Jumio’s Ascent Continues with 269% Q2 Sales Jump

“The company attributes its Q2 success primarily to the APAC market, which it has targeted through a new Singapore office established this past March.”

Jumio continues to be one of the great success stories of the authentication industry with the news that it has just finished its best sales quarter yet: Q2 saw a year over year sales jump of 269 percent, the company has announced.

The news comes after Jumio reported a Q1 sales increase of over 400 percent year over year, further underscoring the market appetite for the company’s NetVerify solution, which revolves around the use of mobile facial recognition and document reading to verify the identities of end users, with an element of human review in the mix for good measure. In reporting its continuing success through Q2, Jumio says that it has seen sales growth over nine of the past 10 quarters.

The company attributes its Q2 success primarily to the APAC market, which it has targeted through a new Singapore office established this past March. Jumio’s sales in the region increased by a remarkable 531 percent over Q1.

Commenting on the results in a statement, Jumio CEO Steve Stuut said, “This type of immediate market traction speaks to the opportunity this region represents and the untapped potential, especially within financial services, enterprise and e-commerce markets.”