Juvo, a San Francisco, CA-based mobile identity scoring platform provider, received a strategic investment from Samsung Next.
The amount of the deal was not disclosed.
The investment will enable the company to expand its business reach and enable global mobile operators to accelerate migration to smartphones amongst prepaid mobile subscribers, offering access to digital financial services.
Led by Steve Polsky, founder and CEO, Juvo partners with mobile network operators to provide Identity Scoring technology that uses data science, machine learning, and game mechanics to create an identity-based relationship with anonymous prepaid users. Identity Scoring creates financial identities for users, providing ongoing access to mobile financial services to increase engagement and improve subscriber loyalty and revenue for mobile operators.
The company, which has offices in Miami, London, Buenos Aires, Manila, and Jakarta, has a reach of over 500 million subscribers across four continents in 25 countries.