About Shufti Pro
Shufti Pro is a company based in London (United Kingdom) founded in 2017 by Victor Fredung N.. Shufti Pro has raised $20 million across 1 funding round from investors including Updata Partners. Shufti Pro operates in a competitive market with competitors including Perfios, IDnow, Signicat, Onfido and HID Global, among others.
- Headquarter London, United Kingdom
- Founders Victor Fredung N
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Email
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Phone
*********
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Website
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Social
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- Legal Name Shufti Pro Limited
- Date of Incorporation 31 Oct, 2017
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 1 rounds
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Latest Funding Round
$20 M (USD), Series A
Mar 21, 2022
- Investors
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Employee Count
Employee Count
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Funding Insights of Shufti Pro
Shufti Pro has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series A round of $20 million completed in March 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $20.0M
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First Round
First Round
(21 Mar 2022)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2022 | Amount | Series A - Shufti Pro | Valuation | Updata Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Shufti Pro
Shufti Pro has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Updata Partners. 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.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Shufti Pro
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Shufti Pro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Shufti Pro Comparisons
Competitors of Shufti Pro
Shufti Pro 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 Perfios, IDnow, Signicat, Onfido and HID Global, 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 |
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| domain | founded_year | HQ Location |
Automated and expert-led identity verification services are provided.
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| domain | founded_year | HQ Location |
Software solutions for identity management are provided via APIs.
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Cloud-based physical identity and access management systems are developed.
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| domain | founded_year | HQ Location |
Identity verification, background screening, and fraud prevention solutions are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Shufti Pro
Frequently Asked Questions about Shufti Pro
When was Shufti Pro founded?
Shufti Pro was founded in 2017 and raised its 1st funding round 5 years after it was founded.
Where is Shufti Pro located?
Shufti Pro is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Shufti Pro?
Victor Fredung N is the current CEO of Shufti Pro. They have also founded this company.
Is Shufti Pro a funded company?
Shufti Pro is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series A of $20M, raised on Mar 21, 2022.
What does Shufti Pro do?
Founded in 2017 and headquartered in London, United Kingdom, Shufti Pro operates in the fintech sector, focusing on compliance tools. Machine learning-based services are provided for face identification, address and document verification, handwritten note checks, and customer due diligence. Integration options include Android and iOS devices, APIs, and hosted KYC processes. The solutions are offered on a subscription basis to support business verification needs.
Who are the top competitors of Shufti Pro?
Who are Shufti Pro's investors?
Shufti Pro has 1 investor. Key investors include Updata Partners.