Socure lands $95m credit facility from JP Morgan, SVB and KeyBanc
CEO Johnny Ayers says the firm plans to invest in “new solutions, verticals, and strategic acquisitions”.
CEO Johnny Ayers says the firm plans to invest in “new solutions, verticals, and strategic acquisitions”.
We chat with Johnny Ayers, CEO of Socure, about how firms can tackle synthetic identity fraud.
The fintech plans to use the cash to develop new products, enter new markets and hire more staff.
Digital identity firm to put cash towards new product lines.
The start-up was co-founded back in 2012.
The Series C round takes the company’s total funding to $57.5 million.
New account conversions grew by 30%, and manual review is a process of the past – reduced by 95%.
Named after the world’s first computer scientist, Ada Lovelace.
In a Series B round led by Commerce Ventures, digital identity verification specialist Socure raised $13.9 million in new funding. The investment, which also featured the participation of Flint Capital, Santander InnoVentures, Synchrony Financial, Two Sigma Ventures, and Workbench, takes Socure’s total funding to $27.5 million.