Idfy

Bergen, Norway Founded: 2012 • Age: 14 yrs Acquired By Signicat
Provider of secure authentication process
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About Idfy

Idfy is a company based in Bergen (Norway) founded in 2012 was acquired by Signicat in July 2019.. The company has 150 employees as of December 31, 2019. Idfy operates in a competitive market with competitors including WISeKey, Thor Technologies, Mypinpad, Capy and Cryptovision, among others.

  • Headquarter Bergen, Norway
  • Employees 150 as on 31 Dec, 2019
  • Sectors
    Technology
  • Email
    ***********
  • Phone
    *********
  • Website
    *********
  • Social
    *********
  • Legal Name Signicat As
Operational Areas
Technology → Cybersecurity & Privacy Solutions
Key Metrics
  • Annual Revenue
    $56.75 M (USD)
    -12
    as on Dec 31, 2022
  • Net Profit
    $-5.99 M (USD)
    -85
    as on Dec 31, 2022
  • EBITDA
    $2.84 M (USD)
    -60
    as on Dec 31, 2022
  • Latest Funding Round
  • Investors
  • Employee Count
    150

    as on Dec 31, 2019

  • Acquired by
    Signicat

    (Jul 01, 2019)

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Funding Insights of Idfy

Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Investors in Idfy

Idfy has secured backing from 1 investor. Prominent investors backing the company include Signicat. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.

All
Investor Description Founded Year Domain Location
Software solutions for identity management are provided via APIs.
Founded Year Domain Location
Investor Description Founded Year Domain Location
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
Founded Year Domain Location
Startup ecosystems are ignited through strategic investments by Signite Partners.
Founded Year Domain Location
Venture capital is directed toward companies in multiple sectors.
Founded Year Domain Location
Venture capital is invested in cybersecurity, fintech, and AI startups.
Founded Year Domain Location

Investments & Acquisitions by Idfy

Investments
Company Name Description Domain Location Founded Year Amount
Bionic investment advisor platform
2016
Fine Asian gourmet food is offered by an internet-first restaurant.
2016
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
2014
Fine Asian gourmet food is offered by an internet-first restaurant.
2016

Financial Statements - Idfy

Tata Steel revenue growth over time
Tata Steel profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Jan, 2021 Amount Post-IPO - Grab Valuation

investors

Feb, 2021 Amount Post-IPO - Grab Valuation

investors

Idfy Comparisons

Employees
+
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Competitors of Idfy

Idfy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WISeKey, Thor Technologies, Mypinpad, Capy and Cryptovision, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.

Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Secure digital identity solutions are provided for IoT and blockchain.
domain founded_year HQ Location
Identity management solutions are provided for enterprises.
domain founded_year HQ Location
Payment security solutions via PIN authentication
domain founded_year HQ Location
JavaScript and Python-based puzzle CAPTCHAs for authentication are developed.
domain founded_year HQ Location
Cryptography and electronic identity solutions are provided for global security.
domain founded_year HQ Location
Role-based access control is provided for extranet applications.
Company Name Domain Founded year HQ Location Description
domain founded_year HQ Location
Multiple services are booked via an app-based platform.
domain founded_year HQ Location
On-demand services are booked through an app-based platform.
domain founded_year HQ Location
App based platform offering on demand delivery and ride-hailing services
domain founded_year HQ Location
Operates an on-demand hyperlocal delivery app for food and groceries.

Latest news on Idfy

Frequently Asked Questions about Idfy

When was Idfy founded?

Idfy was founded in 2012.

Where is Idfy located?

Idfy is headquartered in Bergen, Norway. It is registered at Bergen, Vestland, Norway.

Who is the current CEO of Idfy?

Stein-Olav Davidsen is the current CEO of Idfy.

How many employees does Idfy have?

As of Dec 31, 2019, the latest employee count at Idfy is 150.

What is the annual revenue of Idfy?

Annual revenue of Idfy is $56.75M as on Dec 31, 2022.

What does Idfy do?

Idfy was established in 2012 in Bergen, Norway, as a provider of security solutions. Authentication processes are facilitated through tools for building secure sign-ins and verifying user identities. Document integrity is protected via immutable tamper-proof logging for critical events, ensuring evidence trails remain unaltered. These offerings are applied in industries including banking, insurance, healthcare, and manufacturing to support operational security.

Who are the top competitors of Idfy?

Idfy's top competitors include WISeKey, Mypinpad and Cryptovision.

Who are Idfy's investors?

Idfy has 1 investor. Key investors include Signicat.

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