eKYC Firm Jumio Posts Record Quarter With 150% Growth in the Past Year

eKYC Firm Jumio Posts Record Quarter With 150% Growth in the Past Year

by July 21, 2021
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Jumio, a provider of AI-powered end-to-end identity verification and eKYC solutions, announced that both its sales and revenue grew over 150% in Q2 2021 from Q2 2020.

This is evidenced by the large growth seen in financial services, mobile delivery services and social platforms verifying everyone from customers to employees to influencers.

Enabled by Jumio’s acquisition of Beam Solutions’ AML platform, the company also said that it had established all-time record sales for its end-to-end AML compliance solutions.

According to a statement by Jumio, the firm processes over 20 million AML transactions monthly to help organisations that move money know their customers, detect suspicious activity, manage investigations and submit regulatory filings, all in the cloud.



Jumio had also added and expanded a significant number of key partnerships in the second quarter, including Microsoft, Copper River IT, Australia’s National Crime Check and Veridium.

Robert Prigge, CEO of Jumio 150% Growth

Robert Prigge

“As almost all business is now remote-first, it is more important than ever to establish trust online.

 

A comprehensive, AI-powered verification platform is key to accommodating our customers’ explosive growth and helping them establish and maintain trust online.”

said Robert Prigge, CEO of Jumio.

 

Featured image credit: edited from Background vector created by rawpixel.com – www.freepik.com

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