FintekNews Deal of the Day – ID Experts Lands $27.5M

Today we scoured the web and could not find a fintech-specific VC deal for the life of us (where are all the new robos and cool millennial-positioned fintech apps today?) , so we are featuring ID Experts instead.  It’s still fintech, inasmuch as they offer data breach response, medical identity monitoring and identity protection services to numerous industries including financial services, health plans and governmental entities.  We think the data breach component is particularly interesting.  We all hear about identity breaches practically daily now, but the news doesn’t really tell us who handles these when they occur.  Now we know – ID Experts, amongst others. 

From the ID Experts website:

“ID Experts was born out of a passion to help guarantee the privacy of Americans—the privacy of their personal, financial, and health information—in a high-risk, challenging environment. It’s timely, important work, and the work that we do best.

Over time, the risks have grown, and so have the costs to individuals if their privacy is compromised. What started as financial problems has escalated to threats to a person’s reputation and health.

For these reasons, we’ve chosen to develop products and services that lower risks to data privacy. We create innovative solutions that help enterprises ensure the privacy of their customers’ personal information today and into the future.”

Total Equity Funding
$32.5M in 2 Rounds from 4 Investors

Most Recent Funding
$27.5M Venture on August 18, 2016

Read Full Listing at Crunchbase