OCR Labs: Secures $30M Series B Funding

OCR Labs Secures $30M Series B Funding

• OCR Labs, a London, UK-based provider of a verification technology platform, raised $30M in Series B funding
• The round was led by Equable Capital
• The company intends to use the funds to expand its team in North America and EMEA
• OCRLabs is a technology leader in the digital identity verification space
• The solution supports Anti Money Laundering (AML) and Know Your Customer (KYC) regulations and improves customer identity verification while reducing fraud
• The company supports clients across industries including financial services, government, telco, crypto and a variety of platform-based businesses