The transaction proceeds of USD 60 million, received through the issuance of Preferred Shares, will be used to pay off AU10TIX’s debt and accelerate AU10TIX’s future global growth initiatives. This investment demonstrates confidence in AU10TIX management, the company’s business model, and its future strategic trajectory.

AU10TIX is a global cloud-based, machine learning, image processing company. AU10TIX’s portfolio of services include: forensic level ID Authentication, Identity Verification, Screening, and Advanced Biometrics. Over the last decade AU10TIX Limited has become the preferred solution for customer onboarding and KYC ("Know Your Customer") automation across a diverse set of industry sectors; such as banking, payments, transportation, travel, and gaming.

TPG is a leading global alternative asset firm founded in 1992 with more than USD 108 billion of assets under management and offices in Austin, Beijing, Boston, Dallas, Fort Worth, Hong Kong, Houston, London, Luxembourg, Melbourne, Moscow, Mumbai, New York, San Francisco, Seoul, and Singapore. TPG’s investment platforms are across a wide range of asset classes, including private equity, growth equity, real estate, credit, and public equity. TPG aims to build dynamic products and options for its investors while also instituting discipline and operational excellence across the investment strategy and performance of its portfolio.