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874 HSBC backs digital ID firm Yoti in £20m debt funding

UK Tech News
Oscar Hornstein @ UK Tech News · 01/10/2024 05:45 EDT

HSBC backs digital ID firm Yoti in £20m debt funding

Digital identification startup Yoti has raised £20m from HSBC and shareholders to support its goal of securing profitability. The funding was split between £12.5m of debt funding from the international bank and a further £7.5m of convertible debt funding from existing shareholders. Founded in 2014, Yoti has become one of the most well-funded companies in ...

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