With the digital revolution, the financial regulators have strengthened their focus on monitoring of fraud activities. This indeed had bolstered the demand for identity verification solutions.
Bolstering ID verification solutions
In this regard, Sumsub, a London-based ID verification platform announced that it has secured $6 million (approx €5 million) in Series A funding, bringing the total capital raised since Sumsub’s founding to over $7.5 million (approx €6.3 million).