Data Zoo, a worldwide identity verification solutions business with headquarters in Sydney, Australia, has raised $22.7 million in Series A investment.
Investors
- Ellerston Capital’s fund, Ellerston JAADE
Use of funds
The money will be used by the business to promote the innovation and uptake of its identity verification software.
Data Zoo is used by fintechs, global financial institutions, and payment processors to authenticate millions of consumers while reducing risk and fraud. With its headquarters located in Sydney, Australia, it also maintains offices in Singapore, the Philippines, New Jersey, New Zealand, and Amsterdam.
About Data Zoo
Tony Fitzgibbon founded Data Zoo, which offers identity verification solutions that let banks, payment processors, and fintechs use a variety of reliable data sources to confirm the identities of customers and businesses in more than 170 countries. Its software prioritizes data confidentiality and privacy by removing identifying data storage and uses innovative data sequencing to increase efficiency and optimize conversions. Companies now have an international, effective, and secure alternative to KYC/KYB verification and compliance thanks to Data Zoo’s direct access to worldwide data sources and powerful data sequencing capabilities.
The increase comes when Charlie Minutella, a former executive of the London Stock Exchange Group (LSEG), was named CEO in February 2024.
