Data Zoo, a Sydney, Australia-based provider of global identity verification solutions, raised $22.7M in Series A funding.
Backers included Ellerston JAADE, an Ellerston Capital fund.
Founded by Tony Fitzgibbon, Data Zoo provides identity verification solutions that enable financial institutions, payment platforms and fintechs to verify consumers and business identities in over 170 countries using a diverse set of authoritative data sources. Its software features advanced data sequencing to improve efficiency and maximize conversions, and prioritizes data protection and privacy by eliminating identity data storage. Data Zoo’s direct access to international data sources and advanced data sequencing presents companies with a global, efficient, and secure alternative to KYC/KYB verification and compliance.
Global financial institutions, payment providers, and fintechs, use Data Zoo to verify millions of customers while minimizing fraud and risk. Headquartered in Sydney, Australia, Data Zoo has offices in Amsterdam, New Jersey, New Zealand, the Philippines, and Singapore.
The company intends to use the funds to drive adoption and innovation of its identity verification software.
The raise follows the recent appointment of former London Stock Exchange Group (LSEG) executive Charlie Minutella as CEO in February 2024.
FinSMEs
14/05/2024