Identity proofing firm AuthenticID announces $100m minority growth investment from Long Ridge Investment

Authentic ID

AuthenticID recently announced a $100 million minority growth investment that has been led by Long Ridge Investment. The investment will be directed towards supporting AuthenticID’s ongoing innovation in automated identity proofing as well as the firm’s market expansion efforts.

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AI enhanced ID Verification, eKYC service Provider Jumio reports 150% revenue growth in Q2 2021

Jumio

Jumio, an established provider of AI-enhanced end-to-end identity verification and eKYC services, reveals that its sales and revenue increased more than 150% during Q2 2021 when compared to Q2 2020. The growth has reportedly been fueled by “an ongoing need for modern enterprises to know and trust that their online users are who they claim to be.” As noted in a release shared with CI, this is “evidenced by the large growth seen in financial services, mobile delivery services and social platforms verifying everyone from customers to employees to influencers.”

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