Onfido, the global identity company, announced on Tuesday (December 18th) that it achieved sales growth of 342% in 2018 compared to 2017 and has a four-year growth rate of 3,857%.
In a press release, Onfido announced that 2018 was a special year for the company, which not only enjoyed strong growth but also included key members of its main team and won awards from within the industry. "It has been an important year for us in Onfido, and we are particularly proud of the increasing trend of pre-purchase trial that we have successfully established," said Hussain Qusai, CEO and co-founder of Onfido. In the press release. "This reinforces the team's belief that the offer of identity verification we provide through Amnesty International is the market leader and we look forward to building on this year's achievements even more in 2019." During the year, Onfido said, adding a lot of talent to Management ranks including David Clark as CFO. Chrissy Dal Porto, Ruth Penfold and Amy Wallace as Vice President of Global Marketing, Director of Personnel and General Counsel respectively; and Michael van Justel as a fraudulent identity consultant.
In addition to deepening its executive seat, the company said it brought in new customers during 2018 including TransFer Go, Remitly, Indiegogo and Bitstamp. It now provides identity verification to more than 1,500 companies across a range of industries, with many new customers announced in 2019. The company said it launched new products during the year including its own technologies such as face testing, which provides protection against plagiarism, And a new flash package, which check the user's identity in less than 15 seconds.
Onfido noted that the document verification service that provides companies with a secure way to verify user identity, was completed during the year with the integration of Chinese and Japanese characters. This ensures that there is a "real international solution that looks forward to companies around the world," said Ovidu in the press release.