October 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in October.
Socure
October 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from October.
FinTech Futures: Top five news stories of the week – 25 October 2024
Our pick of the top fintech news stories this week includes Afin Bank, Zip, Socure and more.
Socure inks $136m deal to acquire AI-powered risk decisioning platform Effectiv
The deal is expected to close next month, with the entire Effectiv team set to join Socure.
Digital ID verification firm Socure bolsters executive team with three new hires
Arun Kumar has joined from Luma Financial Technologies as the company’s new CTO.
Video: Socure at Money20/20 USA 2023 – Fighting first-party fraud
We chat with Socure’s Johnny Ayers about the launch of the company’s Sigma Identity Fraud solution.
Socure snaps up ID verification start-up Berbix for $70m
Socure has integrated Berbix’s tech to launch its new predictive document verification solution, DocV 3.0.
Socure lands $95m credit facility from JP Morgan, SVB and KeyBanc
CEO Johnny Ayers says the firm plans to invest in “new solutions, verticals, and strategic acquisitions”.
Video: Socure at Money20/20 USA – Fighting synthetic identity fraud
We chat with Johnny Ayers, CEO of Socure, about how firms can tackle synthetic identity fraud.
ID verification firm Socure valued at $4.5bn following $450m Series E round
The fintech plans to use the cash to develop new products, enter new markets and hire more staff.
Socure raises $100m in Series D round featuring Citi & Wells Fargo
Digital identity firm to put cash towards new product lines.
ID start-up Socure lands $61m from Citi, Wells Fargo & MVB
The start-up was co-founded back in 2012.
ID verification firm Socure so cool with $30m funding
The Series C round takes the company’s total funding to $57.5 million.
Socure and Alloy help Radius Bank halve online fraud
New account conversions grew by 30%, and manual review is a process of the past – reduced by 95%.
Socure unveils digital identity bot Aida
Named after the world’s first computer scientist, Ada Lovelace.
Socure raises $14m in new funding
In a Series B round led by Commerce Ventures, digital identity verification specialist Socure raised $13.9 million in new funding. The investment, which also featured the participation of Flint Capital, Santander InnoVentures, Synchrony Financial, Two Sigma Ventures, and Workbench, takes Socure’s total funding to $27.5 million.
