Id Verification Supplier Jumio Scores $150 Million Funding From Personal Fairness Agency Nice Hill Companions

Jumio, a U.S.-based AI-powered end-to-end identification verification and eKYC options supplier, introduced on Wednesday it acquired a $150 million funding from Nice Hill Companions, a non-public fairness agency.

Based in 2010, Jumio’s mission is to make the web a safer place by defending the ecosystems of companies by way of unified, end-to-end identification verification and eKYC platform. Jumio revealed that its KYX Platform gives a spread of identification proofing and AML companies to precisely set up, preserve and reassert belief from account opening to ongoing transaction monitoring.

“Leveraging superior expertise together with AI, biometrics, machine studying, liveness detection and automation, Jumio helps organizations combat fraud and monetary crime, onboard good prospects sooner and meet regulatory compliance together with KYC, AML and GDPR.”

Jumio additional revealed that it has verified greater than 300 million identities by over 200 international locations and territories from the real-time internet and cellular transactions. Jumio operates globally with workplaces in North America, Latin America, Europe, and the Asia Pacific. With this funding, Nice Hill Companions’ Nick Cayer and Matt Vettel will reportedly be a part of Centana Progress Companions and Millennium Know-how Worth Companions on Jumio’s Board of Administrators. Talking concerning the funding, Jumio CEO, Robert Prigge, acknowledged:

“Jumio’s improvements helped set up the identification verification market, and the necessity to set up somebody’s digital identification remotely has by no means been higher. Nick, Matt and the Nice Hill workforce carry super experience and a robust observe file of innovation and strategic management, so we’re excited to companion with them as we proceed to scale.”

Jumio went on so as to add that the funding will speed up the corporate’s important world lead within the digital identification house by devoting extra assets to automate its identification verification options, develop the breadth of the Jumio KYX Platform and develop its suite of AML compliance companies.