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Onfido
Onfido is a technology company that helps businesses verify people's identities using a photo-based identity document, a selfie and artificial intelligence algorithms. It was founded in July 2012 by three former students at Oxford University: Husayn Kassai, Eamon Jubbawy, and Chief Architect Ruhul Amin. Headquartered in London, it has more than 1500 employees working in offices in San Francisco, Albuquerque, New York, Lisbon, Paris, Berlin, Amsterdam, Delhi, Mumbai, Bangalore and Singapore. History Husayn Kassai, Eamon Jubbawy, and Ruhul Amin first met when they were students at Oxford University. Kassai met Jubbawy when they co-ran the university's Oxford Entrepreneurs society. At one point, the three entered discussions of forming a new company after they had identified the inefficient process of getting identity checks completed in order to secure jobs in the finance industry. Each went through a check that took from 2 to 6 weeks. The idea of Onfido came about to solve the ...
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Oxford Entrepreneurs
Oxford Entrepreneurs is an Oxford-based British student society which was founded in 2002 to encourage entrepreneurship among students at University of Oxford. It is the largest entrepreneurship society in Europe. Its alumni have founded some of Britain's most successful startups, including Monzo, GoCardless, Onfido, Quid, and PlinkArt (acquired by Google). History Oxford Entrepreneurs was founded in 2002. It supports entrepreneurs at the University of Oxford by running events and assisting with the development of ideas. Companies founded by its members Companies founded by Oxford Entrepreneurs alumni include Auctomatic (founded by Kulveer Taggar and Harjeet Taggar, acquired by Live Current Media), Quid (founded by Bob Goodson), GroupSpaces (founded by David Langer and Andy Young), Oxford BioLabs (founded by Thomas Whitfield), Onfido (founded by Husayn Kassai and Eamon Jubbawy), GoCardless GoCardless is a fintech company that specialises in bank payments includi ...
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Entrust
Entrust Corp., formerly Entrust Datacard, provides software and Electronic hardware, hardware used to issue financial cards, e-passport production, user authentication for those looking to access secure networks or conduct financial transactions, trust certificated for websites, mobile credentials, and connected devices. The privately-held company is based in Shakopee, Minnesota and employs more than 2,500 people globally. History Entrust Inc In 1994, Entrust built and sold the first commercially available public key infrastructure. In 1997, Nortel (formerly Northern Telecom) spun off Entrust when it became incorporated in Maryland as a part of a tax strategy. Entrust originally entered the public SSL market by chaining to the Thawte Root in 1999 creating Entrust.net. In May 2000, Entrust acquired enCommerce, a provider of authentication and authorization technologies. In April 2002, Entrust's public key infrastructure technology served as the foundation for the protot ...
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Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ...
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Mumbai
Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12.5 million (1.25  crore). Mumbai is the centre of the Mumbai Metropolitan Region, the seventh-most populous metropolitan area in the world with a population of over 23 million (2.3 crore). Mumbai lies on the Konkan coast on the west coast of India and has a deep natural harbour. In 2008, Mumbai was named an alpha world city. Mumbai has the highest number of billionaires out of any city in Asia. The seven islands that constitute Mumbai were earlier home to communities of Marathi language-speaking Koli people. For centuries, the seven islands of Bombay were under the control of successive indigenous rulers before being ceded to the Portuguese Empire, and subsequently to the East India Company in 1661, as part of ...
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Right To Work
The right to work is the concept that people have a human right to work, or to engage in productive employment, and should not be prevented from doing so. The right to work, enshrined in the United Nations 1948 Universal Declaration of Human Rights, is recognized in international human-rights law through its inclusion in the 1966 International Covenant on Economic, Social and Cultural Rights, where the right to work emphasizes economic, social and cultural development. The Human Rights Measurement Initiative measures the right to work in countries around the world, based on their level of income. Definition The Universal Declaration of Human Rights states in Article 23.1: The International Covenant on Economic, Social and Cultural Rights states in Part III, Article 6: The African Charter on Human and Peoples' Rights also recognises the right, emphasising conditions and pay, i.e. labor rights. Article 15, states: History The phrase "the right to work" was coined b ...
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Face Detection
Face detection is a computer technology being used in a variety of applications that identifies human faces in digital images. Face detection also refers to the psychological process by which humans locate and attend to faces in a visual scene. Definition and related algorithms Face detection can be regarded as a specific case of object-class detection. In object-class detection, the task is to find the locations and sizes of all objects in an image that belong to a given class. Examples include upper torsos, pedestrians, and cars. Face detection simply answers two question, 1. are there any human faces in the collected images or video? 2. where is the face located? Face-detection algorithms focus on the detection of frontal human faces. It is analogous to image detection in which the image of a person is matched bit by bit. Image matches with the image stores in database. Any facial feature changes in the database will invalidate the matching process. A reliable face-de ...
