Prove Identity
Founded Year
2008Stage
Series I | AliveTotal Raised
$261.3MValuation
$0000Last Raised
$40M | 1 yr agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+70 points in the past 30 days
About Prove Identity
Prove Identity operates as a digital identity authentication platform. It offers phone-centric solutions to enable businesses to verify customers while thwarting fraud and cyberattacks. Prove Identity was formerly known as Payfone. The company was founded in 2008 and is based in New York, New York.
Loading...
Prove Identity's Product Videos
ESPs containing Prove Identity
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The identity verification market focuses on providing technologies and processes to verify the identities of individuals in both online and offline interactions, as well as prevent identity fraud. These solutions cater to a wide variety of industries and include new account and also synthetic fraud prevention, which involve bad actors stealing all or part of a person’s information to open new acco…
Prove Identity named as Highflier among 15 other companies, including SAP, Onfido, and Ping Identity.
Prove Identity's Products & Differentiators
Prove Pre-Fill
Powered by Pinnacle™, Prove Pre-Fill® easily and securely expedites the digital onboarding process and improving consumer experience and reducing friction by pre-populating forms with verified identity information tied to authenticated identities. Consumers provide consent for Pre-Fill seamlessly to return verified name, address and other fields to pre-populate forms and ONLY the specified consumer will be able to autofill their info. For companies, Pre-Fill increases consumer acquisition, improves user experience, lowers costs, and mitigates fraud and the need for manual intervention/reviews.
Loading...
Research containing Prove Identity
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Prove Identity in 7 CB Insights research briefs, most recently on Mar 18, 2024.
Mar 14, 2024
The retail banking fraud & compliance market map
Jan 4, 2024
The core banking automation market map
Expert Collections containing Prove Identity
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Prove Identity is included in 11 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,248 items
Regtech
1,921 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
SMB Fintech
2,003 items
Conference Exhibitors
5,501 items
HLTH is a healthcare event bringing together startups and large companies from pharma, health insurance, business intelligence, and more to discuss the shifting landscape of healthcare
Payments
3,033 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Cybersecurity
9,332 items
These companies protect organizations from digital threats.
Prove Identity Patents
Prove Identity has filed 34 patents.
The 3 most popular patent topics include:
- wireless networking
- computer network security
- payment systems
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
12/29/2021 | 8/6/2024 | Wireless networking, Google services, Computer access control protocols, Videotelephony, Identity management | Grant |
Application Date | 12/29/2021 |
|---|---|
Grant Date | 8/6/2024 |
Title | |
Related Topics | Wireless networking, Google services, Computer access control protocols, Videotelephony, Identity management |
Status | Grant |
Latest Prove Identity News
Aug 8, 2024
Blockchain.com partners with Prove to accelerate KYC Thursday 8 August 2024 09:05 CET | News UK-based crypto platform Blockchain.com has integrated Prove Identity to enable instant and secure user verification. By integrating solutions from Prove, Blockchain.com Pay users can now complete their KYC verification in under 10 seconds initially only providing the last four digits of their Social Security Number and mobile phone number. This eliminates the need for time consuming methods such as scanning driving licenses, verification selfies, and proof of address documentation. Streamline crypto payments This partnership not only benefits individual users but also offers a significantly improved user experience for Blockchain.com Pay partners, including industry pioneers such as Exodus and MetaMask. With Blockchain.com Pay, companies can integrate crypto payments into their services with minimal code and take advantage of competitive fees, over 40 million already KYC’d Blockchain.com customers, and comprehensive customer support. Speaking on the integration, officials from Blockchain.com said Prove solutions transforms the KYC experience by focusing on speed, security, and simplicity. One of their highest priorities is to provide their users with an unparalleled experience, and with Prove, they are setting a new industry standard. This streamlined KYC flow is one of the latest features to be added to their all-in-one solution that includes fraud management, and customer support, which further distinguishes them from other competitors. What does Blockchain.com do? Blockchain.com is a global player in cryptocurrency financial services, offering a wide range of solutions including investments, an exchange, a wallet, and institutional markets. Known for trusted and easy-to-use products, Blockchain.com continues to empower users around the world to control their money. More information about Prove Prove solutions allow businesses and consumers to transact confidently and without barriers. They enable businesses to confidently distinguish between their legitimate users, as well as bots and deep fakes acting as humans. More than 1,000 businesses, including 9 of the top 10 US banks, rely on Prove to prevent fraud, improve customer experience, and boost revenue.
