DZ
DefZone.Net

Kien thuc cong nghe & giai tri

Wiki Article

Jumio

Nguồn dữ liệu từ Wikipedia, hiển thị bởi DefZone.Net

Xem trên WikipediaBài ngẫu nhiên khác
Not to be confused with Jumia.
Jumio
TypePrivate
IndustryIdentity verification services
Founded2016
Headquarters
Sunnyvale, California
,
USA
Number of locations
Sunnyvale, CA; Linz, Austria; Vienna, Austria; London, UK; Singapore; New York, NY; Montréal, QC, Canada; Jaipur, India; Bangalore, India; Lenexa, KS
Key people
  • Mark Lorion (CEO)
  • Bala Kumar (President/CPTO)
  • Mike Nawrocki (CRO)
  • Igor Beckerman (CFO)
https://www.jumio.com/about/leadership/
ServicesIdentity Verification Services
Websitewww.jumio.com

Jumio is an online mobile payment and identity verification company that offers card and ID scanning and validation products for mobile and web transactions.[1][2] They sell these products under the brand name "Netverify Trusted Identity as a Service."

History

[edit]

Jumio Corporation was founded in May 2016 with backing from Centana Growth Partners after Jumio Inc. (founded in 2010) was sold. [3]

Since its incorporation, Jumio experienced significant growth, with annual recurring revenues increase 289% from $18 million in Q2 2017 to $70 million in Q2 2019.

During the COVID-19 pandemic in 2020, Jumio added more customers in Q2 2020 than any other quarter since its founding, with business growing by more than 100% year-over year.[4]

The company continued its upward trajectory, raising $150 million in March 2021 and hitting a record breaking close, growing their revenue 130% from Q4 2020 to Q4 2021. [5]

In 2022, Jumio become the first identity verification company to clear $200 million in bookings.[6]

[edit]

When Jumio declared bankruptcy, a shareholder filed a lawsuit against Eduardo Saverin, one of the company’s backers, and other former executives for gross mismanagement of the company’s finances. A spokesperson for Saverin stated that the lawsuit had "no merit."[7]

In 2019, the Securities and Exchange Commission charged Mattes with defrauding investors. Mattes agreed to settle the charges for over $17 million. According to the SEC complaint, Mattes had grossly overstated Jumio's revenue in 2013 and 2014 and then sold his personal shares to investors for $14 million, concealing these sales from the board. In 2015, the company corrected its financial results and filed for bankruptcy in 2016.[8]

Around the same time, the SEC settled a separate case against Chad Starkey, former CFO of Jumio, for his involvement in Mattes's actions. The settlement required Starkey to make a payment of approximately $420,000.[9] In February 2023, Jumio faced litigation as the provider of Binance's biometric services. An Illinois resident claimed that Jumio violated the state's Biometric Information Privacy Act (BIPA), by collecting and storing the biometric data of Binance customers. Jumio sought to have the case dismissed, but a judge ruled that the case had merit.[10]

Awards

[edit]

In 2021, Jumio won Gold in the IT World Awards.[11]

In 2022, the Jumio Platform won Gold or Fraud Prevention in the 2022 Cyber Security Global Excellence Awards.[12]

In 2023, the Jumio Platform was awarded the Best Fraud Prevention Solution in the 2023 Tech Ascension Awards.[13]

In 2024, Jumio won the Globee Awards for Cybersecurity.[14]

In 2024, Jumio was named an Identity Verification Market Leader in the 12th Annual Global InfoSec Awards.[15]

References

[edit]
  1. ^ Perez, Sarah. "Jumio Turns Webcams Into Credit Card Readers, on Desktop and Mobile". New York Times. Retrieved 12 November 2013.
  2. ^ Wauters, Robin (21 February 2013). "Jumio debuts real-time ID verification solution Netverify for Android apps". The Next Web. Retrieved 12 November 2013.
  3. ^ "Jumio Reaches Agreement to Be Acquired By Centana Growth Partners". Jumio: End-to-End ID, Identity Verification and AML Solutions. Retrieved 2026-06-08.
  4. ^ Perala, Alex (2020-10-15). "Jumio Declares Best Sales Quarter in Company History". ID Tech. Retrieved 2026-06-08.
  5. ^ Penn, David (2021-03-23). "Jumio Makes History with $150 Million Investment in Digital Identity". Finovate. Retrieved 2026-06-08.
  6. ^ Burt, Chris (2023-01-20). "Jumio wins race among identity verification providers to $200 million in bookings | Biometric Update". www.biometricupdate.com. Retrieved 2026-06-08.
  7. ^ Savchuk, Katia. "Investor Sues Billionaire Eduardo Saverin Over Jumio Bankruptcy". Forbes. Retrieved 2023-11-29.
  8. ^ "SEC.gov | SEC Charges Former CEO of Silicon Valley Startup With Defrauding Investors". www.sec.gov. Retrieved 2023-11-29.
  9. ^ "SEC.gov | SEC Charges Former CEO of Silicon Valley Startup With Defrauding Investors". www.sec.gov. Retrieved 2023-11-29.
  10. ^ "Binance Software Provider Jumio Must Face Biometric Privacy Suit". news.bloomberglaw.com. Retrieved 2023-11-29.
  11. ^ Burt, Chris (2021-06-24). "Amid awards for biometrics providers, Marinus Analytics takes cash prize | Biometric Update". www.biometricupdate.com. Retrieved 2025-06-09.
  12. ^ Awards, Globee (2023-05-26). "2022 Winners | Cybersecurity". Globee® Business Awards. Retrieved 2026-06-02.
  13. ^ "FinTech Award Winners 2023 | Tech Ascension Awards". Tech Ascension Award. Retrieved 2026-06-02.
  14. ^ "AI-Powered Jumio Platform Wins Gold for Identity Proofing and Corroboration in the 2024 Globee Awards for Cybersecurity". financialpost. Archived from the original on 2024-05-09. Retrieved 2025-06-09.
  15. ^ "GLOBAL INFOSEC AWARDS FOR 2024 WINNERS BY COMPANY | Cyber Defense Awards". cyberdefenseawards.com. Retrieved 2026-06-02.