Socure, the leading provider of digital identity verification and fraud solutions, today announced it was named to the Embedded Fintech 50, a list launched by GGV Capital in partnership with Crunchbase, to recognize the most promising fintech companies in the eyes of startup investors. GGV Capital convened 57 investment firms to nominate and vote on the 50 honorees. Having raised more than $12 billion collectively, the Embedded Fintech 50 demonstrates the enthusiasm of venture capital investors in the growth and innovation of this sector.
“We are honored to be included with such an elite group of companies and thank GGV Capital for naming us to this list,” said Johnny Ayers, founder and CEO of Socure. “As payments become embedded into every consumer application, it is more important than ever that identity solutions enable trust in this new era of commerce as well as the ability to accurately identify digitally native customers quickly. We’re excited to be recognized for our work in the next era of embedded fintech and that the traction we’ve made in the industry continues to be celebrated.”
Socure is the market leader and highest valued company in the identity verification space. Its graph-defined platform combines advanced machine learning and artificial intelligence with all elements of a consumer’s identity to deliver the most accurate and robust identity verification and proofing, Know Your Customer (KYC), and fraud risk prediction solutions in the market.
“Embedded fintech is a bright spot in today’s market, and it is exciting to see how companies are democratizing access to financial services through technology,” said Hans Tung, managing partner at GGV Capital. “We are excited for the continued development of the embedded fintech landscape and further creative innovations to come. Congratulations to the Embedded Fintech 50 honorees!”
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