Socure, a NYC-based platform for digital identity trust, received a strategic investment from Capital One Ventures, the venture arm of McLean, Virginia-based Capital One Financial Corporation.
The financial terms of the deal – follows Socure’s $100m Series D raise led by Accel in March 2021 – were not disclosed.
The company intends to use the funds to expand across every consumer-facing vertical, including financial services, online gaming, healthcare, telco, e-commerce, on-demand services, and more, and actively recruit talent worldwide.
Led by Johnny Ayers, Founder and CEO, Socure is a digital identity trust platform that applies artificial intelligence and machine learning techniques with trusted 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 400 customers across the financial services, gaming, telecom, and e-commerce industries, including three of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, and over 100 of the largest and most successful FinTechs. Customers include Chime, Varo Money, Public, Stash, and DraftKings. Investors include Accel, Commerce Ventures, Scale Venture Partners, Flint Capital, Capital One Ventures, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.