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Onfido, based in London, operates as a B2B SaaS platform specializing in online identity verification for industries such as fintech, legal tech, and privacy and security. As fraud and compliance issues rise, the demand for secure identity verification services increases. Onfido's automated solutions set it apart from competitors that rely on manual checks, speeding up user onboarding and mitigating fraud risks more effectively. Supported by investments from Augmentum Fintech and SoftBank Group, Onfido is well-positioned to scale its operations and enhance its technology, making it a promising player in the identity verification market.