We’re really pleased to announce that we have raised £8m of funding, following a successful November launch and increasing traction amongst consumers and businesses.

The funding was raised by existing angel investors and two of our three founders, Robin Tombs and Noel Hayden. This gives Yoti an enterprise valuation of £65m. The funds will be used to grow our consumer network, with an aim of reaching 2 million users during 2018.

Recent milestones

  • Over 300,000 people have now installed Yoti, with over 75,000 in December alone from over 126 countries.
  • Deltic, the UK’s largest club chain with 7m visitors annually, has confirmed it will roll out accepting Yoti as a proof of age nationwide.
  • We’re also working with Worldpay, NSPCC, Axa Healthcare, NHS Ipswich Hospital, Jagermeister, Capita, Reed, Freeads. We’re also gearing up for pilots with two of the UK’s largest supermarkets.
  • Our Little Casanova video received over 20 million views.
  • Our largely London-based team grew to 200 employees.

 

“We’re giving everyone a simpler and safer way to prove their identity and protect themselves from everyday issues which cost time, money and emotional distress,” said CEO Robin Tombs. “After three years of hard work by the team, we’re very excited that over 4,000 people a day are installing Yoti, and we hope millions of people will benefit from our approach to digital identity. This funding round will enable us to accelerate our UK growth and respond to significant interest that Yoti is attracting to businesses worldwide. There are already 3 billion smartphone users globally and we, at Yoti, believe many of them over the next 5 years will choose to use a digital identity like Yoti.”

Yoti

Yoti