Tech Trailblazers winner Jumio lands $150m investment

At the Tech Trailblazers Awards we are always delighted when a previous winner goes on to greater success. This time it’s the winner of our Mobile category in 2017, Jumio, which has recently secured a $150 million investment from Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies.

According to Jumio, a specialist in AI-powered end-to-end identity verification and eKYC solutions, this deal is the single largest funding round in the digital identity space. The firm wants to use the funding to accelerate their growth in the digital identity space by devoting additional resources to automate its identity verification solutions, expand the breadth of the Jumio KYX Platform and add to its suite of AML compliance services.

The deal follows a landmark year says Jumio. In 2020, the company achieved record revenues, volumes, and automation breakthroughs. This included launching the KYX Platform in September, a product which combines data from a variety of sources to build a complete digital profile of online users.

We spoke to Dean Nicolls, who was Jumio’s VP of Marketing, not long after the firm won the Mobile Trailblazers Award in 2017. The firm was already showing the signs of the growth that has led to the $150 million investment success. “Winning the Tech Trailblazers award has helped our company immensely because it was one of the biggest awards to recognize our technology last year,” he said, “since then, we have been recognized multiple times for our product innovation.”

His message to other startups who were considering entering the Tech Trailblazers Awards was clear: “The award contributed to our business growth, as it brought more validation to our brand and technology. The benefits of winning the Trailblazer Award far exceed any costs during the application process.”

We wish every success to Jumio and may this investment fuel a fast path to even more success in the future.

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To read our interview with Dean Nicolls, head here: techtrailblazers.com/previous-winner-jumio/