Prove
Mobile-phone-data-based digital identity verification and authentication platform for banks, fintechs, and ecommerce.
Cybersecurity
📍 New York, USA
Founded 2008
Current Valuation
$537M
as of 2022-Q2
PRIVATE
Prove (formerly Payfone) uses mobile phone data and possession signals (SIM-binding, device intelligence, behavioral biometrics) to verify identity and authenticate users for banks, fintechs, and large ecommerce platforms. Last priced round was a $537M valuation in 2022; a $40M strategic round in late 2024 led by MassMutual Ventures and Capital One Ventures funds commerce-enablement and fraud-fighting use cases.
Company Profile
Est. Revenue
$109M (2021-Q4)
Last Round
Strategic — $40M (Nov 2024) · Lead: MassMutual Ventures
Founders & Key People
Rodger Desai
Investors
MassMutual Ventures · Capital One Ventures · Apax Digital · MassMutual · Wells Fargo Strategic Capital
Products
- Prove Identity Network
- Pre-Fill Identity
- Mobile Auth
- Prove Trust Score
Competitors
Socure · Jumio · Onfido · Plaid Identity Verification · Sift
identity-verificationb2bcybersecuritykycmobile-auth
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2022-Q2. Refreshed quarterly.