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Prove

Prove is the modern way of proving identity with just a phone number. With 1 billion+ consumer and small business identity tokens under continuous management, Prove’s Phone-Centric Identity™ platform helps companies mitigate fraud while accelerating revenue and reducing OPEX across mobile, desktop, tablet, contact center, and in-store channels. 1,000+ companies and 500+ banks, including 9 of the top 10 US banks, trust Prove to secure their onboarding, digital servicing, call center, e-commerce, payments, and compliance experiences. Prove’s omnichannel solutions are available in 195 countries. Prove has two main solutions + MFA: • Prove Pre-fill™ for Onboarding & Digital Acquisition, which helps companies increase signups and mitigate account opening fraud by authenticating consumer identities, and auto-filling verified data in any channel. • Fonebook™ for Digital Servicing, which helps companies: - Access a single identity authentication platform that reduces complexity and total cost of ownership to create a holistic view of your customer across their entire channels - Manage, add, and update customer phone numbers to ensure you always have the right number for your customer Multi-factor Authentication: - Standard SMS & Voice OTPs - Instant Link™ (authenticate through SMS link without needing OTP) - Mobile Auth™ (authentication via cellular networks; passive method for passwordless login) - Voice Biometrics – Match against a consumer’s voice for authentication - Push Authentication – App-based method to prove Possession, can also pull in behavioral biometrics, device (PKI), and environmental (Wi-Fi, Bluetooth, network) signals - Secure transactions across multiple digital servicing use cases, including login, high-risk transactions, call center, and passwordless login

prove.com

Founded

2008

Employees

Between 200 - 500 employees

Raised

$200,883,216

Headquarters Location

215 Park Ave S suite 1101, New York, NY 10003

Public

FALSE

Acquired

FALSE

Founders

Rodger Desai
Rodger Desai
Mike Brody
Mike Brody

CEO

Rodger Desai

Funding Rounds

$98,032,657

  • BlueCross BlueShield Venture Partners
  • Synchrony Ventures
  • Wellington Management
  • Andrew Prozes
  • Apax Digital
  • Sandbox Insurtech Ventures
  • Ralph de la Vega
  • MassMutual Ventures

June 2020

$15,143,305

  • Synchrony Financial
  • Wellington Management
  • TransUnion
  • MassMutual Ventures

April 2019

$22,999,619

  • Institutional Investor
  • Synchrony Ventures
  • Andrew Prozes
  • Anil Aggarwal
  • Jonathan Weiner
  • MassMutual Ventures

February 2018

$23,500,000

  • BlueCross BlueShield Venture Partners
  • RRE Ventures
  • Relay Ventures
  • American Express Ventures
  • Verizon Ventures
  • Andrew Prozes
  • Early Warning
  • Rogers Venture Partners
  • Strauss Zelnick
  • Transaction Network Services Inc
  • Opus Capital

January 2017

$9,999,999

  • Early Warning

October 2013

$18,616,951

  • RRE Ventures
  • American Express Ventures
  • Relay Ventures
  • Verizon Ventures
  • Rogers Venture Partners
  • Opus Capital

April 2011

$10,990,679

  • RRE Ventures
  • Relay Ventures
  • Opus Capital

August 2010

$1,600,000

  • RRE Ventures

June 2008

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