KUALA LUMPUR, Jan 19 (Bernama) -- Jumio, the leading provider of AI-powered end-to-end identity orchestration, eKYC and AML solutions, has announced the record-breaking close to a successful 2021, with revenue growing by over 130 per cent in Q4 2021 from Q4 2020.
“Doubling our revenue and expanding our global leadership in the identity space is a massive accomplishment, especially in such a challenging environment,” said Jumio Chief Executive Officer, Robert Prigge.
“I am incredibly proud of what we were able to accomplish last year and look forward to 2022 being the best year in Jumio’s history.”
Thanks to an uptake of automated solutions and expanded product offerings, Jumio’s annual revenue more than doubled year over year in 2021, according to a statement.
Revenue growth for Jumio’s AML solutions exceeded 330 per cent and the company continued to see explosive global expansion in APAC and LATAM regions, with over 300 per cent growth.
Jumio also signed a record number of new customers in 2021. This diverse mix of customers, ranging from financial services to digital health and social media, speaks to the growing need for all modern enterprises to know and trust their users, from onboarding to ongoing monitoring.
Other notable highlights in the fourth quarter include 4Stop Acquisition. In December, Jumio announced its intent to acquire current strategic partner 4Stop, the leading data marketplace and orchestration hub for KYB, KYC, compliance and fraud prevention.
4Stop’s technology, when combined with Jumio’s award-winning solutions, will enable organisations to manage the entire customer identity lifecycle within a single, unified platform, and will allow for rapid configuration and integration through one easy and intuitive API layer.
More details at www.jumio.com.
-- BERNAMA
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