XConnect, a provider of numbering intelligence solutions, has acquired mobile identity company Sekura.id in a strategic move to expand its global identity verification and fraud prevention capabilities. The acquisition comes at a time when the mobile identity API market is projected to grow from $2.4 billion to $22 billion by 2029, highlighting the increasing demand for robust authentication solutions.
The acquisition, completed on April 1, 2025, combines XConnect’s numbering intelligence services with Sekura.id’s mobile identity platform, which currently reaches 2.5 billion people through 75 connected operators worldwide. Sekura.id has been making significant strides in the mobile identity space, recently strengthening its leadership team to advance its technological initiatives in Open Gateway innovation.
Through this integration, XConnect will enhance its portfolio with Sekura.id’s mobile ID verification and authentication solutions, including Know Your Customer (KYC), Number Verify, and additional authentication APIs. The combined offering aims to serve telecommunications companies, Communications Platform as a Service (CPaaS) providers, and identity verification vendors with expanded fraud prevention capabilities. The integration is particularly relevant as organizations worldwide face increasing challenges with mobile banking fraud and digital identity theft.
“Joining XConnect is a logical next step for our business and a massive opportunity to innovate and grow together,” said Mark Harvey, CEO of Sekura.id. “Together, we can serve new and growing demand and bring trust and simplicity to authentication, verification, and anti-fraud solutions.”
XConnect provides network and subscriber information services to mobile network operators, business messaging hubs, CPaaS companies, aggregators, carriers, and interconnect providers. The company’s services support recent industry trends, such as the implementation of specialized numbering systems for fraud prevention in financial services. Sekura.id’s Uniti platform delivers real-time authentication and fraud prevention solutions across six continents, complementing the growing ecosystem of mobile identity verification services in the CPaaS sector.
Sources: UK Tech Exits News, FinSMEs, Global Security Magazine, Global Security Magazine, Capacity Media
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