• 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

SEON
Company News

SEON widens signal net as AI fraud accelerates

FORUS, DotCooperation team up on African cooperative IDs
Company News

FORUS, DotCooperation team up on African cooperative IDs

Trustfull
Anti-Fraud

Evrotrust and Trustfull join forces to fight digital fraud

Hopae
Company News

Hopae and TCC bring global eID checks to Saudi Arabia

Locked out abroad: the identity gap Tomoarrow wants to close
Company News

Locked out abroad: the identity gap Tomoarrow wants to close

FOO and BENEFIT advance BenefitPay to strengthen Bahrain’s digital financial infrastructure
Company News

FOO and BENEFIT expand Bahrain’s digital wallet

Latest Analysis

Europe FinTech funding H1 2026
FinTech News

European FinTech funding projected to increase 18% in 2026 as deals...

September 21, 2026
FinTech top deals H1 2026
FinTech News

Seven countries represented in the top 10 FinTech deals in H1...

September 18, 2026
AI across asset management
FinTech News

Portfolio management sees highest AI adoption among asset managers at 64%

September 17, 2026
AI's workforce impact in FS
FinTech News

One in four workers in financial services expects reskilling or job...

September 14, 2026
LatAm FinTech funding H1 2026
FinTech News

September 11, 2026

News Stories

Banks face $230bn payments hit as stablecoins scale

Banks face $230bn payments hit as stablecoins scale

September 28, 2026
Capgemini has warned that banks could have up to $230bn in payments revenue at risk as stablecoins, tokenised deposits and central bank digital currencies...
AI in banking: data and skills gaps threaten returns

AI in banking: data and skills gaps threaten returns

September 28, 2026
Banks are accelerating AI adoption, but weak data foundations and limited workforce reskilling could prevent financial institutions from turning widespread deployment into meaningful returns. According...
FinTech provider Phoebus Software renews SOC 2 Type II attestation

FinTech provider Phoebus Software renews SOC 2 Type II attestation

September 28, 2026
Phoebus Software has renewed its SOC 2 Type II attestation following an independent assessment by KPMG, with the review covering 89 controls across a...
Uneven human capability is weakening financial crime checks

Uneven human capability is weakening financial crime checks

September 28, 2026
Firms can invest heavily in sophisticated systems and refined methodologies, but neither will produce a reliable financial crime risk assessment without capable people behind...
Palma.ai raises $1.8m to govern enterprise AI agents

Palma.ai raises $1.8m to govern enterprise AI agents

September 28, 2026
Palma.ai has raised $1.8m in pre-seed funding to help enterprises govern AI agents operating across their systems, with two of its investors already using...
  • Terms & Conditions
  • Privacy Policy
  • FinTech Global’s Editorial mission
  • Contact Us
© Copyright 2026 FinTech Global. All Right Reserved

Technology partner
Advanced Vision IT

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

MORE STORIES

Australian senate officially launches committee to look into how FinTech and...

October 24, 2019

Money laundering: Who spends most to fight back?

March 17, 2026