Wire Stories

Jumio becomes first identity proofing vendor to exceed $200M in bookings

Achievement underscores that the identity market has now entered the mainstream


PALO ALTO, Calif.--(BUSINESS WIRE)--#AI--Jumio, the leading provider of automated, end-to-end identity proofing, risk assessment and eKYC solutions, today announced the record-breaking close to a successful 2022 in which Jumio became the first identity company to clear well over $200 million in bookings. Q4 also saw Jumio close both the largest new deal and the largest total deal in company history.

This record close to 2022 speaks to the sophistication of online business and the growing need for modern enterprises across all industries and geographies to truly know and trust their end users online.

“Jumio’s performance in 2022 and clearing $200 million in bookings speaks to the growth of the identity industry and also of our clear role as the leader in the space,” said Jumio CEO Robert Prigge. “Despite the extremely daunting global environment, we continue to manage our business closely and focus on execution so we can evolve with the climate, and it continues to pay off. This allows us to further accelerate our investment in Jumio’s core technology and innovation in our ongoing mission to eradicate online fraud worldwide.”

Other notable 2022 achievements include:

  • KYX Platform — In October, Jumio unveiled its extended KYX Platform, with an integrated orchestration hub benefiting from the company’s acquisition of 4Stop. One month earlier, Jumio achieved SOC2 Type 2 certification for the platform with zero exceptions, demonstrating Jumio’s long-standing commitment to maintaining the highest levels of security. The platform negates the need for point solutions by bringing together global data, risk signals, real-time analytics, actionable insights and a configurable rules engine to help businesses quickly and easily defend against fraud without compromising user experience.
  • Key Executive Hires — Susan Walker joined Jumio as chief financial officer in May, bringing more than 25 years of corporate, Wall Street and business strategy experience. Jumio CTO Stuart Wells joined in April after nearly a decade at FICO, where he served as executive vice president and chief product & technology officer.
  • Gartner Representative Vendor — Jumio was recognized as a Representative Vendor for the fourth consecutive time in the latest Gartner Market Guide for Identity Proofing and Affirmation, published in March. The Guide also lists Jumio among orchestration vendors that “connect to a range of identity proofing and affirmation vendors, as well as vendors focusing on fraud detection and user authentication.”

To learn more about Jumio and its award-winning, AI-powered solutions, visit jumio.com.

About Jumio

Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio KYX Platform provides advanced risk signals, identity proofing and compliance solutions that help you accurately establish, maintain and reassert trust.

Leveraging advanced technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions.

Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe, Asia Pacific and the Middle East 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 jumio.com.

Contacts

APAC Media Contact
Luke Nazir

FINN Partners

[email protected]
+65 8139 2504

U.S. Media Contact
Elena Philippou

10Fold Communications

[email protected]
925-639-0409

Europe Media Contact
Gemma Lingham

FleishmanHillard UK

[email protected]
+44-752-569-9347

LATAM Media Contact
Karina Durán

Nasci Comunicación

[email protected]
+52 55 5139 5482

To Top