After 250% Revenue Spike, São Paulo Onboarding Startup Goes Global

São Paulo-based Caf has announced the global launch of its “Know Your Everything” platform, elevating its profile as a fast-growing provider of remote onboarding solutions and services.

Like numerous other remote onboarding specialists, Caf offers a platform in which selfie-based biometric identity verification plays a central role. Its own particular solution includes presentation attack detection technology that has attained iBeta Level 1 compliance.

The company has benefitted from exceptionally good timing. It was founded in 2019, a time when steadily increasing interest in remote identity verification solutions was about to dramatically accelerate in the wake of a pandemic that drove businesses around the world into online channels.

In announcing the global launch of its platform, Caf detailed what appears to have been a particularly strong year for the company in 2022. Caf opened new offices in the US, Canada, and the UK and doubled its staff as it saw an 80 percent increase in its customer base and a 250 percent revenue jump. It also did a Series A financing round that brought in BRL 80 million, or about USD $20.8 million.

“As we look back on the year, I could not be prouder of what we have achieved as a team,” commented Darryl Green, who was appointed to the position of CEO in 2021. “We successfully raised our Series A round, which we will reinvest in our growth; we hired some of the best and proven leaders across the globe and were able to successfully achieve all the goals initially set out for this year.”

With the selfie-driven remote onboarding market continuing to boom, it seems that Caf has become another major player to watch going forward.

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(Originally published on Mobile ID World)