ID.me Announces $275 Million Financing from Ares Management
ID.me, a digital identity wallet provider, has secured a $275 million credit facility from Ares Management (NYSE: ARES), which also plans to make a substantial equity investment in the company. ID.me has demonstrated significant growth with over 139 million users in its digital wallet, including 65 million users verified to federal IAL2 standards. The company's revenue has grown over 450% from 2020 through 2024.
ID.me's platform is uniquely positioned as the only digital wallet meeting federal government standards for secure login and multi-factor authentication, offering online, video chat, and in-person identity verification options. The company serves 19 federal agencies, 44 state government agencies, 66 healthcare organizations, and over 600 consumer brands. The new financing will support ID.me's continued growth and path to sustainable profitability.
ID.me, fornitore di portafogli di identità digitali, ha ottenuto una linea di credito di 275 milioni di dollari da Ares Management (NYSE: ARES), che prevede anche di effettuare un sostanziale investimento azionario nell'azienda. ID.me ha dimostrato una crescita significativa con oltre 139 milioni di utenti nel suo portafoglio digitale, inclusi 65 milioni di utenti verificati secondo gli standard federali IAL2. I ricavi dell'azienda sono cresciuti di oltre il 450% dal 2020 al 2024.
La piattaforma di ID.me è posizionata in modo unico come l'unico portafoglio digitale che soddisfa gli standard del governo federale per accesso sicuro e autenticazione multi-fattore, offrendo opzioni di verifica dell'identità online, videochiamata e di persona. L'azienda serve 19 agenzie federali, 44 agenzie statali, 66 organizzazioni sanitarie e oltre 600 marche di consumo. Il nuovo finanziamento supporterà la continua crescita di ID.me e il suo percorso verso una redditività sostenibile.
ID.me, proveedor de billeteras de identidad digital, ha asegurado una línea de crédito de 275 millones de dólares de Ares Management (NYSE: ARES), que también planea realizar una inversión significativa en acciones en la empresa. ID.me ha demostrado un crecimiento significativo con más de 139 millones de usuarios en su billetera digital, incluidos 65 millones de usuarios verificados según los estándares federales IAL2. Los ingresos de la empresa han crecido más del 450% desde 2020 hasta 2024.
La plataforma de ID.me está posicionada de manera única como la única billetera digital que cumple con los estándares del gobierno federal para inicio de sesión seguro y autenticación multifactorial, ofreciendo opciones de verificación de identidad en línea, por videollamada y en persona. La empresa atiende a 19 agencias federales, 44 agencias estatales, 66 organizaciones de salud y más de 600 marcas de consumo. La nueva financiación apoyará el crecimiento continuo de ID.me y su camino hacia la rentabilidad sostenible.
ID.me는 디지털 신원 지갑 제공업체로서 Ares Management (NYSE: ARES)로부터 2억 7500만 달러의 신용 시설을 확보하였으며, 이 회사는 또한 ID.me에 대한 상당한 주식 투자를 계획하고 있습니다. ID.me는 1억 3900만 명 이상의 사용자를 보유한 디지털 지갑으로 유의미한 성장을 보여주었으며, 여기에는 연방 IAL2 기준에 따라 인증된 6500만 명의 사용자가 포함됩니다. 이 회사의 수익은 2020년부터 2024년까지 450% 이상 증가하였습니다.
ID.me의 플랫폼은 안전한 로그인 및 다중 인증을 위한 연방 정부 기준을 충족하는 유일한 디지털 지갑으로 독특하게 자리잡고 있으며, 온라인, 비디오 채팅 및 대면 신원 확인 옵션을 제공합니다. 이 회사는 19개의 연방 기관, 44개의 주 정부 기관, 66개의 의료 기관 및 600개 이상의 소비자 브랜드에 서비스를 제공합니다. 새로운 자금 조달은 ID.me의 지속적인 성장과 지속 가능한 수익성 경로를 지원할 것입니다.
ID.me, fournisseur de portefeuilles d'identité numérique, a sécurisé une ligne de crédit de 275 millions de dollars auprès d'Ares Management (NYSE: ARES), qui prévoit également de réaliser un investissement en capital substantiel dans l'entreprise. ID.me a démontré une croissance significative avec plus de 139 millions d'utilisateurs dans son portefeuille numérique, dont 65 millions d'utilisateurs vérifiés selon les normes fédérales IAL2. Le chiffre d'affaires de l'entreprise a augmenté de plus de 450% entre 2020 et 2024.
La plateforme d'ID.me est positionnée de manière unique en tant que seul portefeuille numérique respectant les normes du gouvernement fédéral pour une connexion sécurisée et une authentification multi-facteurs, offrant des options de vérification d'identité en ligne, par vidéo et en personne. L'entreprise sert 19 agences fédérales, 44 agences d'État, 66 organisations de santé et plus de 600 marques de consommation. Le nouveau financement soutiendra la croissance continue d'ID.me et son chemin vers une rentabilité durable.
