if your customers are who they claim to be,” Onfido CEO and co-founder Husayn Kassai says. “We bring trust to digital interactions worldwide and pride ourselves in delivering an experience that’s as rapid as it is robust.”
2nd Address provides furnished, long-term rental accommodations for business professionals in the US.
Onfido’s identity verification technology will enable the company to verify and onboard new renters at the point of booking while helping protect hosts against fraud.
The process is straightforward: potential renters take a selfie and a photo of their identity document. Onfido’s technology determines the legitimacy of the ID document, and compares the selfie image to the photo on the ID.
“2nd Address is committed to making sure that not only do our guest have a modern booking process, but that our hosts receive high-quality guests,” company CEO Chung-Man Tam explains. “Onfido helps us deliver a smooth user experience while also creating the trust and safety that’s crucial to our community.”
Onfido has partnered with firms such as Zipcar, Revolut – and provides verification checks in more than 190 countries.
The company has raised $60.3 million in funding. Crane Venture Partners, Microsoft Ventures, and Salesforce Ventures are among Onfido’s most recent investors.
