CompaniesInvestorsPeople
Home
Loading

aVenture is in Beta: research coverage is expanding as we build, so please independently verify key details before making investment decisions.

aVenture is in Beta: research coverage is expanding as we build, so please independently verify key details before making investment decisions.

Get in Touch

  • Contact

  • Request a Demo

  • Request Data Updates

  • Add a Company

Research

  • Companies

  • Investors

  • People

aVenture

  • Download App

  • Pricing

Download the aVenture Research beta for iOS and iPadOSDownload aVenture Research on the Mac App Store

Resources

  • Documentation

  • Use Cases

  • CLI

  • MCP

  • Feature Requests

  • Sitemap

Member

Backed by

Ask AI about aVenture

© aVenture Investment Company, 2026. All rights reserved.

San Francisco, CA, USA

Privacy · Terms of Service

aVenture Investment Company ("aVenture") is an independent research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals. It is not a registered investment adviser, broker-dealer, or investment advisor and does not provide investment advice or recommendations. The data provided by aVenture does not constitute recommendations or advice, whether by methodology, analysis, AI-generated content, or a statement written by a staff member of aVenture.

aVenture is not affiliated with any of the people, companies, organizations, government agencies, regulatory bodies, or investment funds we provide coverage for on this site unless explicitly stated otherwise. Users assume full responsibility for decisions made based on information obtained from this platform. Links to external websites do not imply endorsement or affiliation with aVenture. Any links that provide the ability to invest in a primary or secondary transaction in a company are for convenience only and do not constitute solicitations or offers to buy or sell an investment. Investors should exercise heightened precaution and due diligence when investing in private companies, especially those not independently audited.

While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision. To the fullest extent permitted by law, aVenture shall not be liable for any direct, indirect, incidental, consequential, or financial damages arising from use of this site, whether by consumers of its contents directly or by persons or organizations covered by our research, even if we are advised of the possibility. Our best-efforts processes and correction request forms do not create a warranty or duty of care.

Profiles on this platform may include content generated in part by large language models (LLMs, artificial intelligence) that aggregate publicly available sources (e.g., SEC EDGAR, public filings, press releases). Source attribution is provided where known; always verify statements and claims here against original sources before relying on any data. Content on our site may contain inaccuracies, omissions, or what are commonly called 'hallucinations' if generated in part or in full by AI / LLMs. The risk can also exist even when content is written by a human, as internal and third-party sources may also have inaccuracies for the same or different reasons. While we randomly audit a proportion of content, this is not exhaustive.

We recommend that an independent auditor be hired to verify the accuracy of the information before relying on it for any sensitive decisions. By accessing this platform, you agree not to rely solely on any information generated by AI, aggregated, or sourced or written otherwise on this site, for investment, financial, or other decisions. aVenture assumes no responsibility for inaccuracies, omissions, or hallucinations. You must independently verify all data from primary sources. Use of this platform constitutes your waiver of claims for reliance-based damages, including negligent misrepresentation. To report an error, request a correction, or dispute information about a company or individual, contact us via our request data updates form.

Loading
Loading
Home
News
Yoti comes of age as demand for digital ID grows

From Financial Times

October 14, 2026

Yoti comes of age as demand for digital ID grows

Yoti comes of age as demand for digital ID grows
  • Yoti comes of age as demand for digital ID grows on x (opens in a new window)
  • Yoti comes of age as demand for digital ID grows on facebook (opens in a new window)
  • Yoti comes of age as demand for digital ID grows on linkedin (opens in a new window)
  • Yoti comes of age as demand for digital ID grows on whatsapp (opens in a new window)
  • Yoti comes of age as demand for digital ID grows on x (opens in a new window)
  • Yoti comes of age as demand for digital ID grows on facebook (opens in a new window)
  • Yoti comes of age as demand for digital ID grows on linkedin (opens in a new window)
  • Yoti comes of age as demand for digital ID grows on whatsapp (opens in a new window)

Orlando Crowcroft

Jump to comments section
Stay informed with free updates

Simply sign up to the Technology sector myFT Digest -- delivered directly to your inbox.

Take a look through the apps that a teenager or university student has on their mobile phone and, alongside well-known names such as TikTok and Snapchat, they might well have one called Yoti.

The app provides digital ID verification, an increasingly common way for people to prove their age — and other personal details — to anyone from websites and bars to government agencies around the world.

The market is growing quickly. Acceptance of digital forms of ID is widening, and governments are forcing social media companies to take age verification more seriously.

Yoti, ranked 52nd in the FT’s list of the UK’s fastest-growing companies, is riding the wave. Its revenues grew from £6.2mn in 2022 to over £32mn in 2025. Profitable at the ebitda level every month since March 2025, Yoti has UK government approval to process digital ID checks for Disclosure and Barring Service (used by employers to check criminal convictions and cautions) and the right to work.

A total of 23mn people have downloaded the Yoti app, with some using it as a digital ID and others for its facial age estimation feature which analyses a photograph to determine how old the user is likely to be. Yoti’s biggest market is the UK, but it also has a presence in Europe, the US and Asia.

UK’s fastest-growing companies

This article is part of a special report on the UK’s fastest-growing companies. For the full FT-Statista ranking, click here.

Other articles cover the wellness boom; the fried chicken boom; and how neobanks are beating other fintechs to profit.

For information on next year’s ranking, click here.

Co-founder Robin Tombs says Yoti deletes the images used for facial age estimation immediately afterwards, but privacy campaigners are sceptical.

“We kill it immediately. We don’t store it. We’ll never be able to prove it [but] as long as we stick to our promises and do the right thing . . . we will be trusted more and more,” he says.

