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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Jumio raises $150M to secure onboarding with image verification AI

Jumio logo

Jumio, an AI platform that offers identity verification as a service, today announced the closure of an over $150 million fundraising round, bringing its total raised to $163 million. The company, which claims the tranche is among the largest ever for an identity verification startup, plans to put the capital toward hiring and expanding its customer base.

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