Mumbai, February 2026: Digital trust and identity verification platform IDfy has raised ₹476 crore in a fresh funding round led by Neo Asset Management Pvt. Ltd., with continued participation from existing investors including Blume Ventures, Analog Capital, Elev8 Venture Partners, IndiaMART InterMESH Limited, and Kae Capital.
The company said the latest fundraise marks a significant milestone in its mission to build India’s leading “TrustStack” — a unified platform focused on digital onboarding, risk mitigation, and privacy governance. The new capital will support IDfy’s global expansion strategy, strengthen product innovation, and enable strategic acquisitions aimed at enhancing its trust and privacy technology ecosystem.
IDfy currently serves over 500 enterprise clients across more than 10 industries and conducts over 500 million verification checks annually. With this scale, the company aims to further accelerate innovation in digital identity, fraud prevention, and compliance infrastructure.
The company expressed gratitude to its investors, customers, and partners for their continued trust and support, highlighting that the fresh funding will help deepen capabilities across its trust and privacy stack while expanding its global footprint.
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Reaffirming its long-term vision, IDfy stated that its mission remains unchanged — to build digital infrastructure for trust at scale, enabling secure and seamless digital interactions for billions of users worldwide.
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