FB pixel

Jumio wins race among identity verification providers to $200 million in bookings

Categories Biometrics News  |  Trade Notes
Jumio wins race among identity verification providers to $200 million in bookings

Jumio has surpassed $200 million in bookings for its selfie biometrics, identity proofing and risk assessment solutions. The company says it is the first in the space to reach the bookings milestone.

The largest new deal and the largest total deal booked by Jumio so far both came in the fourth quarter of 2022, according to the announcement.

The company states that the strong close of last year indicates the growing sophistication of online businesses and the need for all enterprises to know and trust their online users.

“Jumio’s performance in 2022 and clearing $200 million in bookings speaks to the growth of the identity industry and also of our clear role as the leader in the space,” says Jumio CEO Robert Prigge. “Despite the extremely daunting global environment, we continue to manage our business closely and focus on execution so we can evolve with the climate, and it continues to pay off. This allows us to further accelerate our investment in Jumio’s core technology and innovation in our ongoing mission to eradicate online fraud worldwide.”

Key achievements for Jumio in 2022 include the extension of its biometric KYX platform with more orchestration features, the achievement of SOC 2 Type II certification for the platform in September, and the appointment of two new C-level executives.

Jumio was also recognized as a Gartner Representative Vendor for identity proofing and affirmation for the fourth year in a row.

The announcement follows news of a reduction in Jumio’s headcount by over 100 employees.

Article Topics

 |   |   |   | 

Latest Biometrics News


Cryptomathic is Belgium’s digital wallet mobile app security provider

Tech from Cryptomathic has been deployed in Belgium’s digital identity wallet, one of the first to go live in the…


Bringing ethics into the discussion on digital identity

A panel at EIC 2024 addresses head-on a topic that lurks around the edges of many discussions of digital ID….


Kantara Initiative launches group devoted to deepfake injection attack threats

“It’s probably not as bad as this makes it seem,” says Andrew Hughes, VP of global standards for FaceTec and…


Seamfix CEO makes case for digital ID as unlocker of Africa’s growth potential

The co-founder and Chief Executive Officer of Seamfix, Chimezie Emewulu, has posited that digital identity and related services have the…


Nigeria’s digital ID authority unveils new measures to uphold data security

The National Identity Management Commission of Nigeria (NIMC) has outlined new measures that align with its push to make data…


Data Zoo, Metalenz, Precise, Token, Tools for Humanity add executives

A handful of biometrics and digital identity providers have announced leadership team updates including new finance and technology executives at…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events