FinovateSpring 2014 / Jumio
Presenter Profile:
How they describe themselves: Utilizing advanced computer-vision technology, Jumio is a next generation credentials-management company offering payments and ID scanning & validation products for mobile and web transactions. Designed to reduce fraud and increase revenue by minimizing friction in customer transactions, Jumio’s products integrate easily into mobile apps and websites and create great customer experiences. Jumio’s products are widely used by leading retailers, marketplaces, and financial institutions.
How they describe their product/innovation: When customers arrive at your sign-up or checkout form they see a “Scan ID” option in addition to traditional key entry fields. Your customer simply taps the “Scan ID” button, selects the ID they wish to use, and holds it up to their device camera. Fastfill scans the ID, extracts the data it contains, and feeds data into your new account form; it takes just a second or two. Our patented technology offers three different data reading capabilities: bar code, MRZ, and OCR to enable customer data to be extracted from any of three ID types issued by over 100 countries.
Product Distribution Strategy: Direct to Business (B2B)
Contacts:
Sales & Partnerships: sales@jumio.com
Website: jumio.com
Twitter: @jumio
HQ: Palo Alto, CA
Founded: February 2010
Product Demoed: Fastfill
Product Launch: February 2014
Metrics: 204 employees
Presenters: Mike Orlando (CSO), Anthony Lanham (SVP Sales)
- Key Executives
Daniel Mattes (CEO & Founder), Marc Barach (CMO), Mike Orlando (CSO)
Key Stats
- Key Board Members
Thomas Jungreithmeir (Senior Partner, TJP), Maarten Linthorst (CEO, CSI Communication Systems), Mark Britto (CEO & Founder, Boku), Zain Khan (Founder, Oz Ventures)
- Key Advisory Board Members
Thomas Jungreithmeir (Senior Partner, TJP), Maarten Linthorst (CEO, CSI Communication Systems), Mark Britto (CEO & Founder, Boku), Zain Khan (Founder, Oz Ventures)
- Key Investors
Scott Weiss (General Partner, Andreessen Horowitz), Eduardo Saverin (Co-Founder, Facebook), Ramneek Gupta (Managing Director, Citi Ventures & Board Observer, Jumio)
- Key Partnerships
Sales & Partnerships: sales@jumio.com
- Key Customers
When customers arrive at your sign-up or checkout form they see a “Scan ID” option in addition to traditional key entry fields. Your customer simply taps the “Scan ID” button, selects the ID they wish to use, and holds it up to their device camera. Fastfill scans the ID, extracts the data it contains, and feeds data into your new account form; it takes just a second or two. Our patented technology offers three different data reading capabilities: bar code, MRZ, and OCR to enable customer data to be extracted from any of three ID types issued by over 100 countries.