Sumsub is an identity verification platform that provides an all-in-one technical and legal toolkit to cover KYC/KYB/AML needs.
Sumsub is empowering compliance and anti-fraud teams to fight money laundering, terrorist financing and online fraud.
Sumsub was co-founded in 2015 by Andrey Sever, Vyacheslav Zholudev, Jacob Sever and Peter Sever. The company is headquartered in London, United Kingdom, with offices in Berlin, Germany; St. Petersburg, Russia; Nicosia, Cyprus and Hong Kong.
Sumsub fundamentally changes how companies assess their corporate and individual clients by providing an efficient AI-powered identity verification and compliance risk management toolkit.
Sumsub translates organization’s AML policy into automated digital workflows, providing compliance officers with a single solution to risk management while onboarding users from over 200 regions.
Sumsub's system automates identity verification, performing a background check in a matter of just 60 seconds, and drives the conversion rate up to 97%. The solution is currently available in over 200 countries and territories, assessing biometrics and 6,500 different types of identity documents.
Sumsub is backed by v; Flint Capital; Ilia Perekopsky, VP of Telegram messenger and others. The company raised $6M in Series A round on Sep 08, 2020. This brings Sumsub's total funding to $7.5M to date.