• 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 ID firm ID.me secures $340m to fight AI fraud

September 4, 2025
Digital ID firm ID.me secures $340m to fight AI fraud

ID.me, the digital identity wallet trusted by more than 152 million users, has raised $340m through a Series E financing round and a new credit facility, valuing the company at over $2bn.

The funding was led by Ribbit Capital, with support from Ares Credit funds, Moonshots Capital and new investor Positive Sum.

Founded to simplify secure digital sign-ins, ID.me lets consumers verify their identity once and use it across multiple platforms without creating repeated logins. The company’s technology meets federal authentication standards and is approved by the Kantara Initiative as a credential service provider.

The latest cash injection will help ID.me expand access to secure identity services and bolster its defences against AI-driven fraud.

The platform has already prevented large-scale fraud. During the pandemic, seven U.S. states credited it with stopping more than $270bn in fraudulent unemployment claims. Virginia’s employment agency also saw a surge in digital claims and a major reduction in call centre traffic after adopting the service.

In 2024 alone, ID.me added 20.4 million new wallets, processing over 409 million logins. Today it supports 152 million users, 20 federal agencies, 45 state agencies, 70 healthcare groups, 600 consumer brands and 500 employers.

ID.me founder and CEO Blake Hall said, “Fraud is evolving at the speed of AI—and so are we. Secure identity is foundational to AI ecosystems that will depend on memory, context, and authentication, and ID.me is leading the charge. This funding strengthens our ability to expand secure digital access, protect privacy, and innovate faster to stay ahead of criminal networks.”

Ribbit Capital general partner Justin Saslaw said, “We believe the AI revolution will reshape the global economy, and identity will be its foundation.

“As AI agents become ubiquitous, trusted identity tokens will enable secure, seamless interactions between people, organizations, and machines. ID.me has built one of the most advanced and widely adopted digital identity wallets in the world, giving it a durable advantage in creating and scaling the identity tokens that will power this new era. We’re excited to partner with Blake and the ID.me team as they expand their leadership in the token-driven AI economy.”

For more, visit RegTech Analyst

Read the daily FinTech news
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
  • Ares Credit funds
  • authentication
  • Blake Hall
  • Cybersecurity
  • Digital Identity
  • Fintech
  • Fraud prevention
  • ID.me
  • identity wallet
  • John Clark
  • Justin Saslaw
  • Moonshots Capital.
  • Positive Sum
  • Ribbit Capital
  • secure login
Previous articleEarnings platform EarnIn secures $75m financing from MUFG
Next articleHow investors can build resilience amid global uncertainty
jhaxell

RELATED ARTICLESMORE FROM AUTHOR

US impersonation scam attempts surge 130% in a year
FinTech News

US impersonation scam attempts surge 130% in a year

Payroll reshaped by security, compliance and AI in 2026
Accounting

Payroll reshaped by security, compliance and AI in 2026

global FinTech deal activity Q2 2026
FinTech News

US retained its top position in the global FinTech market with a 47% deal share in Q2

Zenity
Company News

Zenity lands $125m as AI agent security race heats up

TOPPAN launches dual-interface smart card for post-quantum security
Company News

TOPPAN launches dual-interface smart card for post-quantum security

Balance Theory
Company News

Balance Theory bags $19m to end CISO budget guesswork

Latest Analysis

global FinTech deal activity Q2 2026
FinTech News

US retained its top position in the global FinTech market with...

August 7, 2026
US WealthTech funding Q2 2026
FinTech News

US WealthTech investment halved YoY as deals over $100m dropped in...

August 6, 2026
Latam FinTech funding Q2 2026
FinTech News

LatAm FinTech funding surged 2.6x YoY in Q2 2026 as investor...

August 3, 2026
Europe FinTech deal activity H1 2026
FinTech News

UK cemented its place as the European FinTech hub attracting over...

July 31, 2026
Adoption of AI in asset management
FinTech News

Nearly a fifth of asset managers yet to use AI, with...

July 30, 2026

News Stories

Comply Exchange’s August report tracks global tax shake-up

August 12, 2026
Comply Exchange's latest compliance roundup for July 2026 shows tax authorities across multiple jurisdictions tightening FATCA, CRS and CARF reporting infrastructure. According to Comply Exchange,...
Why the AI trade splintered beneath a steady market

Why the AI trade splintered beneath a steady market

August 12, 2026
Exante's latest equity review finds that July's seemingly placid headline numbers concealed one of the most turbulent rotations of the current cycle. The S&P 500...

How Identomat is tackling financial crime at the identity layer

August 12, 2026
David Lomiashvili, CEO and co-founder of Identomat, on identity, automation and the future of financial crime prevention. Financial crime rarely arrives neatly labelled. It tends...

Napier AI, Delta Capita team up on KYC and AML

August 12, 2026
Napier AI, the London-based financial crime compliance technology company, has partnered with Delta Capita, a global provider of managed services, technology and consulting, to...
BGL and OnboardMe partner on AML/CTF compliance

BGL and OnboardMe partner on AML/CTF compliance

August 12, 2026
BGL has partnered with OnboardMe, a client onboarding platform, to help accounting firms manage AML/CTF compliance more efficiently.
  • 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

MRB Direct scores funding from Austin Capital

April 27, 2021

Three in four banking executives believe AI will revolutionise the industry

May 11, 2020