Digital identity platform ID.me has reportedly been valued at $1.8 billion following a tender offer led by new investor Ribbit Capital. The transaction was led by new investor Ribbit Capital, with existing investors Viking Global Investors and CapitalG taking part. Bloomberg earlier reported on the planned tender offer last month. ID.me reached 135 million users for its digital wallet, representing over 50 percent of U.S. adults. Of those, 62 million are verified to the federal standards of identity assurance level 2 (IAL2) consumer authentication.
Source: www.pymnts.com