Socure adds document verification engine from Berbix in $70M acquisition
Socure has acquired Berbix for $70 million in cash and stocks to integrate its patent-pending forensics engine for fake ID detection.
Source: biometricupdate.com
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Socure updates KYC solution, improves onboarding rates for Gen Z customers
Socure has claimed it can verify the identities of over 70% of 18-year-olds opening their first accounts with its new KYC solution.
Source: biometricupdate.com
Data shows collapse of SVB, Signature Bank prompted hike in ID fraud
The wave of ID fraud spiked in small banking and investment platforms as individuals and business entities struggled to open new accounts.
Source: biometricupdate.com
Why this unicorn chose to take a credit facility
Its equity, growth and existing relationships with financial institutions, gave Socure firm footing to kick off credit facility discussions.
Source: techcrunch.com
Socure Secures $95M Credit Facility
FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!
Source: finsmes.com