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Jumio secures USD 150 mln from Great Hill Partners

Tuesday 23 March 2021 14:03 CET | News

Jumio, a provider of AI-powered identity verification and eKYC solutions, has secured a USD 150 million investment from Great Hill Partners.

The investment will help Jumio devoting additional resources to automate its identity verification solutions, expand the breadth of the Jumio KYX Platform, and grow its suite of AML compliance services. Jumio brings its document-centric identity approach to blue-chip companies across the telehealth, financial services, online gaming, and social media spaces.

In September 2020, Jumio launched the KYX Platform, which combines data from a variety of sources to build a digital profile of online users. Later that month, Jumio acquired the AML platform from Beam Solutions, a startup focused on transaction monitoring, case management and KYC. 


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Keywords: identity verification, KYC, funding, artificial intelligence, data, digital identity, AML
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime