|Description||Inventor of Netswipe and Netverify|
|Series A, 3/2011 |
|Series B, 1/2012 |
|Series B, 5/2012 |
Jumio® Inc. offers next generation online and mobile credit card payments validation and ID verification products for e-tailers, financial institutions, online marketplaces and governmental agencies. Designed to increase revenue, reduce fraud, and streamline customer experiences, Jumio utilizes patent-pending computer vision technology to validate and facilitate transactions while providing unprecedented levels of consumer convenience and data security.
Jumio’s core vision technology is currently applied in two product lines:
Netswipe® supports real-time credit card scanning and validation in online and mobile checkouts. By eliminating the need to have consumers engage in laborious and error-prone key entry, our clients enjoy higher transaction completion rates, increased revenue and reduced fraud and chargeback costs.
Netverify™ offers real-time ID verification of passports, driver licenses and government-issed ID cards in over 60 countries. (See list) It is the only solution of its kind and is used by financial institutions, e-tailers and consumer marketplaces to meet know-your-customer industry regulations and internal policies, reduce fraud and chargeback costs in purchase transactions and enhance trust and safety in online communities.
The company was founded in 2010 by CEO Daniel Mattes and is backed by top tier investors including Andreessen Horowitz, Citi Ventures and Facebook Co-Founder, Eduardo Saverin. Headquartered in Palo Alto, California Jumio operates development centers in Linz and Vienna, Austria and has offices in the US, Europe and Asia.