Jumio

regtechauthentication and fraud prevention

STATUS: Acquired/Merged
FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Jumio was acquired by Centana Growth Partners on May 6, 2016.

Focus

PRODUCTS & SERVICES

Jumio offers NetVerify Identity Solutions that include: ID Document Verification: The platform fuses artificial intelligence, computer vision, and ID experts to determine the authenticity of an ID document. The NetVerify ID verification platform can be easily integrated with a company’s existing workflows via a simple API call. Identity Verification: It leverages biometric facial recognition, liveness detection, and live verification experts to compare a selfie to the picture on the ID supplied. It conducts three different types of checks for the authentication process like eyeball tracking (users have to follow an icon on the mobile screen with their eyes as it moves in a random pattern), validity check (authenticity of selfie), and similarity check (match with the user’s selfie). Document Verification: NetVerfiy Document verification enables users to perform a high-quality scan through their smartphone in order to acquire, extract, and verify data from the documents such as utility and bank statements.

REVENUE MODEL

Software-as-a-service revenue model

MAIN CLIENTS

United Airlines

Airbnb

EasyJet

Entropay

Gyft.com

Mr. Green

yobetit.com

Betfair

EXISTING PARTNERSHIPS

TJP Advisory & Management Services

Traction

VALUATION / MARKET CAP:

$192.31 M in 2015

People

FOUNDERS

Daniel Mattes

BOARD MEMBERS AND ADVISORS

Thomas Kastenhofer

Chad Starkey

Scott Weiss

Eduardo Saverin

Ramneek Gupta

Peng T. Ong

Zain Khan

Mark Britto

Maarten Linthorst

Kishore Ganji

NUMBER OF EMPLOYEES

201-500

INVESTORS:

Andreesen Horowitz

Andreessen Horowitz

Centana Growth Partners

Citi Ventures

Eduardo Saverin

Kishor Ganji

Millennium Technology Value Partners

SharesPost Investment Management

Momentum

FUNDED

YES

TOTAL FUNDING

$24.85 M

DATE OF LAST FUNDING

Aug 2016

TOTAL FUNDING COMMENT

Debt financing: $3.7 M(2016) & Total venture funding: $16.37 M(2016)

FUNDING SERIES

SERIES A  · $6.5 M  · Mar 2011

SERIES B  · $3.35 M  · May 2012

OTHERS  · $15 M · Aug 2016

DEBT FUNDING

$3.7 M

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp