Prove Identity
Founded Year
2008Stage
Series I | AliveTotal Raised
$261.3MValuation
$0000Last Raised
$40M | 2 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+28 points in the past 30 days
About Prove Identity
Prove Identity focuses on digital identity verification and authentication across several business sectors. The company provides services such as consumer verification, identity management, and passwordless authentication solutions. Prove's services are applicable to industries like banking, healthcare, insurance, and e-commerce. Prove Identity was formerly known as Payfone. It was founded in 2008 and is based in New York, New York.
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Prove Identity's Product Videos
ESPs containing Prove Identity
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The identity verification market provides technologies and processes to verify individual identities in digital and physical interactions while preventing identity fraud. These solutions include document verification, biometric authentication, liveness detection, and synthetic fraud prevention using AI and machine learning. Companies serve diverse industries including financial services, governmen…
Prove Identity named as Highflier among 15 other companies, including Sumsub, Ping Identity, and Onfido.
Prove Identity's Products & Differentiators
Prove Pre-Fill
Prove Pre-Fill is a phone-centric identity verification and authentication solution designed to streamline digital onboarding and mitigate fraud. Leveraging a vast network of mobile network operator (MNO) and authoritative data, it passively verifies a user's identity and their real-time possession of a mobile device. This enables the secure pre-population of online forms with verified customer data (e.g., name, address, phone number, DOB, SSN last 4), significantly reducing manual entry friction for legitimate users. Simultaneously, Prove Pre-Fill employs advanced risk signals, including phone reputation and behavioral analytics, to detect and block sophisticated fraud vectors such as synthetic identities, identity theft, and SIM swap attacks, often before an application is even submitted.
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Research containing Prove Identity
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Prove Identity in 7 CB Insights research briefs, most recently on Mar 18, 2024.
Mar 14, 2024
The retail banking fraud & compliance market map
Jan 4, 2024
The core banking automation market map
Expert Collections containing Prove Identity
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Prove Identity is included in 11 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,277 items
Regtech
1,921 items
Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.
SMB Fintech
2,003 items
Conference Exhibitors
5,501 items
HLTH is a healthcare event bringing together startups and large companies from pharma, health insurance, business intelligence, and more to discuss the shifting landscape of healthcare
Payments
3,198 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Cybersecurity
10,758 items
These companies protect organizations from digital threats.
Prove Identity Patents
Prove Identity has filed 35 patents.
The 3 most popular patent topics include:
- wireless networking
- payment systems
- computer network security
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
5/18/2022 | 2/25/2025 | Wireless networking, Computer network security, Network protocols, Payment systems, Health informatics | Grant |
Application Date | 5/18/2022 |
|---|---|
Grant Date | 2/25/2025 |
Title | |
Related Topics | Wireless networking, Computer network security, Network protocols, Payment systems, Health informatics |
Status | Grant |
Latest Prove Identity News
Jun 28, 2025
authID teams up with Prove to fight against fraud Like Read Time: min authID has announced its collaboration with Prove to offer global deepfake-resistant identity verification, increasing defences against AI-generated fraud. authID is designed to prevent fraud during the onboarding process, block deepfakes, and reduce the risks associated with account takeovers and password vulnerabilities. This ensures a fast and accurate identity verification experience within the digital ecosystem. Addressing evolving challenges in the digital realm This collaboration enables both companies to address the rapidly evolving challenges in the digital realm by leveraging advanced, biometric-driven technologies to protect against synthetic identities and fraud. The rise of AI-generated deepfakes has raised concerns for businesses and consumers. These deepfakes, which consist of synthetic images and videos, enable fraudsters to impersonate individuals with remarkable accuracy. Through this partnership, authID and Prove aim to provide a solution that not only responds to fraud after it occurs but also prevents it at its source by ensuring the integrity of digital identities. Boosting identity verification capabilities By integrating authID’s biometric technologies, such as Proof, Verified, and PrivacyKey, into Prove’s platform, the capacity to detect and eliminate synthetic identities and video-based impersonation is significantly increased. These tools will increase Prove’s identity verification and fraud prevention capabilities. As Prove expands its global reach, this partnership offers the scalability and security necessary to address the challenges of modern digital transformation, protecting enterprise clients against the rapidly shifting threat landscape posed by AI-driven fraud. Officials from authID stated that collaborating with Prove, a company that enables identity verification for numerous financial institutions globally, is an endorsement of its technology and strategic vision. This partnership aims to establish a new benchmark for secure, privacy-preserving identity verification on a global scale. authID’s technology has an accuracy and a false match rate of 1 in 1 billion, which is important in maintaining the security of digital transactions and protecting user privacy. By merging authID’s biometric and anti-deepfake capabilities with Prove’s identity verification and authentication platform, this collaboration paves the way for highly secure identity experiences that are crucial in today’s digital economy.