ID.me, Anbieter von digitalen Identitäts-Wallets, hat eine Kreditlinie von 275 Millionen US-Dollar von Ares Management (NYSE: ARES) gesichert, das ebenfalls plant, eine erhebliche Kapitalbeteiligung an dem Unternehmen zu investieren. ID.me hat ein signifikantes Wachstum mit über 139 Millionen Nutzern in seiner digitalen Wallet demonstriert, einschließlich 65 Millionen Nutzern, die nach den bundesstaatlichen IAL2-Standards zertifiziert sind. Der Umsatz des Unternehmens ist von 2020 bis 2024 um über 450% gestiegen.
Die Plattform von ID.me ist einzigartig positioniert als die einzige digitale Wallet, die den bundesstaatlichen Anforderungen für sicheres Anmelden und Multi-Faktor-Authentifizierung gerecht wird, und bietet Optionen zur Identitätsüberprüfung online, per Videoanruf und persönlich an. Das Unternehmen bedient 19 Bundesbehörden, 44 staatliche Behörden, 66 Gesundheitsorganisationen und über 600 Verbraucherbrands. Die neue Finanzierung wird das fortdauernde Wachstum von ID.me unterstützen und den Weg zu nachhaltiger Rentabilität ebnen.
- Secured $275 million credit facility plus additional equity investment from Ares Management
- Revenue growth of over 450% from 2020 through 2024
- Large user base of 139 million users with 65 million verified to federal standards
- Extensive client network including 19 federal agencies, 44 state agencies, and 66 healthcare organizations
- None.
Insights
This strategic investment by Ares Management marks a compelling move into the rapidly evolving digital identity verification sector. The dual-pronged approach - combining a
Several key factors make this investment particularly noteworthy:
- ID.me's
450% revenue growth since 2020 indicates exceptional market traction and scalability - The company's extensive government agency relationships (19 federal, 44 state) create high switching costs and stable recurring revenue
- Federal compliance certifications (NIST 800-63-3 IAL2/AAL2) establish significant barriers to entry
- The 139 million user base represents a valuable network effect that can be monetized across multiple sectors
For Ares Management, this investment aligns perfectly with their alternative investment strategy in high-growth technology sectors. The structured financing approach - combining debt and equity - provides both downside protection and upside participation. With
The timing is particularly strategic given the accelerating digital transformation across government and healthcare sectors, where ID.me has already established strong footholds. The investment should enable ID.me to expand its enterprise customer base while maintaining its technological edge in fraud prevention and user authentication.
This financing comes amid significant business momentum, as ID.me has signed up over 139 million users into its digital wallet, with over 65 million of these users verified to the federal standards of IAL2 consumer authentication. ID.me's revenue has grown over
ID.me is the only digital wallet that meets the federal government standards for secure login and multi-factor authentication while offering online, video chat, and in-person options for identity verification at National Institute of Standards and Technology (NIST) Identity Assurance Level 2. True to ID.me's purpose of enabling consumer trust across the digital economy, members can use ID.me's digital wallet to safely login and prove their identity in seconds at any government, healthcare, commercial or non-profit organization in the ID.me network.
"This credit facility provided by Ares, combined with its anticipated equity investment, provides substantial capital to accelerate our roadmap and growth strategy, scaling ID.me to the next phase of growth and sustainable profitability," said Blake Hall, Founder and CEO of ID.me. "Coming soon after our recent secondary tender, we are pleased that esteemed institutional investors are recognizing our market-leading outcomes expanding digital access, protecting privacy, fighting fraud, and ensuring frictionless user experience."
Ares Management, a leading global alternative investment manager with more than
"ID.me is a category and thought leader in the digital identity space, enabling government agency and commercial enterprise customers to navigate the demand for secure and inclusive digital access to their services while respecting end-user data privacy," said John Clark, Principal at Ares Management. "As the world continues to be transformed by AI and vectors of fraud proliferate, we believe that ID.me's digital identity wallets will become increasingly important in facilitating the consistent and fraud-resistant connections between these large organizations and their users. Ares is excited to work with Blake and the rest of the ID.me team, and we look forward to supporting ID.me's next phase of growth."
About ID.me
ID.me is the next-generation digital identity wallet that simplifies how individuals securely prove their identity online. Consumers can verify their identity with ID.me once and seamlessly login across websites without having to create a new login and verify their identity again. Over 139 million users experience streamlined login and identity verification with ID.me at 19 federal agencies, 44 state government agencies, and 66 healthcare organizations. More than 600 consumer brands use ID.me to verify communities and user segments to honor service and build more authentic relationships. ID.me's technology meets the federal standards for consumer authentication set by the Commerce Department and is approved as a NIST 800-63-3 IAL2 / AAL2 credential service provider by the Kantara Initiative. ID.me is committed to "No Identity Left Behind" to enable all people to have a secure digital identity. To learn more, visit https://network.id.me/.
About Ares Management Corporation
Ares Management Corporation (NYSE: ARES) is a leading global alternative investment manager offering clients complementary primary and secondary investment solutions across the credit, real estate, private equity and infrastructure asset classes. We seek to provide flexible capital to support businesses and create value for our stakeholders and within our communities. By collaborating across our investment groups, we aim to generate consistent and attractive investment returns throughout market cycles. As of September 30, 2024, Ares Management Corporation's global platform had approximately
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SOURCE ID.me, Inc.
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