Prove Identity, a digital identity solutions provider, has announced a $40 million funding round led by MassMutual Ventures and Capital One Ventures.
The new funding, supported by over 40% new international customer growth year to date, reinforces Prove’s position as the global leader in the digital identity verification and authentication market.
The funds will be used to launch new commerce enablement and fraud-fighting use cases, continue Prove’s global expansion, and address the evolving threats faced by all public and private institutions operating in the digital economy.
“As our daily lives become increasingly digital, Prove’s mission is to be the global standard for fast, secure, and privacy-first digital identity,”
said Rodger Desai, Co-Founder and Chief Executive Officer of Prove
“This funding will further our work toward comprehensive digital identity solutions that secure the future for all.”
Within the past year, the company announced partnerships with Visa, FanDuel, and Experian; launched Prove Auth℠, a solution for passwordless login and omnichannel authentication; opened its India Engineering & Technology Hub; announced a partnership in the Brazil market with e-Safer; and was honored by Deloitte as one of the fastest-growing companies in North America for the sixth consecutive year.
Featured image credit: Rodger Desai, Co-Founder and Chief Executive Officer of Prove