ID.me

ID.me

Digital identity verification for secure access

About ID.me

Simplify's Rating
Why ID.me is rated
A
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Government & Public Sector

Cybersecurity

Healthcare

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$279.5M

Headquarters

McLean, Virginia

Founded

2010

Overview

ID.me provides a platform for digital identity verification, allowing individuals to prove and share their identity online. Users create a verified digital identity that can be used to access various services and discounts from partner companies. This process helps businesses ensure that only eligible individuals receive specific offers, which reduces fraud and enhances security. ID.me primarily serves military personnel, first responders, students, teachers, nurses, medical professionals, and government employees, making it especially valuable in sectors like e-commerce, healthcare, government services, and education. Unlike its competitors, ID.me focuses on building trust between businesses and customers by offering a streamlined verification process that complies with regulatory requirements. The company's goal is to simplify identity verification while providing secure access to services and discounts for its users.

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Simplify's Take

What believers are saying

  • ID.me secured $275M funding to expand its digital identity verification services.
  • The company experienced 450% revenue growth from 2020 to 2024, indicating strong market demand.
  • Partnerships with government agencies enhance ID.me's credibility and service reach.

What critics are saying

  • Increased competition from providers like Jumio and Onfido threatens market share.
  • Privacy concerns may lead to backlash from users and advocacy groups.
  • Regulatory changes could necessitate costly adjustments to ID.me's systems.

What makes ID.me unique

  • ID.me is the only provider offering video chat for identity verification.
  • The company meets federal standards as a NIST 800-63-3 IAL2/AAL2 credential service provider.
  • ID.me's digital identity wallet has over 139 million users, showcasing its market reach.

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Funding

Total Funding

$279.5M

Above

Industry Average

Funded Over

10 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

401(k) Company Match

401(k) Retirement Plan

Parental Leave

Employee Assistance Program

Pet Insurance

Travel Assistance Program

Wellbeing and Childcare Discounts

Referral Bonus

Learning and Development Benefit

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

-2%
Yahoo Finance
Feb 23rd, 2025
How To Create An Online Account At Irs To Get Transcripts, Make Payments, More

The last thing many people want to do is take yet another extra step when it comes to doing their taxes. But the option to create an online account with the IRS could well be worth considering, according to tax professionals.This tax season, the IRS is highlighting improved and expanded features for its online account for individuals, which taxpayers can create at IRS.gov. The online accounts are not a requirement, so you can still e-file a return without creating such an account.The biggest selling point: By creating an online account, you can avoid the need to call the IRS for all sorts of questions. You can find answers day or night without having to call the IRS hotline at 800-829-1040."The world itself is more digital," said April Walker, lead manager for Tax Practice & Ethics with the American Institute of CPAs.Many people are increasingly comfortable paying their bills online, including their tax bills. They'd rather pay online than put a check in the mail.Most tax filers will face an April 15, 2025, tax deadline to file their 2024 federal income tax returns.Walker, who set up her own online account with the IRS about five years ago, said it wasn't the easiest process to verify her identity then to set up the account but she was able to do it. More information exists now on IRS.gov, though, she said on how to verify your identity to set up these accounts.During the pandemic, the tax filers did experience some difficulties when the IRS "Get My Payment" tool periodically would clunk out

Teknovation
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Convoy Will Feature More Than 50 Speakers With Ties To Vanderbilt

Like this story? Please share!Convoy will feature more than 50 speakers with ties to Vanderbilt The event on March 4-6 is designed to foster the growth of the Vanderbilt Innovation Ecosystem.It is billed as an event where “SXSW meets Davos but with a healthy dose of Anchor Down!” Confused? If so, we’ll try to address the confusion.About a month from now – March 4 to 6 to be exact, Vanderbilt University is hosting the inaugural “Convoy” event, bringing together the most notable Commodores in Entrepreneurship, Venture Capital, Private Equity, and Leading-Edge Business to foster the growth of the Vanderbilt Innovation Ecosystem.The event over parts of three days features more than 50 alumni of the university or those who have ties, with a keynote presentation on the afternoon of March 4 by Mark Cuban, Founder and Chief Executive Officer (CEO) of companies that bear his name. Probably best known for his long tenure on ABC’s “Shark Tank,” he is a parent of a Vanderbilt student and will participate in a fireside chat where Cuban will talk about the skillsets important to founders among other topics.Other notable Vanderbilt related speakers or alumni include:Jeff Rothchild , Vice Chair of Vanderbilt’s Board of Trust. He has co-founded several technology and software companies, including Veritas Software, and was the founding engineer at Facebook where he worked from 2005 to 2015., Vice Chair of Vanderbilt’s Board of Trust. He has co-founded several technology and software companies, including Veritas Software, and was the founding engineer at Facebook where he worked from 2005 to 2015. Dora Hughes , Chief Medical Officer at the Centers for Medicare and Medicaid Services., Chief Medical Officer at the Centers for Medicare and Medicaid Services. Julia Cheek , Founder and CEO of Everly Health., Founder and CEO of Everly Health

Stock Titan
Jan 30th, 2025
ID.me Secures $275M Funding Boost

ID.me has secured a $275 million credit facility from Ares Management, which also plans a significant equity investment. This funding will support ID.me's growth as it expands its digital identity wallet, which now has over 139 million users, with 65 million verified to federal standards. ID.me's revenue has grown over 450% from 2020 to 2024. The company is the only digital wallet meeting federal standards for secure login and multi-factor authentication.

PR Newswire
Jan 30th, 2025
ID.me Secures $275M Financing from Ares

ID.me announced it secured a $275 million credit facility from Ares Management, which also plans a substantial equity investment. The funds will accelerate ID.me's growth as it expands digital identity verification services. ID.me has over 139 million users, with 65 million verified to federal standards. The company has seen 450% revenue growth from 2020 to 2024. Ares Management, with $464 billion in assets, supports ID.me's next growth phase.

PR Newswire
Jan 7th, 2025
Id.Me Appoints Brian Robins And Bill Welch To Board Of Directors

MCLEAN, Va., Jan. 7, 2025 /PRNewswire/ -- ID.me, the market-leading digital identity wallet, today announced the appointments of SaaS industry leaders Brian Robins and William "Bill" Welch as independent members to ID.me's Board of Directors. Robins, Chief Financial Officer of GitLab Inc., and Welch, Chief Executive Officer of Sysdig, bring decades of experience in scaling high-growth public and private technology companies. Robins and Welch join ID.me amid significant momentum, as the company has seen revenue grow more than 370% from 2020 through 2023."Brian and Bill are exceptional leaders whose complementary experience will be invaluable as ID.me continues to grow," said Blake Hall, Founder and CEO of ID.me. "Brian's financial and strategic leadership and Bill's expertise in cloud security will strengthen our efforts to keep Americans safe while transacting online."Brian Robins will serve as Chair of the ID.me Board's Audit Committee. Currently serving as CFO of GitLab, the DevSecOps platform, Robins brings over 25 years of experience leading both private and public high-growth software companies

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