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Jumio reports 60 percent revenue growth in Q1 2019

Categories Biometrics News  |  Trade Notes

Jumio announced today that revenue increased by 60 percent year-over-year in the first quarter of 2019. Q1 for Jumio also saw two new product launches, an expanded global footprint and significant award wins.

The new products are Jumio Authentication, a combined identity proofing ongoing authentication product for online transactions powered by FaceTec facial biometrics technology and Jumio Screening, a new fully automated anti-money laundering screening solution to reduce customer’s risk exposure and ease regulatory compliance by integrating the ComplyAdvantage dynamic financial crime risk database.

Jumio was also added to Fast Company’s 2019 list of the World’s Most Innovative Companies, named Market Leader in Compliance, Best Product in Biometrics and Best Product in Fraud Prevention by the 2019 InfoSec Awards and awarded Best Place to Work by Business Intelligence Group and one of the Best Places to Work in FinTech by SourceMedia.

In March Jumio established a new sales office in Brazil and appointed Samer Atassi as regional director.

“We’re off to a great start in 2019 with the addition of Jumio Authentication and Jumio Screening, which strengthen our product portfolio of AI-powered solutions to defend against account takeovers and sophisticated money laundering schemes,” said Robert Prigge, Jumio president. “These new products are a testament to our continued drive for cutting-edge innovation to help defend against these emerging threats.”

Prigge was promoted to president from chief revenue officer earlier this week.

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