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Checkout.com to acquire identity verification startup Ubble

Identity verification is particularly important for crypto merchants and fintech companies. And it turns out that Checkout.com has quite a few customers in these two areas. In addition to complying with “know-your-customer” regulation, identity verification can be used to check the age of the customers or identify potential fraud before it happens.

“When we met the team, we were just really impressed. We were impressed with the tech that they built, the culture of excellence that they fostered,” Checkout.com chief product officer Meron Colbeci told me.

Tags

identity, fraud, payments