IDfy Secures $53M Series F Funding
Analysis based on 7 articles · First reported Feb 13, 2026 · Last updated Feb 16, 2026
The funding round for IDfy highlights the growing investor interest in the RegTech sector, particularly in India, driven by increasing digital transactions and complex regulatory requirements. This investment signals confidence in companies providing digital trust, compliance, and fraud prevention solutions, potentially leading to further innovation and consolidation in the industry.
IDfy, an Indian online identity verification firm specializing in RegTech, digital trust, compliance, and fraud prevention, has successfully raised 476 crore rupees ($53 million) in a Series F funding round. The round, a mix of primary and secondary transactions, was led by Neo Asset Management's Neo Secondaries Fund, with participation from existing investors including Blume Ventures, Analog Capital, Elev8, IndiaMART InterMESH, and Kae Capital. The primary capital will be allocated towards acquisitions, international expansion, and further product development to enhance IDfy's technological capabilities and market reach. The secondary component provides liquidity for early investors and employees. This funding brings IDfy's total raised capital to over $120 million, underscoring the significant investor interest in India's RegTech sector amidst rising demand for identity verification and compliance tools.
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