USD 35mln raised by Socure for digital identity verification and fraud prevention

The reason behind this is also to facilitate its machine learning capabilities, and further its identity fraud elimination mission. The investment round was led by Sorenson Ventures, with existing investors Commerce Ventures, Scale Venture Partners, and Flint Capital participating, along with new strategic investors Citi Ventures, Wells Fargo Strategic Capital, and MVB Financial Corp.

Biometric Update reports that Socure recently launched a module for document checking and biometric selfie capabilities with liveness detection to help financial institutions and other organisations meet toughening regulations and prevent sophisticated fraud attacks.