Digital ID firm Yoti scores £12.5m debt funding from HSBC

Yoti, the digital identity company, secures £12.5 million in debt funding from HSBC and an additional £7.5 million in convertible debt funding from existing shareholders.
The total £20 million funding will support Yoti’s growth, aiming for profitability and beyond.
Yoti has received over £166 million in funding to date, enabling the development of proprietary technologies for identity verification, age assurance, and authentication.
Yoti, a UK-based company, has experienced significant growth with revenues soaring 6,074% over the past four years.
Yoti completes over 6.5 million age and identity checks monthly, serving various sectors globally, including finance, gaming, government, and more.
Notable clients of Yoti include Meta, OnlyFans, Sony Playstation, Aldi, and government entities like The Government of Jersey.
Yoti launched a new Digital ID app with Lloyds Bank and created Digital ID Connect, the UK’s largest digital identity network.
In 2023, close to one million individuals in the UK downloaded one of the three Digital ID apps, showcasing Yoti’s rapid adoption without consumer marketing spend.
Yoti’s CEO, Robin Tombs, expresses delight in the funding, stating it will support the company’s rapid growth.
John Browett, Chair at Yoti, emphasizes the importance of this funding in steering Yoti towards profitability and acknowledges the company’s world-leading technology.