INCLINE VILLAGE, NV– September 30, 2021 – Socure, the leading provider of digital identity verification and fraud solutions, today announced it has passed a key milestone of 750 customers, marking a 277% increase in new logos and net retention rate of 177% in 2021. Customers were added across industries including financial services, fintech, cryptocurrency, online gaming, telco, e-commerce, insurance, and healthcare.
“Socure is the industry-leading identity verification and trust platform,” said Aman Sharma, Partner at Capital One Ventures. “While there are multiple point products available in the market, Socure is the only complete solution that meets the challenging demands of extremely high growth, low user friction, and low risk for the onboarding and identity engines at the top companies in the world.”
As Socure’s customer base is rapidly increasing, the adoption of its solutions across the platform is also accelerating. Socure’s customers are deploying multiple products across the portfolio, making Socure their platform of choice for identity verification and fraud prevention. And with the recent industry-first technology innovations introduced in the inclusive KYC and Predictive Identity and Document Verification solutions, Socure customers are increasing auto-acceptance rates, unlocking revenue growth, and reducing fraud. The company continues to achieve record sales results as Socure ID+ has emerged as the sole identity verification platform for multiple business units within the largest enterprises and is trusted by 4 of the 5 largest banks, 7 of the 10 largest credit card issuers, top Buy Now, Pay Later (BNPL) providers, top crypto exchanges, and the largest online gaming operators.
“We continue to receive tremendous inbound interest from companies across nearly every consumer-facing industry looking to automate and maximize customer approvals, while reducing false positives and consumer friction,” said Johnny Ayers, founder and CEO of Socure. “Our partners consistently realize a very high ROI due to the unrivaled coverage, accuracy, and speed of our identity verification and fraud platform.”