Zumigo Inc.

regtechauthentication and fraud prevention

FOUNDING YEAR: 2008
LOCATION: United States
Last Update: 04/02/2021

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About

Zumigo is the leading provider of authoritative mobile identity information to seamlessly verify authentic users while preventing fraudsters from creating fake accounts, stealing user credentials, impersonating valid customers and completing costly transactions.Zumigo is backed by some of the leading VCs including Aligned Partners, Wells Fargo Ventures, Intel Capital, and Capital One Growth Ventures.

MEDICI Analysis

Zumigo leverages mobile network data to secure financial transactions, identify devices, authenticate access, validate device ownership.

Focus

PRODUCTS & SERVICES

Zumigo provides hosted applications and services for the mobile industry. It offers location access solutions, with its APIs to access location data; Zumigo location platform, a hosted solution that provides location applications, which include locate mobile devices, verifying the mobile devices, search enablement solutions, mobile marketing and commerce solutions, social networking context enablement solutions, workforce tracking solutions, and mobile messaging and alerts.

MAIN CLIENTS

Retail merchants & banks

EXISTING PARTNERSHIPS

HDFC Bank

NPCI

Equifax

AlwaysOn

Clarity Services

Intel

Credit Bureau Equifax Inc

COMMENT

Platform to provide non-invasive security solution to verify the consumer via their real-time mobile phone location in relation to the transaction.

Traction

VALUATION / MARKET CAP:

$40 M in 2015

COMPANY TYPE:

For Profit

People

FOUNDERS

Partha Chowdhury

BOARD MEMBERS AND ADVISORS

Susan Mason

Keith Angelo

Chirag Bakshi

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Aligned Partners

Intel Capital

Wells Fargo Startup Accelerator

KEY EMPLOYEES:

Chirag Bakshi

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

3

TOTAL FUNDING

$7.72 M

DATE OF LAST FUNDING

Aug 2014

IPO STATUS

Private

ESTIMETED REVENUE RANGE

$1M to $10M

SEED & PRIOR FUNDING

$420 K

SEED CLOSED ON

Dec 2010

FUNDING SERIES

SERIES A  · $1.3 M  · Jan 2013

SERIES B  · $6 M  · Aug 2014

LISTED

NO

company provided insights
Web Traffic

Web Traffic

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Innovation Programs

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