Q5id Closes $10 Million Funding Round to Accelerate Growth of Identity Proofing Platform

Q5id, a leader in identity proofing services, announced that it has closed its latest round of funding: $10 million in private investment led by the global investment banking firm Canaccord Genuity.

Q5id, a leader in identity proofing services, announced that it has closed its latest round of funding: $10 million in private investment led by the global investment banking firm Canaccord Genuity. The latest round of funding brings Q5id’s equity funding to $25.5 million since the company’s inception in 2018.

“Identity theft and fraud continue to accelerate and harm both consumers and businesses. This latest round of funding will enable us to continue to enhance our patented identity proofing platform and protect businesses and consumers from identity fraud,” said CEO and founder Steve Larson.

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Identity theft and fraud continue to accelerate and harm both consumers and businesses.

“Q5id solves a serious problem for both businesses and consumers. They offer best of breed identity proofing and their biometric authentication is unmatched in the marketplace. We are very excited to be a part of Q5id’s growth,” said Jamie Brown, Managing Director, Head of Investment Banking – Western Canada at Canaccord Genuity.

Q5id offers a patented, multi-factor proven identity management platform. Using the Q5id app on a smartphone, in less than 3 minutes, consumers can have their identity proving. Once enrolled with a Q5id proven identity, consumers use their unique biometrics to authenticate their identity in seconds when conducting any number of transactions across multiple industry verticals. It is the most robust and comprehensive identity proofing and authentication solution in the market.

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