Fintech platform Ledgerly raises $60M Series C to launch biometric KYC device

Tech · 5 min read

Ledgerly announced a $60 million Series C round, with Accel leading and participation from existing backers Founders Fund and Ribbit Capital. The company will use the funds to scale manufacturing and expand into Africa and Southeast Asia.

The new product, PocketID, is a rugged handheld device that captures biometric data, scans IDs, and performs offline verification using a secure hardware enclave and federated identity checks. PocketID is designed for areas with intermittent connectivity and for field agents serving unbanked populations.

Ledgerly highlights strong pilot results with microfinance networks and national ID programs, reporting reductions in onboarding time and fraud. The company plans SDKs so financial providers can integrate PocketID data into existing KYC workflows while maintaining compliance with regional regulations.