SentiLink, Identity verification startups have raised $ 70 million in a Series B funding round led by Craft Ventures.
Felicis Ventures, Andreessen Horowitz (a16z) and NYCA also participated in the funding, bringing the company’s total to $ 85 million since its inception in 2017.The company refused to reveal what valuation the money was raised in, saying that’s it. A “very high multiple” of the $ 15 million Series A in 2019, led by a16z.
After working as a data scientist at Affirm, Naftali Harris and Max Blumenfeld founded SentiLink in mid-2017, where they built the company’s risk capabilities. At some point during their tenure at an installment loan provider, they encountered a “unique” fraud case. There, I applied for a loan with 12 IDs using the same name and date of birth and 12 different Social Security numbers.
The pair was surprised to find that all 12 IDs had real credit reports with a credit score of 750 or higher, even though…