Identity verification provider Jumio has secured a $150m investment from private equity firm Great Hill Partners, which it plans to use to improve its verification services.
With this contribution, Great Hill Partners’ Nick Cayer and Matt Vettel will join Centana Growth Partners and Millennium Technology Value Partners as members of Jumio’s Board of Directors.
The investment will allow Jumio to direct resources to its identity verification automation solutions, expand the Jumio KYX Platform and grow its suite of AML compliance services.
Read the full story on iGB North America.
