• News
    • Industry News
    • Company News
    • Funding Rounds
    • Partnerships
    • M&A
    • People News
  • Sector Updates
    • Blockchain & Cryptocurrencies
    • CyberTech
    • Data & Analytics
    • ESG FinTech
    • Funding Platforms
    • Infrastructure & Enterprise Software
    • InsurTech
    • Marketplace Lending
    • PayTech
    • PropTech
    • RegTech
    • WealthTech
  • Industry Research
    • Whitepaper: Addressing Advisor Movement in Wealth Management
  • Features
  • Events
    • AI FinTech Forum
    • AML & FinCrime Tech Forum
    • AML & FinCrime Tech Forum – USA
    • Data Management Tech Forum
    • ESG FinTech Summit
    • CX in Financial Services Forum
    • Global InsurTech Summit – Europe
    • Global InsurTech Summit – USA
    • Global RegTech Summit – Europe
    • Global RegTech Summit – APAC
    • Global RegTech Summit – USA
    • Global WealthTech Summit – Europe
    • Global WealthTech Summit – USA
  • FinTech Rankings
    • AIFinTech100
    • CyberTech100
    • ESGFinTech100
    • InsurTech100
    • RegTech100
    • WealthTech100
  • Market Maps
    • ESG FinTech
    • WealthTech
    • FinCrime Tech
  • Newsletters
  • Courses
    • Professional RegTech Certificate
  • Marketing
  • About Us
Search
  • LOG IN
Welcome! Log into your account
Forgot your password?
Recover your password
FinTech-Global FinTech-Global FinTech Global
  • News
    • Industry News
    • Company News
    • Funding Rounds
    • Partnerships
    • M&A
    • People News
  • Sector Updates
    • Blockchain & Cryptocurrencies
    • CyberTech
    • Data & Analytics
    • ESG FinTech
    • Funding Platforms
    • Infrastructure & Enterprise Software
    • InsurTech
    • Marketplace Lending
    • PayTech
    • PropTech
    • RegTech
    • WealthTech
  • Industry Research
    • Whitepaper: Addressing Advisor Movement in Wealth Management
  • Features
  • Events
    • AI FinTech Forum
    • AML & FinCrime Tech Forum
    • AML & FinCrime Tech Forum – USA
    • Data Management Tech Forum
    • ESG FinTech Summit
    • CX in Financial Services Forum
    • Global InsurTech Summit – Europe
    • Global InsurTech Summit – USA
    • Global RegTech Summit – Europe
    • Global RegTech Summit – APAC
    • Global RegTech Summit – USA
    • Global WealthTech Summit – Europe
    • Global WealthTech Summit – USA
  • FinTech Rankings
    • AIFinTech100
    • CyberTech100
    • ESGFinTech100
    • InsurTech100
    • RegTech100
    • WealthTech100
  • Market Maps
    • ESG FinTech
    • WealthTech
    • FinCrime Tech
  • Newsletters
  • Courses
    • Professional RegTech Certificate
  • Marketing
  • About Us
  • FinTech News
  • Funding Rounds
  • RegTech
  • Identification/Background checks
  • Sector Updates

Digital identity firm ID.me secures $275m financing from Ares Management

January 31, 2025
Digital identity firm ID.me secures $275m financing from Ares Management

ID.me, a digital identity wallet provider, has secured a $275m credit facility from Ares Management, a global alternative investment firm.

Alongside this, Ares intends to make a significant equity investment in the company.

The financing aims to support ID.me’s continued expansion as it enhances digital identity verification solutions while prioritising security and privacy.

The company has seen rapid growth, with over 139 million users onboarded to its platform, of which 65 million have been verified to the federal standard of IAL2 consumer authentication. Since 2020, ID.me’s revenue has surged by more than 450%, reflecting strong market demand and adoption.

ID.me provides a comprehensive digital wallet enabling users to securely verify their identity online. The platform meets federal government standards for secure login and multi-factor authentication, offering verification through online, video chat, and in-person options. The solution is widely used across government, healthcare, commercial, and non-profit sectors, allowing individuals to authenticate themselves quickly and securely.

ID.me founder and CEO Blake Hall said, “This credit facility provided by Ares, combined with its anticipated equity investment, provides substantial capital to accelerate our roadmap and growth strategy, scaling ID.me to the next phase of growth and sustainable profitability.

