UK-Based Digital Identity Company Yoti Lands £20M in Debt Funding, £12.5M from HSBC

​Digital identity company Yoti has received £12.5 million debt funding from HSBC, and a further £7.5 million convertible debt funding from existing shareholders. The £20 million funding will support the continued growth of the company through to achieving profitability and beyond.

This funding round follows the £10 million Lloyds Banking Group invested in Yoti earlier this year. Yoti's total funding to date now exceeds £166 million; the majority provided by its founders and angel investors since it was founded in 2014. 

This funding has enabled Yoti to develop proprietary technologies covering identity verification, age assurance, authentication and esignatures, including world class in-house facial age estimation, liveness and facial recognition AI.

Yoti is one of the UK's fastest-growing tech companies, offering a range of digital identity solutions that make it safer for people to prove who they are. 

This year, Yoti also launched a new Digital ID app with Lloyds Bank and created Digital ID Connect – the UK's largest digital identity network provided by Yoti, Post Office and Lloyds Bank.

Robin Tombs, CEO at Yoti said, "I'm delighted to announce this funding round, including £12.5 million from HSBC, which follows another exciting and fast paced year for Yoti. We're growing quickly and this £20 million funding should comfortably see us through to profitability."

John Browett, Chair at Yoti added, "It is good to see this last piece of funding in place to see Yoti through to profit. Yoti has world leading technology that makes great improvements to trust, security and safety in the digital world. It has been fabulous to work with Yoti as we have gone from start up to significant and increasing revenues."