After securing a €12.5m investment from Grant Thornton, Valid8Me will be hiring across software engineering, risk and compliance, and marketing and sales.
Cork regtech company Valid8Me is planning to create 30 new jobs by the end of 2023. The new hires will play a key role in the company’s expansion strategy after securing a major investment.
Launched last year by Horizon8, which has its European headquarters in Cork, Valid8Me’s platform helps businesses streamline digital identity verification.
It allows individuals and companies to share, store and manage data related to know-your-customer processes. It also champions a reusable digital identity model to reduce the risk for businesses around data privacy, and looks to reduce customer onboarding costs for businesses.
Valid8Me’s platform supports more than 10,000 different document templates from 248 different countries and territories.
The company’s expansion is being supported by a €12.5m investment from Grant Thornton, which has taken a majority stake in the business. This will enable Valid8Me to double its workforce from 30 to 60 by the end of next year.
Roles will be available in software engineering, risk and compliance, as well as in the company’s marketing and sales departments.
Patrick Horgan, CEO of Valid8Me, said the platform is “fundamentally different” in its championing of reusable digital identity.
“The idea that consumers repeatedly share their most sensitive data, often through insecure channels, to prove their identity is archaic.”
He said that the investment from Grant Thornton would see his company leverage the investor’s “global reach and multi-sector expertise” to support growth.
Mick McAteer, managing partner of Grant Thornton Ireland, said the firm viewed the Valid8Me platform as “complementary to a number” of its own service lines. It also specifically addresses the needs of Grant Thornton’s clients across a number of sectors including financial services, legal, accounting, wealth management and real estate, he said.
Steve Tennant, head of financial services advisory at Grant Thornton Ireland, said the firm has been using Valid8Me’s client onboarding services and had “first-hand experience” of its effects on the business.
For information on roles available at Valid8Me, keep an eye on its website.
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