“The strong performance reflects not only Jumio’s prowess as a provider of remote identity verification solutions, but the broader enthusiasm for remote onboarding and authentication technology…”
Jumio has issued its latest quarterly update, and the remote onboarding specialist is showing no signs of slowing momentum.
After posting remarkable revenue growth of 130 percent (year over year) in its third quarter of 2021, the company has gone on to increase revenues by over 130 percent in fourth quarter. Looking to the full fiscal year, Jumio saw revenues double compared to its results in 2020.
Jumio’s Anti-Money Laundering solutions performed particularly well during the year, with revenue growth exceeding 330 percent. Geographically, the company delivered its best performances in the APAC and LATAM regions, with growth exceeding 300 percent.
“Doubling our revenue and expanding our global leadership in the identity space is a massive accomplishment, especially in such a challenging environment,” commented Jumio CEO Robert Prigge. “I am incredibly proud of what we were able to accomplish last year and look forward to 2022 being the best year in Jumio’s history.”
The strong performance reflects not only Jumio’s prowess as a provider of remote identity verification solutions, but the broader enthusiasm for remote onboarding and authentication technology, especially with respect to solutions based on facial recognition.
For its part, Jumio has not rested on its laurels, but has sought to build upon its momentum. The company added an “orchestration layer” to enhance its KYX Platform in October, and went on to establish a deal to acquire German data hub startup 4Stop in December, with the transaction expected to close early this year.
January 18, 2022 – by Alex Perala