Building trust among consumers, companies and public authorities remains a challenge. When Spain’s Agencia Española de Protección de Datos (AEPD) fined Yoti nearly €1mn in March 2026, the company disputed the decision.

In a blog post, Tombs rejected the AEPD’s claims that Yoti had violated EU rules on the handling of biometric data and immediately launched an appeal. “We felt we had to [hit back]. We were super frustrated . . . It has really hurt our business,” says Tombs. “We need to win.”

Nevertheless, last month, Yoti withdrew its Digital ID app from Apple and Android stores in Spain.

Tombs says that Yoti has strict rules on how it handles data. Customer data is off-limits internally, much to the chagrin of those who want the company to leverage that data as an income stream.

“We designed our product so that we could never get into it. Our CTO and our best people can’t get into it,” Tombs says.

“The marketers say: ‘Hang on, we need to know who people are otherwise we can’t market effectively.’ But part of our marketing message is that we don’t know who you are. You have to choose between the two, and we chose privacy.”

Another area of concern is accuracy: how can the algorithm distinguish between someone aged 17 years and six months and someone who has just turned 18?

“It’s an excellent solution — as long as it’s trustable,” says Stanislas Marchand, co-founder of wellness app Rocapine and a former games executive. “You can’t avoid the question of percentage accuracy . . . How many mistakes does it make? And how much are we — as a society — prepared to tolerate in return for a frictionless process?”

“People get hung up on it,” says Tombs, “but when you look at the regulations [they] say that you need to [make] reasonable efforts to make sure that person is over 18 . . . If you set the buffer with Yoti to 25, you won’t get anybody who is 18 getting through.”

Tombs would like to see more regulation when it comes to ‘liveness’, the process by which digital verification apps tell whether the face in front of them is real or, for example, somebody holding a photograph up to the camera.

Liveness can be checked by iBeta Quality Assurance — an independent company — and Yoti is one of the few companies to have passed iBeta Level 3. Ofcom has not said what level of liveness is required, says Tombs.

“Ofcom is very, very weak on [this],” he says. “There are companies using age-check suppliers who don’t have liveness or have really weak liveness.”

Recommended

Business InsightJohn Gapper
Britain has turned digital ID into a growth industry

An Ofcom spokesperson said: “We’ve been clear that we expect services to use liveness detection, including for photo ID and facial age estimation, to minimise the risk of circumvention. We also expect all services to carry out thorough due diligence on any third-party solution . . . including checking for liveness. 

“Where we see evidence that age checks are not up to scratch, we’ve shown we won’t hesitate to act.”

Before they ran Yoti, Tombs and his co-founder, Noel Hayden, built Gamesys, an online casino which was eventually sold in 2021 to American gambling group Bally’s for £2bn.

“They were successful in their first endeavour and could self-finance . . . They didn’t have to rush after cash,” says Claire Trachet, an adviser and former investment banker.

But Trachet raises questions about Yoti’s future. “Do they plan to list? And, if so, where? The obvious answer would be the US,” she says.

When asked, Tombs suggests that for now, Yoti plans to remain a British company. “I’m a pretty proud Brit [and] Yoti is profitable . . . We don’t need to go to Silicon Valley to try and break even,” he says.

“There’s a question as to [whether we] want to try and be super successful in 20 countries compared to one or two. Can [we] do that without Silicon Valley-type capital? I’m not sure we know the answer to that.”

Copyright The Financial Times Limited 2026. All rights reserved.
Reuse this content (opens in new window) CommentsJump to comments section

Follow the topics in this article

  • Digital economy
  • Technology sector
  • UK companies
  • UK small companies
  • Internet privacy

Comments

View original article on ft.com

Most Recent

AI agents are on a shopping spree: Total transactions on Base blockchain eclipse 138 million, Chainalysis finds

The field of agentic commerce, which describes the use of AI agents to carry out internet transactions, is rapidly maturing, and crypto is fueling the boom.

Oct 14, 2026

Global Smartphone Shipments Drop Record High of 22% in Q3 2026 as the Memory Crisis Hits Hard, According to IDC

Global smartphone shipments fell 22% to 255.3M units in 3Q26, a record drop driven by memory costs. IDC expects no recovery before 2028.

Oct 14, 2026

Exclusive | Bloomberg Doubles Down on Conversational AI

Allowing users to add their own information to the company's generative AI-based ASKB interface will feed the system with a new level of context

Oct 14, 2026

ASML’s chip equipment sales to China soar 109% despite US export curb push

Dutch semiconductor equipment giant ASML expects China to account for about 20 per cent of its total sales this year …

Oct 14, 2026

Similar Posts

Anthropic told investors that its revenue jumped to $16.8B in Q3, up from $11.5B in Q2, and that the company was profitable on an adjusted basis in Q3

Rapid growth is slower than some anticipated as fears about the AI trade rattle markets — Anthropic told investors …

Oct 14, 2026

Profile of Abdulrahman Alfozan, a Saudi national the FBI arrested after OpenAI found a recording device; he has deep ties to Saudi officials and tech investors

Arrest of computer engineer Abdulrahman Alfozan has shocked tech figures in Saudi Arabia, where he is deeply connected

Oct 14, 2026

Berkshire Hathaway invests an additional $330M in Bending Spoons, taking its stake to 4%, after investing $600M during Bending Spoons' July IPO; BSP jumps 40%+

Shares of conglomerate that owns AOL and Vimeo jump more than 50% on news of expanded investment by Nebraska asset manager

Oct 14, 2026

CoreWeave says it is targeting insurers' "unlimited" capital, as the AI cloud provider seeks cheaper ways to fund the tens of billions it is spending on chips

Co-founder eyes insurers' vast capital for loans as the Nvidia-backed cloud provider seeks to fund the data centre build-out

Oct 14, 2026