Socure, an Incline Village, NV-based provider of digital identity verification and fraud solutions, raised $95M in credit facility.
The financing was provided by J.P. Morgan, Silicon Valley Bank, and KeyBanc Capital Markets.
The company intends to use the funds to further strengthen its financial position.
Led by CEO and founder Johnny Ayers, Socure is a platform for digital identity verification and trust. The predictive analytics platform applies artificial intelligence and machine learning techniques with online/offline data intelligence from physical government-issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time. The company has more than 1,500 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, 13 of the top 15 card issuers, the top three MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top Buy Now, Pay Later (BNPL) providers, and over 250 of the largest fintechs. Customers include Chime, SoFi, Robinhood, Gusto, Public, Poshmark, Stash, DraftKings, State of California, and Florida’s Homeowner Assistance Fund.
FinSMEs
08/03/2023