In a world where digital interaction is exploding, so is the threat of fraud. With global fraud losses soaring past $ 1 trillion annually, the need for a trusted & secure privacy-first digital world has never been more critical. Answering this call to action, IDfy, the pioneering TrustStack platform, today announced a INR 476 Cr funding round, including primary and secondary, to fortify its mission to build the foundational layer of trust for the modern economy and supercharge its global expansion. This significant investment, led by Neo Asset Management with continued support from existing partners at Blume Ventures, Analog Capital, Elev8, IndiaMART, and Kae Capital, will fuel IDfy’s strategic acquisitions, its entry into new international markets, and the continuous innovation of its product suite.This investment aligns with a significant inflection point in India’s data privacy journey, marked by the recent enforcement of the DPDP Act which was rolled out in 2023. This is coupled with a 5x increase in budgetary allocation in the latest Union Budget. These regulatory tailwinds strongly position IDfy as a category leader and one of the key drivers in setting up the Reg-Tech ecosystem. IDfy is changing the game. For too long, businesses have been forced to navigate… Read MoreStartupTalky- Business News, Insights and Stories
