Jumio
 | |
| Private | |
| Industry | Identity verification services |
| Founded | 2010 |
| Headquarters | Palo Alto California , USA |
Number of locations | Palo Alto, CA; Linz, Austria; Vienna, Austria; London, UK |
Key people | Stephen Stuut (CEO); Robert Prigge (CRO); James Cook (GC) |
| Services | Identity Verification Services |
| Website | www |
Jumio is an online mobile payments and identity verification company that provides card and ID scanning and validation products for mobile and web transactions,[1][2] which they sell as "Netverify Trusted Identity as a Service".
History[edit]
The company was founded in 2010 by Daniel Mattes, who was CEO until he resigned in April 2015 in conjunction with an internal board investigation.[3] In December 2015, Jumio informed its investors that financial results from 2013 and 2014 would be re-stated.[4]
In March 2016, the company stated that "Certain legacy issues combined with related government investigations and proceedings have made it difficult for Jumio to secure necessary funding for its operations." As a result, it was entering Chapter 11 restructuring proceedings.[5]
On May 6, 2016 Jumio was acquired by Centana Growth Partners, a private equity firm specializing in technology companies with a focus on financial services[6] Over its history, the company raised $36.7 million from investors including Citi Ventures, Andreessen Horowitz and others.[7]
References[edit]
- ^ Perez, Sarah. "Jumio Turns Webcams Into Credit Card Readers, on Desktop and Mobile". New York Times. Retrieved 12 November 2013.
- ^ Wauters, Robin. "Jumio debuts real-time ID verification solution Netverify for Android apps". The Next Web. Retrieved 12 November 2013.
- ^ "Exclusive: Jumio swaps CEOs after examining its books - Fortune". fortune.com. Retrieved 16 July 2016.
- ^ "Jumio Restates Financial Results for 2013 and 2014 - Digits - WSJ". blogs.wsj.com. Retrieved 16 July 2016.
- ^ "Jumio Announces Sale of Business - Jumio". jumio.com. Retrieved 16 July 2016.
- ^ "Jumio Reaches Agreement to Be Acquired by Centana Growth Partners | Business Wire". businesswire.com. Retrieved 16 July 2016.
- ^ "Jumio | CrunchBase". crunchbase.com. Retrieved 16 July 2016.