Cover all your verification needs: ensure compliance, prevent fraud, and scale faster.
Job no longer available
Cover all your verification needs: ensure compliance, prevent fraud, and scale faster.
501-1000 employees
Job no longer available
501-1000 employees
To create a world where anyone—regardless of age, location, or computing skills—can securely access and use any service.
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Dec 2022
$30m
SERIES B
Sep 2020
$6m
SERIES A
Verification security is an evolving issue that, as businesses continue to digitise, many spend unnecessary amounts of time building the infrastructure for. Sumsub has built a global verification platform that helps remote workers and international employees securely log into their work accounts in a simple and secure manner.
The all-in-one verification platform is used by more than 2,000 companies to verify users and transactions. Sumsub has also developed a compliance-as-a-service platform, a first-of-its-kind application that helps companies adhere to AML regulations to “Know Your Customer” (KYC). Expanding from its one-size-fits-all verification service has reaped dividends for Sumsub, which enjoyed $30 million in Series B funding off the back of its compliance service launch in 2022.
Moving forward, Sumsub is looking strong within a competitive verification market. Its products are applicable to a range of industries within tech including fintech, gaming, and even rideshare apps. The latter is an especially lucrative market in Europe, with a recent survey suggesting that 43% of European drivers do not plan to own their own vehicles by 2025. This indicates that ridesharing is a particularly lucrative sector for Sumsub to tackle.
Steph
Company Specialist at Welcome to the Jungle