Prove

Prove

Enterprise identity verification and authentication

Overview

Prove provides identity verification and authentication services for cybersecurity and fintech, serving over 1,000 enterprise customers and 500 banks worldwide. It uses omni-channel, passive authenticators across mobile, web, call centers, and chat to verify identities without interrupting user flow. The product follows a privacy-first approach with decentralized data architecture and identity tokenization to limit data collection and user consent. Its goal is to secure digital transactions for financial institutions and enterprises by delivering scalable, privacy-preserving identity verification across all channels.

About Prove

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

Industries

Fintech

Cybersecurity

Financial Services

Company Size

1-10

Company Stage

Late Stage VC

Total Funding

$257.6M

Headquarters

New York City, New York

Founded

2008

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Simplify's Take

What believers are saying

  • September 30, 2026 Wi-Fi and mobile-web silent authentication removes Prove's biggest coverage gap.
  • August 13, 2026 Blend cut application drop-off 16% using Prove Pre-Fill, proving ROI.
  • May 26, 2026 Ownera and June 2026 Spinwheel expand Prove into tokenized assets and AI workflows.

What critics are saying

  • Okta, Socure, and LexisNexis crowd Prove's enterprise deals, compressing pricing and renewal leverage.
  • Agentic-AI identity remains unproven; if banks reject it, April 2026 platform messaging loses traction.
  • Carrier-signal dependence risks platform fragility if Apple, Google, or telecom policies restrict access.

What makes Prove unique

  • Prove's phone-centric identity graph spans 10 billion devices and 2.5 billion identities.
  • April 22, 2026 Prove Identity Platform unifies verification, authentication, fraud, and AI-agent trust.
  • Prove says 19 of 20 top U.S. banks use its carrier-grade authentication.

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Funding

Total Funding

$257.6M

Above

Industry Average

Funded Over

10 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Dental, Vision, Health, & Life Insurance

Well-Being Reimbursement

401K / Retirement Plan

PTO / Vacation Policy

Paid Holidays

Maternity / Paternity Leave

Company News

Associated Press
Sep 30th, 2026
Prove brings silent authentication to Wi-Fi and mobile web, surpasses 10B annual authentications

Prove has expanded its SIM-based authentication capabilities to cover Wi-Fi and mobile web environments, addressing a longstanding limitation in silent authentication. The company, which processes over 10 billion authentications annually, can now verify device possession cryptographically even when users are not connected to mobile networks. Traditional silent authentication required a direct mobile network connection, forcing businesses to use SMS one-time passcodes when customers switched to Wi-Fi or certain browser-based experiences. Prove's enhanced technology eliminates this dependency, allowing seamless authentication across more digital interactions. The advancement is integrated into Prove Unified Authentication and extends to Prove Pre-Fill, which auto-populates identity information during account opening. Prove customers have already reduced SMS OTP costs by up to 50 percent. The company serves 19 of the top 20 US banks and processes more than 27 million authentications daily.

Associated Press
May 26th, 2026
Ownera integrates Prove's identity verification into SuperApps Platform for tokenized asset trading

Ownera, a UK fintech specialising in digital asset interoperability, has integrated Prove's identity verification and authentication solutions into its SuperApps Platform, making them available to all institutions on the FinP2P network. The integration addresses a critical bottleneck in tokenised asset markets, where onboarding a single institutional counterparty costs between $2,500 and $25,000 and takes an average of 90 days. Industry estimates suggest 30–50% of this spend represents duplicated work across custodians, transfer agents and trading venues. Prove's privacy-preserving identity infrastructure enables institutions to verify counterparties seamlessly across platforms and transactions. The SuperApp deployment means financial institutions can access these capabilities without requiring bespoke bilateral integrations, strengthening the network for all participants whilst maintaining institutional-grade security and compliance standards.

Business Wire
May 13th, 2026
Spinwheel launches Credit Data AI Lab with Prove to develop agentic AI solutions for financial institutions

Spinwheel, an Oakland-based consumer credit data company, has launched a Credit Data AI Lab to help financial institutions and fintechs develop agentic AI solutions using permissioned credit data. Prove has joined as a founding partner, providing identity verification capabilities. The lab offers access to real-time consumer credit data, AI tools, compliance frameworks and security guardrails specifically designed for financial services. Through its partnership with Prove's identity platform, the lab enables organisations to build AI solutions that can act on behalf of consumers with verified authentication. Spinwheel is already working with a digital marketplace lender on the lab's first use case: creating AI-configured loan application funnels. Founded in 2019, Spinwheel serves over 15 million users and has facilitated $1.5 trillion in connected debt across its network.

Associated Press
Apr 22nd, 2026
Prove launches identity platform to verify people, businesses and AI agents in real time

Prove has launched the Prove Identity Platform, a unified system that transforms identity verification from a one-time event into a persistent foundation of trust for people, businesses and AI agents. The platform addresses growing concerns around agentic commerce, where AI agents initiate transactions on behalf of users. The platform includes three core components: Prove Key Management for adaptive authentication, Prove Identity Manager for proactive identity monitoring, and Prove Global Fraud Policy for advanced fraud protection. It is built on 12 years of authenticated identity history covering 90% of the world's digitally active adults. Prove has also expanded its agentic solution suite, embedding cryptographically signed consent into identity tokens. The platform now powers all of Prove's solutions and is trusted by 19 of the top 20 US banks.

Business Wire
Apr 2nd, 2026
Prove invests $5M to expand Ireland R&D hub and create 50 jobs

Prove, a digital identity company, is expanding its Ireland operations with a $5 million investment and plans to create 50 jobs. The Dublin hub has grown local headcount by 50% in the past six months and will support global product development. Since establishing operations in Ireland in 2022, Prove's Ireland-based teams have contributed to launching several solutions, including Prove Unified Authentication, ProveX and Prove Verified Agent. The technology supports thousands of enterprises globally, including major banks and fintechs. The expansion is supported by IDA Ireland, the country's foreign direct investment agency. New roles will span product, software engineering, research and development, and data science. Ireland will remain central to Prove's strategy for advancing identity verification solutions and serving its growing international customer base.

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