Sumsub
Sumsub is the one verification platform to secure the user journey with KYC, KYB, transaction monitoring and fraud prevention solutions.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | $30.0m | Series B | |
| Total Funding | 000k | ||
| GBP | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | 78 % | 44 % | 489 % | 104 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | - | - | 5 % | 5 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | - | - | 4 % | 4 % | 4 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates, Company filings or news article
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Sumsub is a global identity verification software company that specializes in customer onboarding and KYC (Know Your Customer) AML (Anti-Money Laundering) compliance. Founded in 2015 by Andrey Sever and his twin brothers, Jacob and Peter, the company operates in various sectors including fintech, trading, gaming, transportation, and marketplaces. Sumsub's core product is a comprehensive toolkit designed to streamline the onboarding process and ensure compliance with AML regulations. The company serves businesses that require reliable and fast identity verification solutions to prevent fraud and money laundering. Sumsub's WebSDK and mobile options provide a native experience for users, enhancing conversion rates and user satisfaction. The company verifies over 6,500 types of documents and covers 220 countries and regions, offering 76 different solutions tailored to specific industry needs. Sumsub generates revenue through subscription-based services and customized solutions for its clients. The business model focuses on providing scalable and secure verification processes that help clients meet regulatory requirements while improving user experience.
Keywords: identity verification, KYC AML compliance, customer onboarding, fintech, fraud prevention, document verification, global coverage, WebSDK, liveness technology, regulatory compliance.