Zumigo

Zumigo delivers digital identity verification solutions that mitigate fraud and improve user experiences.Founded in 2008 and headquartered in San Jose, US, Zumigo specializes in digital identity solutions. The company has undergone strategic pivots to enhance its offerings. Chirag Bakshi, who also serves as CEO, is the founder.Zumigo specializes in digital identity verification solutions focused on reducing fraud and enhancing user experience across various sectors. Its core offering, Zumigo DeRiskify, allows businesses to authenticate user identities using real-time information sources, providing risk signals that help prevent fraudulent activities before they occur. This solution is designed for a range of applications, particularly in e-commerce and lending, enabling secure passwordless account access that enhances checkout processes and conversion rates. Targeting industries that require robust identity verification, Zumigo's clientele includes businesses in finance, retail, and telecommunications, with a global reach extending to markets such as North America, Europe, and parts of Asia.Zumigo generates revenue primarily through its subscription-based model and partnerships with various enterprises needing identity verification services. Business transactions typically involve clients subscribing to Zumigo’s services, which might include tiered pricing plans based on the volume of verifications required or specific solution features utilized. For instance, clients may engage with flagship products like Zumigo DeRiskify, which offers enhanced authentication capabilities tailored to their operational needs. This engagement structure fosters long-term relationships, as businesses rely on Zumigo to mitigate fraud while improving their onboarding processes for new customers. The company is focused on developing additional features for Zumigo DeRiskify and aims to target new markets in Asia and Europe by 2025.

1. Series B

   Aug 22, 2014

   Amount

   $6M

   Investors

   Locked