Company
Announcing the start of B Corp Month
We’re really proud to be one of the UK’s founding B Corps. Every March, purposeful businesses come together to celebrate B Corp month. It’s a time for B Corps to raise awareness of just how important it is to move away from the outdated “business as usual” approach, and instead demonstrate how business, if done right, can be a force for good. But what is a B Corp? Certified B Corporations, also known as B Corps, are companies that ameet high standards of social and environmental performance, transparency and accountability. There are now over 6,000 B Corps in 89
He who eats bread with you
B Corps are companies that use business as a force for good. The “B” stands for benefit, and refers to benefiting workers, benefiting the community and benefiting the environment. It is truly a revolution, driven by the nonprofit organisation B Lab, who are reminding us what companies can really do. Although the word “company” today may make you think of balance sheets and revenue, it actually originates from the French word compagnie: ”a society, friendship, intimacy; body of soldiers”. If we look further back, we find the Latin phrase companio: “he who eats bread with you”. Companies were originally
A different kind of company
Yoti isn’t like many companies in the identity space. We were born from seven core business principles which feed into everything we do. We are held accountable to these principles by the Guardian Council, our independent committee of influential professionals who have expertise spanning human rights, consumer rights, online harms, data responsibility and sustainability. They make sure that we always seek to do the right thing, and that we are transparent about what we are doing and why. We also have an Internal Ethics and Trust Committee that oversees the development and implementation of our ethical approaches and work
More women in tech!
A few weeks ago, we were invited to an event for Ada Lovelace Day at the Francis Crick Institute. The line up was brimming with inspiring female role models and speakers from companies like Made.com, Snapchat and Microsoft. But much more importantly, the room was packed with 200 motivated girls aged 16-18, looking for a springboard into a career in tech. This brilliant event was set up by Workfinder, a startup seeking to revolutionise work experience for young people, regardless of their background, by connecting them with exciting companies through their app. They put us in contact with Anisa and
Adventures in social purpose
It’s been exactly 18 months since I joined Yoti, initially as Head of Social Impact but more recently under a revised title of Head of Social Purpose. We felt the word ‘impact’ was too focused on the end result, and not enough on the process, the DNA and the ethos of what we were trying to do. While we do, of course, want our efforts to have a positive impact, we believe that how you go about creating that impact is equally as important – perhaps more important – as the impact itself. Most of my career has been spent
Yoti raises £8m equity investment at an £82m valuation
At Yoti, we believe there’s tremendous potential to be gained if everyone has access to a digital identity. That’s why over the past few years, we have invested millions into giving people an easier and safer way to prove who they are. Our latest funding round of £8 million new equity investment will help us continue to grow our consumer network, invest in product development and expand our operations globally. This funding has come from existing private investors, employees and our CEO and Co-founder Robin Tombs. This gives Yoti a post-money equity valuation of £82 million, following two previous investment