Today Prove Identity announced it secured $40 million in a round led by MassMutual Ventures and Capital One Ventures. The new funding is supported by over 40 percent new international customer growth year to date, according to a statement from the company.
Prove says it will use the funds to launch new commerce enablement and fraud-fighting use cases, address evolving threats in the digital economy and expand globally.
Prove’s identity verification platform leverages mobile phones to enable seamless, secure consumer experiences. Its clients include top banks, cryptocurrency exchanges, retailers, healthcare and insurance companies. This announcement follows on the heels of Prove appointing new chief legal officer, Mitch Bompey, to the company’s leadership team.
