Jumio Announces Record Quarter with 150% Growth Fueled by Financial Services, Mobile and Social
Jumio, the leading provider of AI-powered end-to-end identity verification and eKYC solutions, today announced that both sales and revenue grew over 150% in Q2 2021 from Q2 2020, fueled by an ongoing need for modern enterprises to know and trust that their online users are who they claim to be. 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.
Enabled by Jumio's acquisition of Beam Solutions' AML platform, the company also established all-time record sales for its end-to-end AML compliance solutions. Jumio processes over 20 million AML transactions monthly to help organizations that move money know their customers, detect suspicious activity, manage investigations and submit regulatory filings - all in the cloud.
"As almost all business is now remote-first, it is more important than ever to establish trust online," said Robert Prigge, Jumio CEO. "A comprehensive, AI-powered verification platform is key to accommodating our customers' explosive growth and helping them establish and maintain trust online."
Other notable achievements in the second quarter included:
When identity matters, trust Jumio. Jumio's mission is to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification and eKYC platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring.
Leveraging advanced technology including AI, biometrics, machine learning, liveness detection and automation, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC, AML and GDPR. Jumio has carried out more than 400 million verifications spanning over 200 countries and territories from real-time web and mobile transactions.
Based in Palo Alto (News - Alert), Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners.
For more information, please visit www.jumio.com.
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