Prove Identity Frequently Asked Questions (FAQ)
When was Prove Identity founded?
Prove Identity was founded in 2008.
Where is Prove Identity's headquarters?
Prove Identity's headquarters is located at 245 Fifth Avenue, New York.
What is Prove Identity's latest funding round?
Prove Identity's latest funding round is Series I.
How much did Prove Identity raise?
Prove Identity raised a total of $261.3M.
Who are the investors of Prove Identity?
Investors of Prove Identity include MassMutual Ventures, Wellington Management, Apax Digital, Capital One Ventures, Stack Capital and 27 more.
Who are Prove Identity's competitors?
Competitors of Prove Identity include Persona, Fourthline, Identomat, Veriff, ThetaRay and 7 more.
What products does Prove Identity offer?
Prove Identity's products include Prove Pre-Fill and 4 more.
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Compare Prove Identity to Competitors
Socure is a platform in the digital identity verification and trust sector, utilizing artificial intelligence and machine learning within the financial services, government, gaming, healthcare, telecom, and e-commerce industries. The company offers a predictive analytics platform that employs AI and machine learning techniques to verify identities in real time, using online and offline data intelligence such as email, phone, address, intellectual property, device, and velocity. Socure's clientele includes a range of sectors, primarily focusing on financial services, government, and technology-driven industries. It was founded in 2012 and is based in Incline Village, Nevada.
Veriff specializes in artificial intelligence (AI) powered identity verification within the fraud prevention and compliance sectors. The platform offers services to verify user identities, which are used to prevent fraud and ensure compliance with regulations. Veriff's solutions are utilized across various industries, including financial services, mobility, crypto, gaming, education, and healthcare. It was founded in 2015 and is based in Tallinn, Estonia.
Sumsub develops an identity verification service operating within the compliance and fraud prevention sectors. The company provides a service for verifying users, businesses, and transactions, as well as monitoring for suspicious activities and preventing fraud through machine learning algorithms. It serves industries such as fintech, online gaming, trading, crypto, and transportation. The company was founded in 2015 and is based in London, United Kingdom.
Trulioo focuses on global online identity verification and operates within the technology and security sectors. The company offers services such as individual and business identity verification, watchlist screening, and identity document verification, all aimed at ensuring know-your-customer (KYC) and know-your-business (KYB) compliance. Trulioo primarily serves sectors such as banking, cryptocurrency, online trading, and wealth management. It was founded in 2011 and is based in Vancouver, Canada.
Mitek Systems provides mobile capture and digital identity verification solutions in the technology sector. The company offers products like an identity verification platform, biometric authentication, and mobile deposit services for businesses to verify user identities during digital transactions. Mitek's solutions serve financial institutions, fintech companies, and other businesses in regulated markets, focusing on financial risk and compliance requirements. Mitek Systems was formerly known as Mitek Systems of Delaware, Inc.. It was founded in 1986 and is based in San Diego, California.
Au10tix focuses on identity verification and fraud prevention within sectors such as finance, e-commerce, and technology. The company provides services including document verification, biometric identification, and compliance solutions. Au10tix's offerings include tools for KYC, AML, and age verification. It was founded in 2005 and is based in Hod Hasharon, Israel.
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