identity verification
Socure acquires identity verification startup Berbix for $70M
Socure, the identity verification service that raised a massive $450 million Series E round at a $4.5 billion valuation during the heady fundraising days of late 2021 (and $100 million…
Notarize, the world’s largest online notary network, is launching Proof, a new company and platform for digital identity verifications. Beginning in August, Notarize’s business tools will be rebranded to Proof,…
Its equity, growth and existing relationships with banks and financial institutions, gave Socure firm footing to kick off credit facility discussions.
Persona expands beyond identity verification with new suite of services
Persona, a four-year-old identity startup, has done pretty well for itself with its original identity verification idea, an API that lets companies capture various documents like a driver’s license or…
Sardine raises $51.5M led by a16z to sniff out fishy fintech transactions
As fintechs become more efficient, so too do fraudsters. “Faster instant payments mean faster fraud,” Sardine CEO and co-founder Soups Ranjan told TechCrunch. That’s the thesis behind his startup, which…
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Plaid officially expands into identity and income verification, fraud prevention and account funding
Fintech decacorn Plaid is expanding beyond its core product of account linking — its first major expansion since its 2013 inception. In conjunction with its “Plaid Forum” event, the startup today unveiled a number of “product enhancements and new initiatives,” which include moving into identity and income verification, fraud…
A few months after raising $1 billion, payments startup Checkout.com has announced that it plans to acquire French startup Ubble, which operates a remote identity verification service. The deal should…
Identitypass, an identity verification API for Africa, raises $2.8M seed funding
Mobile penetration in Africa is growing impressively at about 46% as more people come online for the very first time. In turn, this has increased the market opportunity for…
Identity verification startup Socure raises $450M at $4.5B valuation, adding Tiger Global as new investor
Socure, a company that uses AI and machine learning to verify identities, announced today that it raised $450 million in funding for its Series E round led by Accel and…
Early Affirm employees raise $70M for SentiLink, an identity verification startup
SentiLink, an identity verification technology startup, has raised $70 million in a Series B funding round led by Craft Ventures. Felicis Ventures, Andreessen Horowitz (a16z) and NYCA also participated in…
Smile Identity raises $7M to build KYC and identity verification tools for Africa
An estimated one billion people worldwide face the challenge of proving who they are, according to a World Bank Group report that states that 81% of this number live in…
German identity verifier IDnow acquires France’s ARIADNEXT for $59 million, hits M&A road
IDnow, a German-based identity verification startup is acquiring ARIADNEXT, a French equivalent, specializing in remote identity verification and digital identity creation. A price was not released by either party but…
Australian ID verification startup OCR Labs raises $15M Series A to expand into UK/Turkey/Europe
With the gig economy came the need for ID verification, thus startups like OnFido appeared, alongside several others. But this sector is by no means done yet. Now, OCR Labs,…
Online fraud and identity theft is a global problem that has only been exacerbated with increased online transactions amid the COVID-19 pandemic. In particular, it is estimated that Brazilian companies…
Persona lands $50M for identity verification after seeing 10x YoY revenue growth
The identity verification space has been heating up for a while and the COVID-19 pandemic has only accelerated demand with more people transacting online. Persona, a startup focused on creating…
Twitter bots and memorialized users will become ‘new account types’ in 2021
After a period of public feedback, Twitter adjusted some its plans for a new verification process, set to roll out next year. The company suspended public verification applications in 2017…
Identity management startup Truework raises $30M to help you verify your work history
As organizations look for safe and efficient ways of running their services in the new global paradigm of increased social distancing, a startup that has built a platform to help…
As compliance pressure mounts, businesses turn to regulatory technology
More than seven years after the financial crisis began, economies worldwide are growing. Much of the recovery has been led by government spending, including massive sums on infrastructure projects, which…
What’s in a name? When it comes in the form of a password, everything. The password has long been the safeguard — and in many cases, the only one –…
Israel has become a hotbed for startups in the fields of identity verification and fraud prevention. The IDF Unit 8200 develops systems for gathering intelligence, automatically sifting through data to…
BlockScore Lands $2M In Funding For Making I.D. Verification Easier
In 2012, about 7 percent of all people aged 16 or older in the U.S. experienced identity theft, with their financial losses totaling $24.7 billion. Christopher Morton is familiar with…
