Jumio

Jumio

Identity verification and fraud prevention solutions

About Jumio

Simplify's Rating
Why Jumio is rated
B
Rated A on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Cybersecurity

Financial Services

Company Size

501-1,000

Company Stage

Growth Equity (Venture Capital)

Total Funding

$205.4M

Headquarters

Palo Alto, California

Founded

2010

Overview

Jumio provides identity verification and authentication solutions that help businesses prevent fraud and comply with regulations. Their technology uses artificial intelligence, facial recognition, and liveness detection to accurately verify identities. This process is crucial for industries like finance and online marketplaces, where verifying a person's identity is essential. Jumio stands out from competitors by offering a subscription-based service through a Software as a Service (SaaS) platform, which allows clients to easily integrate their solutions into existing systems. The main goal of Jumio is to streamline customer onboarding while minimizing fraud risk and ensuring compliance with laws.

Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for remote identity verification due to remote work trends.
  • Recognition as a Leader in the 2024 Gartner Magic Quadrant boosts market credibility.
  • Partnerships with LatticeFlow and Oscilar enhance AI-driven fraud detection capabilities.

What critics are saying

  • Generative AI tools enable fraudsters to create false identities, posing security risks.
  • Rising concerns about biometric system accuracy and ethical deployment may affect reputation.
  • EU AI Act compliance could increase operational costs and complexity for Jumio.

What makes Jumio unique

  • Jumio offers AI-driven identity verification with high accuracy and compliance capabilities.
  • The company provides multimodal biometric security, enhancing security and reducing bias.
  • Jumio's global reach spans over 200 countries, serving diverse industries.

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Funding

Total Funding

$205.4M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Growth Equity VC funding comparison data is currently unavailable. We're working to provide this information soon!
Growth Equity VC Funding Comparison
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Benefits

Health Insurance

Dental Insurance

Flexible Work Hours

401(k) Company Match

Growth & Insights and Company News

Headcount

6 month growth

-3%

1 year growth

-2%

2 year growth

-2%
PYMNTS
Apr 8th, 2025
Fraudsters Use Generative Ai Tools To Secure Remote Jobs

Generative AI tools are reportedly powering a new threat to companies: job seekers who aren’t who they say they are. Using artificial intelligence (AI) tools to create false profiles, photo IDs, employment histories and even deepfake videos for interviews, these fraudsters aim to secure remote jobs, CNBC reported Tuesday (April 8). In these jobs, they can then steal the company’s data, trade secrets or funds; install malware and then demand a ransom; or, in some cases, collect a salary that they can give to the North Korean government, according to the report

Asia Gaming Brief
Mar 5th, 2025
Jumio highlights eKYC compliance at ASEAN Gaming Summit to support Philippines gaming operators

Jumio, an online mobile payment and identity verification company that offers card and ID scanning and validation products for mobile and web transactions, is joining ASEAN Gaming Summit 2025 to showcase the latest trends and advancements in identity verification technology, emphasizing their innovative solutions for secure and seamless transactions in the gaming industry.

Hit Consultant
Jan 13th, 2025
The Role Of Multimodal Security In Protecting Critical Healthcare Data

Philipp Pointner, Chief of Digital Identity at JumioHealthcare organizations face an increasingly sophisticated array of threats, including AI-generated attacks like deepfakes. These attacks target critical healthcare data, putting patient safety and institutional integrity at risk. Traditional identity security measures, such as the use of password authentication, while foundational, are no longer sufficient to address these challenges. As biometrics become more pivotal in digital interactions across industries, concerns about accuracy, inclusivity, and ethical deployment have risen to the forefront. Multimodal security, which leverages multiple biometric recognition technologies, offers a robust and inclusive solution to these challenges. By combining facial recognition, fingerprinting, and voice authentication, multimodal systems enhance security, minimize bias, and protect sensitive healthcare data. The Challenges of Healthcare Data SecurityThe healthcare sector faces unique vulnerabilities as cybercriminals continue to target patient data. As healthcare professionals know, patient data is one of the most valuable assets on the black market

FF News
Nov 12th, 2024
Jumio Announces Mike Nawrocki as Chief Revenue Officer

Jumio, the leading provider of automated, AI-driven identity verification, risk signals and compliance solutions, today announced the appointment of Mike Nawrocki as chief revenue officer.

PYMNTS
Nov 12th, 2024
Latticeflow Ai To Help Jumio Comply With Eu Ai Act

Jumio will leverage LatticeFlow AI’s AI platform to enhance the safety and robustness of the Jumio Platform. The Jumio Platform delivers automated, AI-driven identity verification, risk signals and compliance solutions, while LatticeFlow enables trustworthy AI systems, the companies said in a Thursday (Nov. 7) press release. The LatticeFlow AI Vision solution will validate model performance and reliability, with its computer vision capabilities helping Jumio improve model fairness, reduce fraud and meet emerging regulatory requirements, including those of the European Union’s (EU) Artificial Intelligence Act, according to the release

Recently Posted Jobs

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Product Owner

Bengaluru, Karnataka, India

Account Manager

Bengaluru, Karnataka, India

Information Security Officer - GRC

Bengaluru, Karnataka, India

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Jumio is Hiring for 23 Jobs on Simplify!

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Jumio is Hiring for 23 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Jumio's jobs every few hours, so check again soon! Browse all jobs →

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