About Prove
Prove is a company based in New York (United States) founded in 2008. It operates as a SaaS (Software-as-a-Service) and API-as-a-Product. Prove has raised $268.47 million across 14 funding rounds from investors including Synchrony, TransUnion and Verizon. Prove has completed 3 acquisitions, including MEDICI, Portabl and UnifyID. Prove offers products and services including Prove Pre-Fill®, Prove Identity®, Prove Auth®, and Prove Identity Manager℠. Prove operates in a competitive market with competitors including IDnow, Onfido, IDfy, Socure and Jumio, among others.
- Headquarter New York, United States
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Sectors
Technology
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Website
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- Legal Name Prove Identity, Inc.
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Products & Services of Prove
Prove offers a comprehensive portfolio of products and services, including Prove Pre-Fill®, Prove Identity®, Prove Auth®, and Prove Identity Manager℠.
Consumer onboarding is accelerated with pre-filled verified data.
Consumer identities are verified confidently using phone data.
Authentication is streamlined with secure, password-free user access.
Real-time identity tokens are managed for consumer servicing.
People of Prove
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Software Development Team
34 people
Leadership Team
33 people
Sales and Marketing
23 people
Product Management Team
10 people
Finance and Accounting
8 people
Legal and Compliance
7 people
Customer Team
6 people
Operations Team
5 people
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Funding Insights of Prove
Prove has successfully raised a total of $268.47M across 14 strategic funding rounds. The most recent funding activity was a Series F round of $43.91 million completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Prove
Prove has secured backing from 27 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Synchrony, TransUnion and Verizon.
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Tech startups are invested in by Capital One Ventures firm.
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Growth capital is invested in later-stage businesses by the firm.
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Investor details for Prove
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Investments & Acquisitions by Prove
Prove has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include MEDICI, Portabl and UnifyID.
Investment portfolio details for Prove
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Financial identity services are provided by Portabl for secure verification.
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Implicit authentication and machine learning-based identity access management are provided.
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FinTech news and information are provided through an online platform.
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Complete acquisition details for Prove
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Financial Statements - Prove
Detailed financials for Prove
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Prove Comparisons
Peer comparison for Prove
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Competitors of Prove
Prove 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 IDnow, Onfido, IDfy, Socure and Jumio, among others.
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Automated and expert-led identity verification services are provided.
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Identity verification solutions are provided, including document and biometric authentication.
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Identity verification, background screening, and fraud prevention solutions are provided.
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AI-based identity verification and fraud detection are provided.
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AI-powered identity verification and fraud protection solutions are provided.
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Detailed competitors of Prove
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Latest news on Prove
Complete news archive for Prove
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Frequently Asked Questions about Prove
Prove was founded in 2008.
Prove is headquartered in New York, United States. It is registered at New York, New York, United States.
Prove is a funded company, having raised a total of $268.47M across 14 funding rounds to date.
Prove is established as a global leader in digital identity verification and authentication solutions. Services are provided to over 1,500 companies across various industries including banking, healthcare, fintech, and online gaming. Solutions such as Prove Pre-Fill, Prove Identity, and Prove Auth are designed to reduce fraud, enhance consumer experiences, and streamline onboarding processes. Operations are supported in over 200 countries, leveraging a registry of over 1 billion identity tokens. Consumer friction is minimized through innovative, secure, and seamless technologies.
Prove offers Prove Pre-Fill®, Prove Identity®, Prove Auth®, and Prove Identity Manager℠.
Prove has 27 investors. Key investors include Synchrony, TransUnion, Verizon, Apax Partners, and TNSI.