PALO ALTO, CA, Jumio today announced it has secured a $150 million investment.
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced it has secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies. This infusion represents the single largest funding round in the digital identity space and speaks to the global importance of establishing a user's identity remotely to defend against fraud and financial crime, comply with KYC and AML regulations and boost online conversions.
Jumio's mission is to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification and eKYC platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.
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