Incode secures $220m Series B funding round and earns unicorn status
Incode, the next-generation identity verification and authentication platform for global enterprises, today announced it has raised $220m in equity for its Series B funding round, giving the company a $1.25bn valuation and propelling it to unicorn status less than seven months following its Series A round.
Incode’s spectacular rate of growth – it grew 6x in revenues over the last 12 months – is driving the latest cycle of investments, which comes on top of the company raising $25m Series A funding in March.
The level of fundraise validates Incode’s leadership in the global digital identity solutions market and its groundbreaking, automated AI-based approach to reinvent the customer experience of the future.
“Our ‘One Identity Everywhere’ vision is transforming the way humans experience their identity journeys with companies,” said Ricardo Amper, Founder and CEO of Incode Technologies.
“We have created an experience that is so seamless and frictionless, it brings that ‘Wow’ moment to the end customer when onboarding to a new bank, checking into a hotel or being admitted to a hospital. By reinventing these experiences, we are building trust and creating delight between enterprises and their customers.”