Jumio established “well over $200 million in bookings” during the 2022 fiscal year, the company has announced, asserting that it is the first identity proofing vendor to have attained the feat.
The company has been benefitting from growing interest in remote identity verification solutions, and particularly those that revolve around a selfie-based biometric approach. For its part, Jumio has sought to build a comprehensive, end-to-end identity proofing platform, and reinforced it last year with its acquisition of 4Stop, a German startup specializing in global data sourcing.
Jumio’s efforts to build and refine its platform have led to booming business, with the company noting in its update that Q4 of 2022 saw the close of the largest deal in its history.
“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,” commented CEO Robert Prigge. “This allows us to further accelerate our investment in Jumio’s core technology and innovation in our ongoing mission to eradicate online fraud worldwide.”
Other highlights from Jumio’s corporate update for 2022 include the appointment last May of Susan Walker as the company’s Chief Financial Officer, following the appointment of Stuart Wells as CTO in April; as well as having been named a Representative Vendor for the fourth consecutive time in the Gartner Market Guide for Identity Proofing and Affirmation.
Jumio’s 2023 is off to a strong start as well. Near the start of the month, the company announced that GetGo, a car-sharing service in Singapore, had opted to use its selfie-based onboarding system for customer verification.
(Originally posted on FindBiometrics)