Bureau is a San Francisco-based provider of a platform for businesses to verify customer identities and prevent fraud during online transactions. Its platform removes risk and blocks fraud concurrently by spotting abuse, monitoring transactions and enabling seamless identity verification. Led by founder and CEO Ranjan Reddy, the system has verified more than 600 million identities on behalf of over 150 customers. The company raised $30M in a Series B round led by Sorenson Capital, with participation from PayPal Ventures, Commerce Ventures, GMO Venture Partners and Village Global. Bureau intends to use the funds to expand operations and accelerate product development. Bureau builds an identity verification platform that maps digital persons and physical identities, tokenizing them behind mobile numbers to help companies prevent fraud and meet compliance. Its technology combines document verification, OCR, facematch, biometric checks, government database and AML checks, device and IP signals, and link analysis to assess identity risk. The platform is used across banking, fintech, insurance, the gig economy and real‑money gaming to detect mule accounts, synthetic IDs, account takeover, and to expand lending to new‑to‑credit customers. Bureau says it verified 300 million identities through its platform and grew customer and revenue numbers 6x over the past 12 months. It will use the new funding to invest in data and AI capabilities to automate decisioning and to expand coverage from 20 to more than 100 markets. Bureau positions itself as not being a data broker, sharing decisions rather than consumer data as part of its tokenized privacy architecture. Bureau offers a frictionless identity verification and fraud protection platform delivered via a single API to automate onboarding decisions and process insured users and transactions. The product focuses on end-to-end customer onboarding and fraud prevention for mobile-first enterprises. Bureau is ISO 27001:2013 certified and counts customers across fintech and financial services, including Jupiter Money, Goibibo, Aditya Birla Capital, ICICI Prudential, India Gold, and PhonePe. The company plans to use new funding to enhance its products and expand its footprint in India and South‑East Asia. It also intends to double down on capabilities such as account takeover prevention, transaction monitoring, and solutions for return-to-origin (RTO) and chargebacks use cases. Bureau was founded in 2020 by Reddy.

Total raised

$47M

Funding rounds

3

Latest round

Series B

Latest activity

Dec 2024