Knowledge Zoo, a number one supplier of worldwide id verification options, right now introduced roughly A$35 million in Collection A funding from Ellerston JAADE, an Ellerston Capital fund. The elevate will assist Knowledge Zoo drive adoption and innovation of its id verification software program, which offers direct entry to authoritative knowledge from over 170 international locations; options superior knowledge sequencing to enhance effectivity and maximise conversions; and prioritises knowledge safety and privateness by eliminating id knowledge storage.
Knowledge Zoo’s imaginative and prescient is to supply a world, environment friendly, safe different to legacy options whereas enhancing KYC/KYB compliance and fraud prevention. As a part of the elevate, Knowledge Zoo – which is trusted by main monetary establishments, cost suppliers, and fintechs – plans to proceed to broaden its operations globally.
“There’s been a long-standing want for a extra environment friendly and safe strategy to confirm identities. Knowledge Zoo has spent years refining its resolution – the outcome has been unimaginable innovation, UX optimisation, and development in a fiercely aggressive market, placing us head-to-head with right now’s most established id suppliers,” mentioned Tony Fitzgibbon, Founder and Chairman of Knowledge Zoo.
“Ellerston JAADE noticed a chance in Knowledge Zoo’s confirmed skill to assist world corporations confirm client and enterprise identities, cut back fraud, and meet world compliance requirements.”
The elevate follows the latest appointment of former London Inventory Trade Group (LSEG) government Charlie Minutella as Chief Govt Officer in February 2024.
“Knowledge Zoo is well-positioned to broaden its footprint due to its patented skill to effectively onboard a extra various and world set of consumers, meet compliance requirements throughout jurisdictions, and improve knowledge privateness and safety,” mentioned Charlie Minutella, Chief Govt Officer at Knowledge Zoo. “The funding from Ellerston JAADE will supercharge our capability to function in key markets, appeal to new enterprise, and enter new strategic partnerships.”
Knowledge Zoo’s fundraise sits inside Ellerston JAADE which invests throughout various high-growth Australian-based firms, reminiscent of Mable, Camms, and Phocas. The fundraise represents Knowledge Zoo’s first outdoors funding.
“Knowledge Zoo’s revolutionary platform and success in increasing its operations internationally, particularly into difficult markets like North America, have been key elements in our determination to take a position,” mentioned David Leslie, Funding Director at Ellerston JAADE. “Knowledge Zoo’s spectacular development, solidifying itself as a trusted id supplier towards well-established opponents – all with out prior funding – isn’t any small feat. We’re happy to assist them as they proceed to scale within the id verification trade.”
