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Great Hill Partners, a private equity firm that invests in high-growth, disruptive companies, completed a $150m investment in Jumio, an online mobile payments and identity verification company. “Jumio has established itself as the de facto global leader in online identity verification, fraud detection and compliance. Organizations must digitally transform their onboarding, KYC and AML monitoring processes, which have become even more vital as the volume of online and mobile payments reaches historic highs. We’re impressed with this team, the company’s robust growth over the last year, its global coverage and the global market opportunity,” Nick Cayer, Great Hill Partner.
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