IDfy raises Rs 86 cr in series D funding led by TransUnion, Blume Ventures

IDfy, a Mumbai-based ID verification and onboarding solutions company, has raised Rs 86 crore in its series D round of funding led by TransUnion and Blume Ventures.

IDfy (Baldor Technologies Pvt. Ltd.) builds technology products and solutions that authenticate entities. This helps businesses prevent fraud and engage with verified entities with the least amount of friction.

Ashok Hariharan, founder & CEO, IDfy, said, “A billion more people globally are expected to enter the formal economy over the next 5 years. Our partnership with TransUnion gives us the chance to drive this change at a global scale. Blume Ventures has believed