The identification startup Bureau has received $4.5 million, with the majority coming from current investors. GMO Venture Partners and GMO Payment Gateway invested about $3 million of the total. Additionally, the Bureau and GMO Payments will collaborate closely during this vital phase.
“We authenticate whether the customer who is onboarding on an app is a genuine one, is actually who he or she claims to be, and is sharing the right credentials,” With the new round, we will try to go deeper in West Asia and SouthEast Asia, We are not profitable right now, but hope to be so in the next 16 to 18 months,” Reddy said.
With this fresh round of funding, Bureau will improve the products it offers, try to reach new markets, and grow its team, which currently numbers 65 people, as reported by The Economics Times.com
Bureau was founded by Ranjan R. Reddy in 2020 and is a platform for identity decisioning without code that provides enterprises with a full spectrum of AI-enhanced risk, compliance, and continuing fraud monitoring solutions. The Bureau offers organisations contextualised information that lets them make conclusive judgements regarding the legitimacy of digital identities using next-generation orchestration.