2024 Revenue
$1.8M
Funding
$0
YOY
58.9%
Team
48
Founded
2011
How The ID Co. CEO James Varga grew to $1.8M revenue with a 48 person team in 2024.
Developer of an online verification platform designed to verify customer identity for businesses. The company's online verification platform combines bank verified identities and live financial transaction history with bureau and other data sources to help businesses increase conversions, reduce fraud and make more accurate decisions, enabling businesses to get verification identity of customers.
Last updated
The ID Co. Revenue
In 2024, The ID Co.'s revenue reached $1.8M. The company previously reported $1.1M in 2023. Since its launch in 2011, The ID Co. has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | The ID Co. Hit $1.8m revenue in October 2024 | |
| 2023 | The ID Co. Hit $1.1m revenue in December 2023 | |
| 2021 | The ID Co. Hit $861.4k revenue in April 2021 | |
| 2011 | Launched with $0 revenue |
The ID Co. Valuation, Funding Rounds
The ID Co. is a bootstrapped Security Compliance Software startup. Founded in 2011, The ID Co. has grown to $1.8M in revenue without raising any venture capital or outside funding.
As a self-funded Security Compliance Software SaaS company, The ID Co. has built its business with no outside investment.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|
Founder / CEO
James Varga
CEO
James Varga founded The ID Co. (previously miiCard) with a mission to create trust online through the miiCard Digital Passport for consumers and its B2B service DirectID. The core premise of The ID Co. is that by leveraging an individual’s trusted relationship with their bank, it can extend trust online to open up new opportunities globally andinstantly. This layer of trust on the Internet will make it possible to change our understanding and experience of the world by allowing everyone to more easily and securely interact and transact with more people. Over his more than 20-year career in technology, James has held a number of senior level positions in marketing, technology and management roles. Most recently, he served as a co-founder and director of Money Dashboard, the UK’s leading personal finance management tool. He also created beblu, the first mini-component computer system designed for the living room; led a knowledge assessment service; a digital agency for websites and financial service applications named lightershade; and founded Squarepeg, an eBusiness consultancy specializing in CRM and sales management.
Q&A
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|---|---|
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Customers
We do not have customer count information for The ID Co. yet.
The ID Co. Employees & Team Size
The ID Co. employs approximately 48 people as of 2026, down from 49 in 2023, including 1 sales reps that carry a quota.
| Year | Milestone |
|---|---|
| 2024 | Reached 48 employees (October 2024) |
| 2023 | Reached 49 employees (December 2023) |
| 2022 | Reached 42 employees (December 2022) |
| 2021 | Reached 45 employees (December 2021) |
| 2021 | Reached 32 employees (April 2021) |
Frequently Asked Questions about The ID Co.
What is The ID Co.'s revenue?
The ID Co. generates an estimated $1.8M in annual revenue.
Who founded The ID Co.?
The ID Co. was founded by James Varga.
Who is the CEO of The ID Co.?
The CEO of The ID Co. is James Varga.
How much funding does The ID Co. have?
The ID Co. is bootstrapped and has not raised outside funding.
How many employees does The ID Co. have?
The ID Co. has 48 employees.
Where is The ID Co. headquarters?
The ID Co. is headquartered in Edinburgh, England, United Kingdom.
Compare The ID Co. to the industry
The ID Co. operates across multiple industries. Browse revenue, funding, and growth data for The ID Co. in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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