Onfido vs Socure

Socure has a disclosed valuation of $4.5B, while Onfido's valuation is not publicly available, making a direct size comparison difficult. Socure employs 500-1000 people.

Socure has raised more in total funding at $750M, compared to Onfido's $200M — a gap of $550M.

Socure holds the higher Awaira Score at 95/100, compared to Onfido's 68/100. The Awaira Score is a composite metric factoring in valuation, funding, stage, team size, and market presence — a 27-point gap that reflects meaningful differences in scale or traction.

Onfido was founded by Husayn Kassai in 2012. Socure was founded by Johnny Ayers in 2012. 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. Socure: Socure builds an AI-powered digital identity verification and fraud prevention platform used by financial institutions, fintechs, and government agencies to verify the identity of new customers and flag fraudulent account openings in real time. The platform aggregates data from thousands of digital signals, device intelligence, behavioral biometrics, and document verification to produce identity risk scores and predictive fraud models.\n\nThe company raised approximately 750 million USD, carries a valuation of approximately 4.5 billion USD, and serves over 2,700 customers including four of the five largest US banks, 13 of the top 15 card issuers, and hundreds of fintechs. Socure has built one of the largest real-identity networks in the financial sector, with identity verification coverage across over 70 percent of the US adult population.\n\nDigital identity fraud is escalating as synthetic identity fraud, account takeover, and deepfake-assisted impersonation become more sophisticated. Socure data network effect creates a compounding advantage: more customers feed more fraud signals back into the model, improving accuracy for all participants. The company holds a dominant market position in financial services identity verification and is expanding into government identity programs and healthcare, addressing a total available market measured in the tens of billions.

Both Onfido and Socure were founded in the same year — 2012. Despite sharing a founding year, they may have launched at different times within that year, which can matter in fast-moving AI markets.

Both Onfido and Socure report similar employee counts of approximately 500-1000. Team size is often a proxy for operational scale, though lean AI companies can punch well above their headcount.

Yes, Onfido and Socure are direct competitors — both operate in the AI Security space and likely target overlapping customer segments. This comparison is especially relevant for buyers evaluating both platforms.