Remitly selects Onfido’s identity verification technology to onboard new users
Onfido has partnered with Remitly, a remittance platform that serves immigrant communities around the world by helping them transfer money internationally. More than $6 billion is transferred through the platform annually.
According to the announcement, meeting compliance requirements without sacrificing the speed its users expect was key for Remitly. With Onfido’s AI-based technology, KYC processes can be rapidly completed for new users wishing to join the platform and for those requiring further assurance, a document check can also be performed. This cascade approach enables Remitly to scale to meet customer demand without compromising on either speed or security.
“Onfido’s superior speed, solid match rates and customisable checks have enabled us to rapidly scale into new markets, and add more users to our global community.” commented Nate Spanier, VP Global Payments and Expansion at Remitly. “Our users expect to be able to make and receive payments quickly and easily, and Onfido helps us to deliver on that promise without adding friction to their journey.”
“In a digital age, users need smooth, swift and secure access to services,” added Husayn Kassai, CEO and co-founder of Onfido. “But delivering that can be a challenge for financial businesses who are subject to complex regulations. We understand that challenge, and are very excited to be working with Remitly to deliver a frictionless experience to their users around the world.”
Onfido has been adding to its senior leadership team as it expands into further global territories. The identity verification provider has received over $60M in funding from investors including M12, Salesforce Ventures and Idinvest Partners and carries out identity checks in 192 countries.