A technology company based in NYC, Footprint, has secured million in Series A funding to support its mission of helping banks, marketplaces, and fintechs streamline user onboarding processes. The funding round was led by QED Investors, with participation from existing investors Index Ventures, Lerer Hippeau, Operator Partners, BoxGroup, Palm Tree Capital, Definition, as well as new investors Neo and Animal Capital.
Founded in 2022 by Eli Wachs and Alex Grinman, Footprint specializes in unifying KYC (Know Your Customer), security, and authentication to automate consumer onboarding and combat identity fraud. The company plans to utilize the newly secured funds to further develop its technology and expand its reach.
In conjunction with the funding announcement, Footprint also unveiled a new tool called Footprint Connections, which aims to facilitate connections between its customers and enhance the overall user experience on the platform.
Overall, the funding and product launch signify Footprint’s commitment to innovation and growth in the fintech industry.
