NYC based digital identity verification startup Socure closed a $13m Series A led by Flint Capital, with participation from ff Venture Capital, Santander Innoventures, and Two Sigma Ventures.
Socure is reimagining digital identity verification by creating easily integrated SaaS solutions that increase consumer acceptance, reduce uncaught fraud, and contain the costs of manual review. Since its inception, the company has established itself as a pioneer in the space, offering RESTful APIs delivered via a secure and scalable cloud-based software infrastructure, to validate identities in real-time. “Socure has rapidly developed a leadership position in the large and fast-growing space of digital identity and biometrics,” said Sergey Gribov, Partner at Flint Capital. “The Company supplements market deficiencies in which current identity verification solutions fall short, including Millennials, who largely avoid the use of credit, or abroad, where credit systems don’t exist at all.”