Ipsidy’s surging 2Q revenue and US$9.6mln in equity funding to help it execute across geographies

Ipsidy Inc (OTCQX:IDTY), a provider of biometric identification and electronic transaction processing services, posted strong second-quarter revenue growth. The company also indicated that it had received subscriptions for common stock in a US$9.6mln equity funding round. “The recent fund-raising will help us execute on the large number of physical and virtual use cases for our solutions in different markets and countries around the world,” Ipsidy CEO Philip Beck told Proactive Investors.

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