Digital identity RegTech Yoti’s strategic £20m funding boost

This investment marks a significant milestone for Yoti, boosting its total funding to over \xa3166m, primarily sourced from founders and angel investors since its inception in 2014.Yoti specialises in a range of digital identity solutions, including identity verification, age assurance, authentication, and e-signatures. These solutions are vital in making digital interactions safer and more trustworthy.The company intends to use this new funding to continue its growth trajectory towards profitability and beyond. This strategic investment will support Yotis ongoing development and expansion, enhancing its technological capabilities and market reach.Yotis growth story is nothing short of remarkable. Its client roster boasts names like Meta, Sony Playstation, Aldi, and the Government of Jersey, showcasing its widespread influence and reputation.Yotis financial journey has been impressive, with revenues soaring from \xa3101,168 in 2019 to \xa36.2m by March 2023. This rapid growth is a testament to its innovative approach and market demand for reliable digital identity solutions.