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Prove Identity Announces $40M Financing Round

2023-10-17
NEW YORK, NY, Prove Identity, a global leader in digital identity solutions, has announced a $40 million funding round led by MassMutual Ventures and Capital One Ventures.
The new funding, supported by over 40% new international customer growth year to date, reinforces Prove's position as the global leader in the digital identity verification and authentication market. The funds will be used to launch new commerce enablement and fraud-fighting use cases, continue Prove's global expansion, and address the evolving threats faced by all public and private institutions operating in the digital economy.

Prove enables businesses to provide frictionless digital consumer experiences without compromising security. With Prove's advanced identity verification and authentication platform and Prove Identity Network, trusted digital transactions are assured throughout the user journey. More than 1,000 businesses, including 9 of the top 10 U.S. banks, rely on Prove to boost revenue, improve customer acquisition, enhance cybersecurity, mitigate fraud, and eliminate costs of legacy identity verification solutions.
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