Digital ID specialist Prove Identity has raised $40 million in a funding round led by MassMutual Ventures and Capital One Ventures.
Prove’s identity verification and authentication platform is used by nine of the top 10 US banks, two of the top three global cryptocurrency exchanges and a host of insurance giants.
The firm has recently struck deals with Visa and Experian and launched a tool for passwordless login and omnichannel authentication;
The new funding will be used to launch new commerce enablement and fraud-fighting use cases and to push global expansion.
Rodger Desai, CEO, Prove, says: “As our daily lives become increasingly digital, Prove's mission is to be the global standard for fast, secure, and privacy-first digital identity.
“This funding will further our work toward comprehensive digital identity solutions that secure the future for all.”