Prove

Prove

Provides advanced digital identity verification and authentication solutions, leveraging phone-centric technology to enhance security and reduce fraud.

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$40.0m

Valuation: $1.0b

Late VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD202120222023
Revenues000000000000
EBITDA000000000000
Profit000000000000
EV000000000000
EV / revenue00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x
R&D budget000000000000

Source: Dealroom estimates

More about Prove
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Prove is a leading company in the identity verification and authentication sector, known for its innovative solutions that cater to a wide range of clients, including 9 of the top 10 financial institutions in the United States. The company operates in the cybersecurity and fintech markets, providing omni-channel, passive authenticators that ensure secure transactions over mobile, desktop, call center, and chat platforms. Prove's business model focuses on a privacy-first approach, emphasizing decentralized data architecture, identity tokenization, and user consent to limit data aggregation. The company generates revenue by offering its advanced authentication services to over 1,000 enterprise customers and 500 banks globally. Prove has demonstrated explosive growth, with a 300% increase in year-over-year new business wins and recognition in the 2020 Technology Fast for the fourth consecutive year. The company processed 20 billion transactions in 2019, showcasing its robust and scalable solutions. Prove's commitment to security and privacy has made it a trusted partner for major financial institutions and enterprises worldwide.

Keywords: identity verification, authentication, financial institutions, cybersecurity, fintech, decentralized data, privacy-first, omni-channel, enterprise customers, scalable solutions.

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Investments by Prove

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Lets talk payments llc
ACQUISITION by Prove Mar 2021
Portabl
ACQUISITION by Prove Jan 2025