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Jumio

Facial Recognition
Identity & Access Management
Product stageSegments
Growth
?
Access Control and Verification
?

Jumio offers an AI-based identity verification and electronic know your customer (eKYC) platform. Jumio helps companies to combat fraud and financial crime, onboard trustworthy customers, and ensure compliance with regulations such as and general data protection regulation (GDPR). Its products include ID verification, identity verification, document verification, and video verification.

Jumio uses a proprietary mix of AI, ML, and biometrics like facial recognition to perform verification and authentication tests. For example, it checks whether an ID produced online is authentic and valid, checks whether the person holding the ID is the same person shown in the ID, and checks for liveness to identify whether the person holding the ID was physically present during the transaction. Users are required to take a selfie from any device and create a biometric template. This template is then used by Jumio’s platform to provide scores on validity/liveness and similarity with produced IDs and documents. 

In December 2021, Jumio acquired 4Stop, a company offering compliance and fraud prevention technologies, to integrate its data marketplace and orchestration capabilities.

Key customers and partnerships

Jumio’s customers include Bank ABC, Paysafe, WeWork, Airbnb, easyJet, Novibet, EverUp, GetGo, Modyo, and Monzo. Jumio has entered into distributor partnerships with Cuberlinx and Netpoleon. Its technology partners included Microsoft, iProov, Fountain, Mambu, and Nucoro as of May 2023.

In October 2023 , Jumio expanded its partnership with NextWealth, a data services provider, to obtain identity verification services, improving service quality for customers.  

Funding and financials

Jumio raised USD 150 million in funding from Great Hill Partners. The company intended to use the funds to introduce more tools on its platform and to expand the customer base. In 2022, the company recorded more than USD 200 million in bookings driven by the advancements in online businesses.

Facial Recognition

Facial Recognition

Key stats
Featured companies
69
Total funding (USD)
2.6 Bn
Total addressable market (USD)
5.5 Bn
Key competitors
 
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Product Overview
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Product Metrics
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Company profile
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Recent Updates

Partnerships
Oct 9, 2023
Jumio partners with NextWealth to expand AI-driven digital trust solutions
Facial Recognition

Company Brief


HQ location:
395 Page Mill Road Suite 150 Palo Alto CA USA
Founded year:
2016
Employees:
501-1,000
Total Funding:
USD 205.4 million
Last Funding
USD 150.0 million, Mar 2021

Funding


Investors


No investor data is available

Funding data are powered by Crunchbase
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