Prove secures $40M to expand global digital identity verification

Prove Identity has secured $40 million in investment funding from MassMutual Ventures and Capital One Ventures to expand its global operations and strengthen its position in digital identity verification and authentication. The funding will be used to launch new commerce enablement and fraud-fighting use cases. It will also help Prove to expand globally and address evolving threats faced by digital institutions.

Prove’s platform helps businesses streamline consumer experiences while maintaining security amid emerging fraud vectors, according to a company announcement, …

40m authentication biometric-authentication biometrics biometrics news capital capital one capital one ventures cases commerce digital digital-identity fighting financial services fraud funding global identity identity verification investment massmutual ventures operations prove prove identity trade notes use cases verification