OneID’s quick and secure digital identity verification can become a cornerstone of the UK’s digital infrastructure  

For immediate release – OneID, the UK’s only provider of bank-verified digital identification services, has secured £1 million in new funding from ACF Investors. The investment will be used to further develop its product and bolster its mission to make the world a safer place by helping people prove who they are online easily and securely. 

OneID was founded in 2020 to enable more UK citizens to have a safe and smooth digital experience by enabling banks to provide an ID service for customers. With digital interactions and transactions becoming a daily staple, OneID’s solution eliminates the need for physical identification documents, enabling businesses and individuals to digitally prove their identity instantly and anywhere.  

To use OneID, an individual chooses the service as their identity verification method when signing up for an online product or service and consents to OneID contacting and verifying their details with their bank (online or mobile banking). Once verified, OneID securely confirms their identity to the online product or service provider in just a few seconds. 

Bank-verified digital identification has been embraced in several other European countries, including Sweden, where its BankID service is used an average of two times per day for every adult, resulting in 6 billion transactions annually. In Belgium, itsme, with more than 6.5 million users, has become the go-to identity app, facilitating 25 to 35 million monthly actions. 

OneID’s offering of bank-verified digital identity services is equipped to benefit approximately 50 million UK citizens and foster a new era of secure, efficient, and convenient online transactions, benefitting consumers and businesses alike. The B Corp certified company is also one of the UK’s biggest angel-backed start-ups, with 170 angel investors who have invested in OneID to date. 

Paula Sussex, CEO at OneID, said:

“The investment from ACF Investors is a coming together of similar interests and visions. As the world increasingly becomes digital-first, we aim to minimise fraud, enhance online experiences, and make the world a safer place. ACF is our second institutional investment, and it is a vote of confidence in our efforts to make digital identification accessible and available to more UK citizens.” 

Tim Mills, Managing Partner at ACF Investors added:

“We’re constantly monitoring businesses that have the potential to enhance the lives of the British people and redefine the future of the UK. OneID, with its simple, trustworthy, and effective solution to a pressing problem, could touch some 50 million UK citizens and make bank-verified digital identification the norm in the UK. And being a certified B Corp placed them at the heart of the type of companies we want to work with.”  

ENDS 

About OneID® 

OneID® is the only provider of truly digital, real-time identity services that create absolute certainty between a business and a customer in the fastest, cheapest, and safest way. Our digital ID services use the most advanced counter-fraud measures to help protect banks, businesses, and consumers from online identity fraud. We help businesses reduce operational costs, increase sales, and improve  

customer engagement by streamlining existing ID processes, including payments, direct debits, onboarding, and more.  
 
As the only UK Identity Service with access to bank-verified data, c. 50m UK adults are already set up to use OneID® for real-time verification. OneID® is government certified, regulated by the FCA and is a BCorp business.  
 
Headquartered in the UK, we have brought together the best people in Digital Identity, Payments, Banking, Technology and Government to ensure we make the world a safer place. To learn more, visit www.oneid.uk  
 
OneID® enables individuals to verify their identity in the fastest, safest way using bank-verified data. It requires no registration process, does not store any personal data, and removes the need for scanning passports or taking selfies to authenticate your identity online. 

About ACF Investors 

Launched in 2011, ACF Investors (formerly the Angel CoFund) is a privately managed and commercially focused venture capital fund that works alongside sector smart business angels to invest in high-potential SMEs across the UK, directly providing funding to support exceptional businesses. 

To date, ACF Investors has supported 110 companies, including such names as Ebury, Gousto, Creo Medical, and Form3, providing more than £65 million in direct investment alongside more than £350 million from business angels and other investors, making it one of the most active early-stage investors in the country.  

To find out more, please visit www.acfinvestors.com 

OneID®, UK’s only truly digital identity service, received a significant vote of confidence when government-backed investment fund Angel CoFund announced its decision to invest GBP one million in the start-up. 

Leading the UK into its digital future

The announcement reflects Angel CoFund’s alignment with OneID’s efforts to enable more UK citizens to have safer and smoother digital experiences. 

OneID’s core offering of bank-verified digital identity services will benefit circa 50 million UK citizens. Considering how exponentially our digital interactions and transactions have increased, OneID brings a timely and much-needed, practical solution. By eliminating the need for physical identification documents, the solution enables businesses and individuals to prove their identity online with certainty, instantly and anywhere.  

OneID is one of the UK’s biggest angel-backed start-ups. Angel CoFund, which works alongside angel syndicates, investing in OneID further underpins the idea of bank-verified digital identification and its relevance in the UK. 

Angel CoFund promotes ambitious UK start-ups with strong growth potential by providing equity investments between £100,000 and £1 million. The investment fund, a part of the British Business Bank, acts as a catalyst for better practice and increased long-term investment capital in the UK angel market. Angel CoFund’s portfolio of companies operate in the hyper-growth and futuristic fields of life sciences, clean technology, advanced materials, and digital technology and employ over 1,500 people.  

A vote of confidence: Paula Sussex

Speaking after the announcement, Paula Sussex, CEO, OneID, said,

“The investment from Angel CoFund is a coming together of similar interests and visions. As the world increasingly becomes digital-first, we aim to minimise fraud, enhance online experiences, and make it a safer place. Angel CoFund is our second institutional investment, and it is a vote of confidence in our efforts to make digital identification accessible and available to more UK citizens.” 

Potential to redefine the future of the UK: Tim Mills 

Commenting about the investment, Tim Mills, Managing Partner Angel CoFund, said,

“At Angel CoFund, we are constantly monitoring businesses that have the potential to enhance the lives of the British people and redefine the future of the UK. OneID, with its simple, trustworthy, and effective solution to a pressing problem, could touch over 40 million UK citizens and make bank-verified digital identification the norm in the UK. And being a certified Bcorp placed them right amongst the companies we want to work with.” 

Notes to Editors 

About OneID®

OneID® is the only provider of truly digital, real-time identity services that create absolute certainty between a business and a customer in the fastest, cheapest, and safest way. Our digital ID services use the most advanced counter-fraud measures to help protect banks, businesses, and consumers from online identity fraud. We help businesses reduce operational costs, increase sales, and improve customer engagement by streamlining existing ID processes, including payments, direct debits, onboarding, and more. 

As the only UK Identity Service with access to bank-verified data, c. 50m UK adults are already set up to use OneID® for real-time verification. OneID® is government certified, regulated by the FCA and is a BCorp business. 

Headquartered in the UK, we have brought together the best people in Digital Identity, Payments, Banking, Technology and Government to ensure we make the world a safer place. To learn more, visit www.oneid.uk 

OneID® enables individuals to verify their identity in the fastest, safest way using bank-verified data. It requires no registration process, does not store any personal data, and removes the need for scanning passports or taking selfies to authenticate your identity online.

About ACF
ACF Investors manage active co-investment funds that seek to achieve consistent returns by partnering with experienced syndicates of angel investors to help fund and scale early-stage businesses.
 
Built on the experience of many investments across multiple funds, it is a champion of accomplished, hands-on investors who know their sector inside out. It partners with them to provide the capital, experience and support high-potential businesses need.
 
ACF understands that success usually needs time and is a proponent of patient capital, making conscious long-term investments to help companies reach their full potential and generate fuller returns.