Socure Nets $2.5 Million in New Funding
Aug. 27, 2015
A New York City-based startup that uses what it calls “social biometrics” to authenticate online identities in real time has secured a round of funding totaling $2.5 million. Socure analyzes how individuals are interacting with social networks and search engines to determine if people who are opening online accounts are who they say they are. The company said its customers are looking for information on people with no credit history, about whom little information can be obtained through traditional channels. The round is being led by Flint Capital.
“Socure is pioneering identity verification with its Social Biometrics platform, which helps financial institutions to combat fraud globally,” said Sergey Gribov, partner at Flint Capital. “Socure excels where current identity verification solutions fall short, enabling verification for people who don’t have a credit history. This is an even bigger market outside of the US, where credit systems don’t exist at all. Flint Capital is planning to help the company with our international connections and expertise.”