iProov’s phenomenal growth has caught the attention of the Financial Times. The outlet’s annual FT 1000 list was set up to recognize the fastest-growing companies in Europe, and it has iProov ranked in the 57th spot in an increasingly competitive European marketplace.
The companies on the latest FT100 list were ranked based on their fiscal performance between 2017 and 2020. Those whose revenues displayed the highest CAGRs were placed near the top, while those with lower CAGRs received lower positions.
iProov was able to secure its spot with strong year-over-year returns, and indicated that its trajectory has accelerated since the evaluation cut-off date. The company’s revenues tripled between 2020 and 2021, and its traffic volume has gone up accordingly. It verified more than one million identities on a single day on multiple occasions, and managed to eclipse its total for all of 2020 in one particularly busy 10-day period in 2021.
Some of iProov’s newest partners include Eurostar and the National Science Foundation. The company is best known for its liveness detection technology, which helps prevent spoofing for businesses that are using face-based identity verification systems.
“To be recognized as one of the fastest growing companies in Europe is truly remarkable,” said iProov Founder and CEO Andrew Bud. “This recognition is a testament to the dedication of everyone on our extraordinary team. Our mission is to make the world a safer place with secure, effortless online identity verification and we look forward to continuing our growth as we meet that challenge head-on every day.”
iProov has previously been identified as one of the fastest-growing companies in the UK, after making its way onto the Deloitte Fast 50 list in each of the past two years. The company recently received a $70 million investment from Sumeru Equity Partners, though it is also facing a patent infringement lawsuit from FaceTec that was filed earlier this year.
March 3, 2022 – by Eric Weiss