Onfido vs Signzy

Neither company has publicly disclosed a valuation, making a definitive size comparison difficult. Onfido employs 500-1000 people, while Signzy has 200-500 employees.

Onfido has raised more in total funding at $200M, compared to Signzy's $26M — a gap of $174M. Combined, the two companies have completed 5 known funding rounds.

Onfido leads with an Awaira Score of 68/100, while Signzy sits at 63/100. That 5-point gap reflects real differences in funding, scale, and traction — it's not a vanity metric.

Onfido was founded by Husayn Kassai in 2012. Signzy was founded by Nikhil Idnani in 2015. Visit each company's profile on Awaira for a full founder biography.

Onfido: Onfido provided AI-powered identity verification services, using computer vision and machine learning to authenticate government-issued documents and biometric selfies for remote customer onboarding. The platform enabled banks, fintech companies, and regulated service providers to comply with Know Your Customer requirements without requiring in-person identity checks, processing identity verifications across more than 195 countries and supporting hundreds of document types.\n\nFounded in London in 2012, Onfido raised approximately $200 million from investors including SoftBank, TPG Growth, and Salesforce Ventures before being acquired by Entrust, the identity security company, in 2024 for approximately $400 million. At the time of acquisition, Onfido was processing hundreds of millions of identity checks annually for clients including HSBC, Revolut, and Bitstamp, making it one of the largest independent identity verification providers in the world.\n\nOnfido competed in the KYC and identity verification market alongside Jumio, Mitek, and AU10TIX, as well as large platform players including Experian and LexisNexis. The acquisition by Entrust gave Onfido access to a broader portfolio of physical and digital identity credentials and an enterprise sales channel with reach across government, banking, and enterprise security. The combined entity positions Entrust as a full-stack identity provider spanning physical documents, digital certificates, and AI-powered biometric verification. Signzy: Signzy is a digital identity verification and KYC automation platform that uses AI-powered document analysis, liveness detection, and database integration to enable financial institutions and regulated businesses to onboard customers remotely with regulatory compliance. The platform processes identity documents, conducts video KYC, and provides risk scoring through APIs that integrate with banking and fintech onboarding workflows.\n\nThe company raised approximately $26M in Series B funding from investors including Vertex Ventures and Arkam Ventures, and serves a large base of banks, NBFCs, insurance companies, and fintech platforms in India. Signzy processed tens of millions of KYC verifications and has been recognized by the Reserve Bank of India for its video KYC framework contributions.\n\nVideo KYC and digital identity verification have become mandatory for regulated financial services in India, creating a large and recurring market for compliant identity infrastructure. Signzy's deep regulatory expertise and production track record across India's financial system give it a significant advantage over generic identity verification platforms that lack India-specific compliance depth.

Onfido got there first, launching in 2012 — that's 3 years of extra runway. Signzy didn't arrive until 2015. In AI, that kind of head start means more training data, deeper customer relationships, and a bigger talent moat.

Onfido has about 500-1000 employees; Signzy has about 200-500. A bigger team usually means more revenue or heavier VC backing, but in AI, small teams can build at massive scale.

Yes — they're direct rivals. Both Onfido and Signzy compete in AI Security, targeting many of the same buyers. If you're evaluating one, you should be looking at the other.