Australia-based, Data Zoo, a company that provides solutions for global identity verification raised $22.7 million led by Ellerston JAADE in the Series A round.
Ellerston JAADE is a subsidiary of Ellerston Capital Fund that takes care of investment in new startups.
Data Zoo Raised $22.7M Series A
Tony Fitzgibbon, founder of Data Zoo said in an interview that the raised funds will enable them to advance their identity verification system across the globe. Data Zoo helps various companies like fintechs, digital payment platforms, and financial institutions like banks to cross-verify client identities in more than 170 countries with their specialized and authoritative source.
Moreover, Data Zoo uses an advanced feature of data sequencing accuracy, efficiency, and security without storing identity data. Data Zoo gives direct access to their clients to cross-verify their KYC/KYB and compliance with user identity.
Data Zoo has a headquarters in Sydney with many offices across the world such as Amsterdam, NJ, NZ, Singapore, and the Philippines. Many fintech businesses and financial institutes use Data Zoo to verify customer details to minimize fraud.
Also Read: New York Based Captions Raised $25M Series By Kleiner