About Mitek
Mitek is a company based in San Diego (United States) founded in 1985. It operates as a SaaS (Software-as-a-Service), and Managed Services. The company has 630 employees as of September 30, 2024. Mitek has completed 5 acquisitions, including A2iA, HooYu and ICAR. Mitek offers products and services including MiVIP, MiPass, Digital Fraud Defender, Check Fraud Defender, and Mobile Deposit. Mitek operates in a competitive market with competitors including Signifyd, Onfido, ThreatMetrix, Riskified and Socure, among others.
- Headquarter San Diego, United States
- Employees 630 as on 30 Sep, 2024
- Stage Public
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Sectors
TechnologyIndustrial Goods & Manufacturing Financial Services
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Mitek Systems, Inc.
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Annual Revenue
$172.08 M-0.27as on Sep 30, 2024
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Net Profit
$3.28 M-59.16as on Sep 30, 2024
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EBITDA
$22.74 M-61.03as on Sep 30, 2024
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Latest Funding Round
$135 M (USD), Post-IPO
Feb 09, 2021
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Investors
The Benchmark Company
& 5 more
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Employee Count
630
as on Sep 30, 2024
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Investments & Acquisitions
A2iA
& 4 more
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IPO & Listings of Mitek
Mitek is a publicly listed company on the NASDAQ with ticker symbol MITK in USA, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Mitek
Mitek offers a comprehensive portfolio of products and services, including MiVIP, MiPass, Digital Fraud Defender, Check Fraud Defender, and Mobile Deposit. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Identity verification platform is provided for secure authentication.
Biometric authentication is offered for secure user access.
GenAI fraud detection is delivered for digital security.
Check fraud detection is provided to minimize losses.
Mobile check deposit is enabled for user convenience.
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Software Development Team
37 people
Leadership Team
15 people
Sales and Marketing
15 people
Finance and Accounting
8 people
Senior Team
8 people
Operations Team
4 people
Principal Team
4 people
Human Resources and Administration
4 people
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Funding Insights of Mitek
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $135.0M
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First Round
First Round
(14 Jun 2004)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2021 | Amount | Post-IPO - Mitek | Valuation |
investors |
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| May, 2018 | Amount | Post-IPO - Mitek | Valuation |
investors |
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| May, 2011 | Amount | Post-IPO - Mitek | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Mitek
Mitek has secured backing from 6 investors, including institutional investors. Prominent investors backing the company include The Benchmark Company, Jefferies and Harland Clarke. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Merger and acquisitions advisory services are provided across multiple sectors.
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Founded Year | Domain | Location | |
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Financial services are provided by William Blair to global clients.
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Founded Year | Domain | Location | |
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Full-service investment banking is provided across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mitek
Mitek has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include A2iA, HooYu and ICAR. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Biometric authentication and anti-spoofing software kits are developed and supplied.
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2016 | ||||
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Customer identities are verified through digital footprints and biometrics.
|
2010 | ||||
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Cloud-based mobile identity document verification and facial recognition solution
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2004 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Mitek
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Mitek Comparisons
Competitors of Mitek
Mitek operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Signifyd, Onfido, ThreatMetrix, Riskified and Socure, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of fraud prevention and payment validation for online retailers
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| domain | founded_year | HQ Location |
Identity verification solutions are provided, including document and biometric authentication.
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| domain | founded_year | HQ Location |
Fraud prevention and context based authentication solution
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| domain | founded_year | HQ Location |
AI-based fraud prevention for e-commerce payments is provided.
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| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
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| domain | founded_year | HQ Location |
Provides financial technology solutions for data analysis and verification globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Mitek
Frequently Asked Questions about Mitek
When was Mitek founded?
Mitek was founded in 1985 and raised its 1st funding round 19 years after it was founded.
Where is Mitek located?
Mitek is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
How many employees does Mitek have?
As of Sep 30, 2024, the latest employee count at Mitek is 630.
What is the annual revenue of Mitek?
Annual revenue of Mitek is $172.08M as on Sep 30, 2024.
What does Mitek do?
Mitek is established as a pioneer in digital fraud defense and identity verification solutions. Services are provided across various sectors including banking, fintech, marketplaces, and iGaming. AI-driven technologies are utilized to detect and prevent fraud in real time, covering identity scams and check fraud. Solutions such as biometric authentication, mobile deposit, and compliance tools are offered to enhance security and user experience. Operations are focused on building trust, ensuring regulatory compliance, and minimizing financial risks for clients globally.
Who are the top competitors of Mitek?
What products or services does Mitek offer?
Mitek offers MiVIP, MiPass, Digital Fraud Defender, Check Fraud Defender, and Mobile Deposit.
Is Mitek publicly traded?
Yes, Mitek is publicly traded on NASDAQ under the ticker symbol MITK.
How many acquisitions has Mitek made?
Who are Mitek's investors?
Mitek has 6 investors. Key investors include The Benchmark Company, Jefferies, Harland Clarke, William Blair, and Northland Securities.
What is Mitek's ticker symbol?
The ticker symbol of Mitek is MITK on NASDAQ.
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