Fed Hikes and Its Impact on Identity

In this month’s Investing in Identity series, we dive into notable news, deals, and impacts on the digital identity community. This month’s agenda features:

• Google, Microsoft, and Apple have committed to developing passwordless authentication options. LastPass joins the FIDO Alliance in the latest push for a passwordless revolution
• The Federal Reserve approved the largest interest rate increase since 1994, signaling it will continue lifting rates through 2022. What does this mean for entrepreneurs and investors, and what impact does this have on the digital identity community?
• Middesk, a platform designed to automate business verification and underwriting decisions, raised $57MM in a Series B round co-led by Insight Partners and Canapi Ventures. What’s the implication for identity-as-a-service APIs?
• Incognia took in $15.5MM to expand mobile anti-fraud solutions in a Series A, led by Point72 Ventures. What’s the roadmap for global growth, for a company with 200 million users across 20 countries?