Excitement Over Biometric Selfie-Authentication Tech Helps Fuel 60% YoY Sales Growth in Jumio’s Q1 Update

“Other highlights noted in the update include Jumio’s multiple industry awards over the course of the first quarter…”

Excitement Over Biometric Selfie-Authentication Tech Helps Fuel 60% YoY Sales Growth in Jumio's Q1 Update

Jumio is celebrating continuing revenue growth in its first quarterly update for 2019. The privately held company says it saw a 60 percent jump in sales year-over-year for Q1.

Jumio also pointed to a number of other highlights in its update, including the official launch of its selfie-based Jumio Authentication solution and the launch of Jumio Screening, an Anti-Money Laundering solution integrated with the ComplyAdvantage criminal risk database. Commenting on the launch of these solutions, Jumio’s newly-appointed President, Robert Prigge, said they “strengthen our product portfolio of AI-powered solutions to defend against account takeovers and sophisticated money laundering schemes,” adding, “These new products are a testament to our continued drive for cutting-edge innovation to help defend against these emerging threats.”

Other highlights noted in the update include Jumio’s multiple industry awards over the course of the first quarter and its having been named by Fast Company one of the “World’s Most Innovative Companies for 2019”. Jumio also noted its opening of a new sales office in Brazil together with the appointment of Samer Atassi as LATAM regional director.

With the growing market for selfie-based authentication solutions, and Jumio’s incorporating of biometric anti-spoofing technology from FaceTec into its flagship solution, the company appears poised to continue its momentum further into 2019.

April 22, 2019 – by Alex Perala