Equal, a data-sharing and identity verification platform, has secured USD 10 million in its Series A funding round, which was led by Prosus Ventures, Tomales Bay Capital, and the company’s founder, Keshav Reddy, at a post-money valuation of USD 80 million.
The funding round also saw participation from a roster of high-profile investors, including Blume Ventures, DST Global, Quona VC, Gruhas VC (Nikhil Kamath), Binny Bansal (Co-founder, Flipkart), Harsh Jain (Founder, Dream11), Karan Adani (Managing Director, Adani Ports), D S Brar (Chairman, Aragen), and Kunal Shah (Founder, Cred).
The newly raised capital will be used to accelerate Equal’s operations, form strategic partnerships, and further develop its integrated, secure, and transparent digital platform for identity verification and data sharing.
Founded by Keshav Reddy and Rajeev Ranjan, Equal helps businesses streamline KYC, fraud prevention, and regulatory compliance processes. The platform provides seamless integration with over 50 ID databases and more than 4,000 API providers. This extensive ecosystem allows businesses to verify identities and reduce fraud risks efficiently.
In a strategic move, Equal recently invested in OneMoney, an account aggregator, which enhances its offering by combining secure, consent-driven financial data sharing with identity verification services. Together, OneMoney and Equal currently handle over 64 million monthly transactions and serve over 250 clients across India.
Equal competes with other players in the identity verification space, including IDfy, SpringVerify, AuthBridge, Digio, and Karza (owned by Perfios). With the new funding, the company is poised to expand its market reach and strengthen its position in the fast-growing digital identity verification and financial data sharing sectors.
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