News September 25, 2024

Lloyds Banking Group investment in Yoti

profile picture Yoti 2 min read
Lloyds Banking Group and Yoti logo lockup

In February 2023, Lloyds Banking Group invested £10 million in Yoti in the form of a convertible loan. Since that initial commitment Yoti’s monthly revenues have more than doubled.  

We’ve also seen a significant increase in the number of people installing the Lloyds Bank Smart ID, Post Office EasyID and Yoti ID Digital ID wallets.  

Over 100,000 people each month are using our services to prove their identity for right to work or criminal record (‘DBS’) checks, with around 25% of those people choosing to use their reusable Digital ID. The total number of Digital ID installs in the UK has now reached over 5 million, with over 14 million globally. 

“We are delighted that Lloyds Banking Group have decided to convert their loan into equity in Yoti. We are confident that securing the UK’s largest banking group by customer numbers as a shareholder will help accelerate the adoption of reusable digital ID in the UK market.” Robin Tombs, CEO at Yoti.

Keep reading

Press releases January 17, 2025

The Sunday Times 100 Tech – Yoti named as one of the UK’s fastest growing tech companies

17th January 2025, London, UK – Yoti, a leader in digital identity and age assurance, has been named in the Sunday Times 100 Tech, a ranking of Britain’s fastest-growing private technology companies. This achievement reflects Yoti’s impressive 170% Compound Annual Revenue Growth (CAGR) over the three years to March 2024, securing its position at number 13 on the list. Robin Tombs, CEO at Yoti said: “We’re delighted to be recognised as one of the UK’s fastest growing private technology companies. Since 2014, Yoti’s innovative technology is transforming how people prove their age and identity. Our technology is supporting millions

#news
Matt Prendergast Matt Prendergast
2 min read
Yoti are a Deloitte Technology Fast 50 2024 UK WINNER
Press releases November 8, 2024

Deloitte UK Technology Fast 50 2024 - Yoti named as one of the UK's fastest growing tech companies

8th November 2024, London, UK – Yoti, a leader in digital identity, has been named in the 2024 Deloitte UK Technology Fast 50, ranking among the UK’s fastest growing technology companies. This achievement reflects Yoti’s impressive 1848% revenue growth over the last three years, securing its position at number 20 on the list. Robin Tombs, CEO at Yoti said: “We’re delighted to be recognised as one of the UK’s fastest growing technology companies. When we started Yoti a decade ago, we set out to fix the broken identity system. Thanks to the dedication and hard work by our team,

#news
Rachael Trotman Rachael Trotman
4 min read
Digital ID connect Showable digital PASS cards
Press releases June 25, 2024

Digital IDs from Yoti, Post Office and Lloyds Bank are accredited by PASS for proof of age

London, UK – 25th June – The three Digital ID Connect apps – Yoti ID, Post Office EasyID and Lloyds Bank Smart ID – are now accredited by the UK’s national Proof of Age Standards Scheme (PASS). This gives UK businesses selling age-restricted goods and services more trust in Digital IDs, having confidence they are genuine and that customers have been verified to a high standard. Each of the Digital ID apps includes the approved PASS hologram. In the UK, Yoti ID, Post Office EasyID and Lloyds Bank Smart ID can be used for: Buying all age-restricted goods including

#news
Rachael Trotman Rachael Trotman
5 min read