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Optical Character Recognition
Optical character recognition or optical character reader (OCR) is the electronics, electronic or machine, mechanical conversion of images of typed, handwritten or printed text into machine-encoded text, whether from a scanned document, a photo of a document, a scene photo (for example the text on signs and billboards in a landscape photo) or from subtitle text superimposed on an image (for example: from a television broadcast). Widely used as a form of data entry from printed paper data recordswhether passport documents, invoices, bank statements, computerized receipts, business cards, mail, printed data, or any suitable documentationit is a common method of digitizing printed texts so that they can be electronically edited, searched, stored more compactly, displayed online, and used in machine processes such as cognitive computing, machine translation, (extracted) text-to-speech, key data and text mining. OCR is a field of research in pattern recognition, artificial intelligen ...
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Machine Learning
Machine learning (ML) is a field of study in artificial intelligence concerned with the development and study of Computational statistics, statistical algorithms that can learn from data and generalise to unseen data, and thus perform Task (computing), tasks without explicit Machine code, instructions. Within a subdiscipline in machine learning, advances in the field of deep learning have allowed Neural network (machine learning), neural networks, a class of statistical algorithms, to surpass many previous machine learning approaches in performance. ML finds application in many fields, including natural language processing, computer vision, speech recognition, email filtering, agriculture, and medicine. The application of ML to business problems is known as predictive analytics. Statistics and mathematical optimisation (mathematical programming) methods comprise the foundations of machine learning. Data mining is a related field of study, focusing on exploratory data analysi ...
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Know Your Customer
Know your customer (KYC) guidelines and regulations in financial services require professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer. The procedures fit within the broader scope of anti-money laundering (AML) and counter terrorism financing (CTF) regulations. KYC processes are also employed by companies of all sizes for the purpose of ensuring their proposed customers, agents, consultants, or distributors are anti-bribery compliant and are actually who they claim to be. Banks, insurers, export creditors, and other financial institutions are increasingly required to make sure that customers provide detailed due-diligence information. Initially, these regulations were imposed only on the financial institutions, but now the non-financial industry, fintech, virtual assets dealers, and even non-profit organizations are included in regulations in many countries. Requirements In the United States, the Fin ...
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TPG Growth
TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American private equity firm based in Fort Worth, Texas. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care. TPG became a public company in January 2022, trading on the NASDAQ under the ticker symbol “TPG”. History and notable investments Founding and early history Texas Pacific Group, later TPG Capital, was founded in 1992 by David Bonderman, James Coulter and William S. Price III. Prior to founding TPG, Bonderman and Coulter had worked for Robert Bass, making leveraged buyout investments during the 1980s. In 1993, Coulter and Bonderman partnered with GE Capital vice president of strategic planning and business development William S. Price III to complete the buyout of Continental Airlines ...
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Funding Round
A securities offering (or funding round or investment round) is a discrete round of investment, by which a business or other enterprise raises money to fund operations, expansion, a capital (economics), capital project, an acquisition, or some other business purpose. Components of a round Hallmarks of an offering include the following (though none are an absolute requirement in every circumstance): *A Prospectus (finance), prospectus, private placement memorandum, or other document used to advertise the availability and terms of the offering, and to provide disclosure of information investors will need for their due diligence efforts *A SEC filing, securities filing with relevant U.S. state, state and/or federal regulators *Various contracts and documents by which the securities are sold such as a subscription agreement, a stock purchase agreement, and a convertible note (which documents a type of convertible security) or other loan document *Various subsidiary or related agreement ...
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Venture Round
A venture round is a type of funding round used for venture capital financing, by which startup company, startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the primary stimuli for the development of new companies and technologies. Features Parties *Founders or Project stakeholder, stakeholders. Introduce companies to investors. *A lead investor, typically the best known or most aggressive venture capital firm that is participating in the investment, or the one contributing the largest amount of cash. The lead investor typically oversees most of the negotiation, legal work, due diligence, and other formalities of the investment. It may also introduce the company to other investors, generally in an informal unpaid capacity. *Co-investors, other major investors who contribute alongside the lead investor. *Follow-on or piggyback investors. Typically angel investors, high-net worth ...
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