Regtech Startup Incode Enters Unicorn Club With $220M Series B Funding Round

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Identity verification startup Incode Technologies has raised $220 million in Series B funding round just seven months after a $25 million Series A round. The current round valued Incode at over $1 billion earning it the unicorn status. The regtech startup has raised over $255 million equity funding since inception. The Series B round was led by Softbank and General Atlantic and also witnessed participation from J.P. Morgan, Capital One Ventures, Coinbase Ventures, Silicon Valley CISO Investments as well as existing investors DN Capital, 3L Capital, Framework Ventures and DILA Capital.

Founded in 2015 by Ricardo Amper, San Francisco based Incode is a digital identity company that builds secure, omnichannel biometric identity products for frictionless banking, payment, hospitality and retail experiences.

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