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Prove
About
Prove is a technology-based company that specializes in providing phone-centric and API marketplace solutions.
- New York,New York,United States
- 251 - 500
- http://www.prove.com
Details
- Last Funding Type
- Series G
- Last Funding Money Raised
- $15.14M
- Industries
- Cyber Security,Identity Management,Information Services,Information Technology,Mobile,Software
- Founded date
- Jan 1, 2008
- Number Of Employee
- 251 - 500
- Operating Status
- Active
- Legal Name
- Prove Identity, Inc
Prove is the modern way for businesses to enable their customers to prove their identities with just a phone. Prove offers phone-centric solutions that enable its customers to acquire new consumers and engage with their existing consumers by removing friction while bolstering security, and enhancing consumer privacy and consumer choice. Prove's solutions are used by more than 1,000 businesses across diversified industries, including banks, financial services, healthcare, insurance, and e-commerce.Prove has two main solutions + MFA:• Prove Pre-fill™ for Onboarding & Digital Acquisition, which helps companies increase signups and mitigate account opening fraud by authenticating consumer identities, and auto-filling verified data in any channel. • Fonebook™ for Digital Servicing, which helps companies:- Access a single identity authentication platform that reduces complexity and total cost of ownership to create a holistic view of your customer across their entire channels- Manage, add, and update customer phone numbers to ensure you always have the right number for your customerMulti-factor Authentication:- Standard SMS & Voice OTPs- Instant Link™ (authenticate through SMS link without needing OTP)- Mobile Auth™ (authentication via cellular networks; passive method for passwordless login)- Voice Biometrics – Match against a consumer’s voice for authentication- Push Authentication – App-based method to prove Possession, can also pull in behavioral biometrics,device (PKI), and environmental (Wi-Fi, Bluetooth, network) signals- Secure transactions across multiple digital servicing use cases, including login, high-risk transactions, call center, and passwordless login
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Mar 2, 2022 | Secondary Market | — | 1 | — | — | Detail |
| Jun 18, 2020 | Series H | $98.03M | 8 |
Apax Digital
|
— | Detail |
| Apr 17, 2019 | Series G | $15.14M | 4 |
TransUnion
|
— | Detail |
| Feb 13, 2018 | Series F | $22.99M | 6 |
Institutional Investors Roundtable
|
— | Detail |
| Jan 5, 2017 | Series E | $23.50M | 11 |
Andrew Prozes
BlueCross BlueShield Venture Partners
|
— | Detail |
Investments
|
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
|---|---|---|---|---|
|
Mar 28, 2022
Cognito Health
|
Pre-seed | $1.10M | Health Care | — |
|
Jul 22, 2016
KOHO Financial
|
Seed | — | Finance | — |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Apax Digital
|
Yes | Series H |
|
TransUnion
|
Yes | Series G |
|
Institutional Investors Roundtable
|
Yes | Series F |
Stack Capital
|
— | Secondary Market |
|
Andrew Prozes
|
— | Series H |
|
BlueCross BlueShield Venture Partners
|
— | Series H |
MassMutual Ventures
|
— | Series H |
Ralph de la Vega
|
— | Series H |
Sandbox Insurtech Ventures
|
— | Series H |
Synchrony Ventures
|
— | Series H |
Employee Profiles
Acquisition
Prove has acquired 3 organizations. Their most recent acquisition was Authentify on Jul 29, 2020. They acquired Authentify for 0.
