Socure, a NYC-based digital identity trust company, raised $100m in Series D funding.
The round, which brought total funding to $196m, was led by Sorenson Ventures, was led by Accel, with participation from existing investors Commerce Ventures, Scale Venture Partners, Flint Capital, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.
The company intends to use the funds for the expansion across every consumer-facing vertical including online gaming, healthcare, telco, e-commerce, and on-demand services, accelerate product innovation as its patent portfolio grows and hire talent. In conjunction with the funding, Amit Jhawar, Partner at Accel and former General Manager of Venmo, will join the board of directors at Socure.
Led by Johnny Ayers, Co-founder and CEO, Socure provides a predictive analytics platform that applies artificial intelligence and machine-learning techniques with online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real-time. The company has more than 350 customers across the financial services, gaming, telecom, and eCommerce industries, including three top five banks, six top 10 card issuers, three top MSBs, multiple tier one payroll providers, the top credit bureau, and over 75 of the largest fintechs such as Varo Money, Public, Chime, and Stash.