Socure completed the acquisition of Berbix for $70m.

Socure, a provider of digital identity verification solutions, completed the acquisition of Berbix, a startup that developed a high-accuracy document verification solution, for $70m. “There’s a perception among users that all document verification solutions perform the same, but after testing several offerings in the market, we found this to be categorically false. In fact, we found endless examples of other vendors in the market providing inaccurate stats that just couldn’t be validated. I don’t blame users for their lack of faith here,” Johnny Ayers, Socure Founder and CEO.