“Coming soon after our recent secondary tender, we are pleased that esteemed institutional investors are recognizing our market-leading outcomes expanding digital access, protecting privacy, fighting fraud, and ensuring frictionless user experience.”

John Clark, principal at Ares Management, added, “ID.me is a category and thought leader in the digital identity space, enabling government agency and commercial enterprise customers to navigate the demand for secure and inclusive digital access to their services while respecting end-user data privacy.

“As the world continues to be transformed by AI and vectors of fraud proliferate, we believe that ID.me’s digital identity wallets will become increasingly important in facilitating the consistent and fraud-resistant connections between these large organizations and their users. Ares is excited to work with Blake and the rest of the ID.me team, and we look forward to supporting ID.me’s next phase of growth.”

Keep up with all the latest FinTech news here

Copyright © 2025 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.

  • TAGS
  • AI fraud prevention
  • Ares Management
  • Commerce Department standards
  • Digital Identity
  • digital wallet
  • federal authentication
  • financial technology
  • Fintech
  • ID.me
  • identity verification
  • Investment
  • Kantara Initiative
  • multi-factor authentication
  • online security
  • secure login
  • technology funding
Previous articleFullCircl backs BIBA 2025 Manifesto, calls for regulatory and tech advancements
Next articleCrowded lands $7.5m investment to support nonprofits amid funding uncertainty
jhaxell

RELATED ARTICLESMORE FROM AUTHOR

Hawk and Mitek tackle rising check fraud with AI
FinTech News

Hawk and Mitek tackle rising check fraud with AI

Experian
Anti-Fraud

Experian acquires AtData to strengthen fraud tools

Signicat
Anti-Fraud

Two and Signicat partner for instant B2B verification

fraud
Company News

Inside the fraud economy: 7 insights from account farmers

Duna
Company News

Business identity platform Duna bags €30m funding round

FinTech News

Outtake raises $40m led by ICONIQ to fight AI deception

Latest Analysis

Global FinTech deal activity Q4 2025
FinTech News

US companies dominated the global FinTech industry, completing 44% of all...

February 27, 2026
Asian FinTech funding Q4 2025
FinTech News

Asian FinTech funding hit five-quarter high at the end of 2025...

February 23, 2026
US WealthTech Deal Activity Q4 2025
FinTech News

Nevada emerged as one of the top US WealthTech hubs in...

February 19, 2026
Europe FinTech funding 2025
FinTech News

European FinTech investments dropped by 11% YoY amid market uncertainties in...

February 16, 2026
Global WealthTech deal activity 2025
FinTech News

US retained its position as the main WealthTech hub globally as...

February 13, 2026

News Stories

FinTech sector continues to hum along with 22 deals recorded this week

February 27, 2026
Just over $500m - $544m – was raised this week in the FinTech sector, spread across a healthy 22 deals recorded by FinTech Global.  This...

Covr appoints Ryan Bivins as head of sales

February 27, 2026
Covr Financial Technologies has appointed Ryan Bivins as head of sales, bolstering its leadership team as the business scales its national distribution platform and...
Hexure launches first digital NIGO resubmission workflow

Hexure launches first digital NIGO resubmission workflow

February 27, 2026
Hexure, a leader in AI-powered sales automation for insurance and financial services, has launched what it says is the first fully digital, end-to-end workflow...
compliance

Why 99% AI accuracy can mislead compliance

February 27, 2026
AI is rapidly reshaping supervisory controls across financial services, with 94% of firms either deploying or planning to deploy AI-based detection tools. From communications...

Willis and Belfry partner to simplify security insurance

February 27, 2026
Willis, a WTW business, has partnered with physical security software platform Belfry and InsurTech firm Kayna to launch a digital insurance programme tailored for...
  • Terms & Conditions
  • Privacy Policy
  • Contact Us
© FinTech Global © Copyright 2024. All rights reserved.

Technology partner
Advanced Vision IT

120,000+ FinTech leaders get exclusive industry stories delivered every week

MORE STORIES

Renters’ bank Stake secures $12m

July 1, 2022
Quantee, a dynamic provider of pricing solutions, is set to help Agria achieve pricing excellence throughout its next stage of growth in Sweden and across Europe.

Quantee collaborates with Agria to revolutionise pet insurance in Sweden and...

October 2, 2024