It uses machine learning techniques to spot fraud instantly and includes an optional “liveness” check, which requires people to react to specific instructions.
FREMONT, CA: Berbix, a San Francisco, CA-based instant identity verification platform, raised $9 million in Series A financing. The round was led by Mayfield, with participation from existing investors, including Initialized Capital, Y Combinator, and Fika Ventures. Together with the funding, Patrick Salyer, Mayfield partner, joined the board.
The funding’s announcement comes after Berbix teamed up with Onfido, another selfie-based authentication specialist that has seen a considerable uptick in business during the pandemic and Checkr to collaborate on a background check and identity verification platform in the spring of last year.
Berbix CEO Steve Kirkham indicated that his firm, like other companies offering selfie-based remote onboarding and authentication solutions, has enjoyed heightened market interest during the COVID-19 pandemic. The company intends to use the funds for team and customer growth. The
“Growth has continued to exceed our expectations during the COVID-19 pandemic,” he said. “This time last year, we processed the same number of verifications in a month that we do daily today.”
Founded in 2018 by Steve Kirkham and Eric Levine, who previously led the Trust and Safety team at Airbnb, Berbix provides a solution that delivers an Internet identity verification experience for consumers and businesses. It uses machine learning techniques to spot fraud instantly and includes an optional “liveness” check, which requires people to react to specific instructions. This ensures that a real person is present instead of a photo of that person.