Prove Identity Frequently Asked Questions (FAQ)
When was Prove Identity founded?
Prove Identity was founded in 2008.
Where is Prove Identity's headquarters?
Prove Identity's headquarters is located at 245 Fifth Avenue, New York.
What is Prove Identity's latest funding round?
Prove Identity's latest funding round is Series I.
How much did Prove Identity raise?
Prove Identity raised a total of $261.3M.
Who are the investors of Prove Identity?
Investors of Prove Identity include MassMutual Ventures, Capital One Ventures, Stack Capital, Plug and Play Fintech Accelerator, Opus Capital and 25 more.
Who are Prove Identity's competitors?
Competitors of Prove Identity include Fourthline, ThetaRay, Socure, Veriff, Persona and 7 more.
What products does Prove Identity offer?
Prove Identity's products include Prove Pre-Fill and 3 more.
Who are Prove Identity's customers?
Customers of Prove Identity include Synchrony, Tabula Rasa, Binance, Varo and Bilt Rewards.
Loading...
Compare Prove Identity to Competitors
Socure focuses on digital identity verification and fraud prediction, operating within the technology and financial services sectors. The company offers a platform that uses artificial intelligence (AI) and machine learning (ML) to verify identities in real-time, analyzing various elements such as email, phone, address, and device risk. This service is primarily used by industries such as financial services, government, gaming, healthcare, telecom, and e-commerce. It was founded in 2012 and is based in Incline Village, Nevada.
Veriff develops an artificial intelligence (AI) driven visionary verification platform. It provides AI-powered identity verification solutions for identity fraud prevention, know-your-customer compliance, and fast conversions of valuable customers. It was founded in 2015 and is based in Tallinn, Estonia.
Sumsub is a company that focuses on online identity verification and orchestration services, operating in the technology and security sectors. The company offers a platform that allows businesses to verify users, businesses, and transactions, manage cases, and deter fraud, all from a single dashboard. Sumsub primarily serves sectors such as fintech, online gaming, and trading. It was founded in 2015 and is based in London, England.
Trulioo focuses on global online identity verification, operating within the technology and security sectors. The company offers services such as individual and business identity verification, watchlist screening, and identity document verification, all aimed at ensuring know-your-customer (KYC) and know-your-business (KYB) compliance. Trulioo primarily serves sectors such as banking, cryptocurrency, online trading, and wealth management. It was founded in 2011 and is based in Vancouver, British Columbia.
Persona specializes in identity management solutions. It focuses on the automation of Know Your Customer (KYC) and Know Your Business (KYB) programs and fraud prevention. It offers services that automate identity-related use cases, including the secure collection and verification of personal information, government identity documents (IDs), and user selfies, as well as providing tools for case review and orchestration to streamline identity operations. It serves businesses that need to comply with strict identity verification regulations, such as those in the online education and financial sectors. It was founded in 2018 and is based in San Francisco, California.
PXL Vision is a company that specializes in digital identity verification, operating within the technology and security sectors. The company offers automated identity verification solutions, which use artificial intelligence to check and verify ID documents from over 165 countries, providing a fast and efficient way for businesses to onboard customers and comply with Know Your Customer (KYC) regulations. PXL Vision primarily serves industries such as insurance, telecommunication, fintech & banking, healthcare, and e-commerce. It was founded in 2017 and is based in Zurich, Switzerland.
Loading...