OCR Labs is a Digital ID business, providing frictionless customer on-boarding, data security and protection against fraud across multiple channels.
OCR Labs’ patented technology and accredited biometric solution offers a fast and frictionless digital identity verification - saving businesses millions in fraud loss.
OCR Labs was founded in Australia in 2018 by Daniel Aiello and Matthew Adams. The company is headquartered in London and Sydney, NSW, with an office in Istanbul, Turkey.
OCR Labs offers solutions in digital identity that apply optical character recognition (OCR), document fraud assessment, biometric liveness detection, video fraud assessment, and face matching to verify users.
OCR Labs' automated identity verification and face biometrics technology can be applied for anti money-laundering (AML) and know your customer (KYC) regulations to minimize fraud.
OCR Labs counts customers like the Australian government, BMW, Cognito, Vodafone, HSBC, Virgin Money, and Westpac among its client roster.
OCR's proprietary technology has been adopted by organisations both in highly-regulated industries such as banking, finance, insurance and government bodies as well as commercial entities including telco, ecommerce and real estate.
OCR is backed by Equable Capital, Oyak Group, and others. The company raised $30M in a Series B round on Feb 23, 2022. This brings OCR Labs' total funding to $45M to date.