Data Zoo, a leader in global identity verification solutions, announced a $22.7 million (AU$35 million) Series A funding round from Ellerston JAADE, an Ellerston Capital fund.
This investment will drive the adoption and innovation of Data Zoo’s identity verification software, which offers direct access to authoritative data from over 170 countries and advanced data sequencing for efficiency and improved conversion rates. The software also prioritizes data protection and privacy by eliminating identity data storage.
Data Zoo excels in enhancing customer approval rates and revenue realization by automatically verifying identities against the best available sources, reducing dropout rates, and lowering total cost of ownership. Its goal is to provide a global, secure alternative to legacy solutions while improving KYC/KYB compliance and fraud prevention. The funding will support global expansion and continued growth.
Do you need investors for your startup?
Founder and Chairman Tony Fitzgibbon highlighted the company’s innovation and competitive market position, while CEO Charlie Minutella emphasized the company’s patented technology and ability to meet compliance standards across jurisdictions. The investment will enhance Data Zoo’s operations, attract new business, and form strategic partnerships.
To read full article / source click here
* It is a community posted article. Please read the Full Disclaimer below
Disclaimer: This post is AI-generated. Its content does not represent the views of Xstartups. Xstartups is not liable for the accuracy or implications of the content. For any concerns or copyright issue, contact us at complaint@xstartups.co.
