Equal, a data-sharing and identity verification platform, has successfully raised $10 million in its Series A funding round. The round was led by Prosus Ventures, Tomales Bay Capital, and the company’s founder, Keshav Reddy, and values Equal at $80 million. The funding also attracted participation from notable investors including Blume Ventures, DST Global, Quona VC, Gruhas VC, and prominent figures such as Binny Bansal (Co-founder of Flipkart), Harsh Jain (Founder of Dream11), and Kunal Shah (Founder of CRED).
Equal plans to use the funds to scale operations, establish strategic partnerships, and create an integrated, secure, and transparent digital ecosystem for identity verification and data sharing. The platform assists businesses with Know Your Customer (KYC) processes, fraud prevention, and regulatory compliance by integrating with over 50 ID databases and 4,000 API providers.
Founded by Keshav Reddy and Rajeev Ranjan, Equal has expanded its offerings by investing in OneMoney, an account aggregator. This collaboration enhances Equal’s services by enabling secure, consent-driven financial data sharing. Together, they facilitate over 64 million monthly transactions and serve more than 250 clients.
Equal competes with players like IDfy, SpringVerify, AuthBridge, Digio, and Perfios-owned Karza in the identity verification space.
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