Jumio Revenue and Market Analysis

Jumio has experienced significant growth in its revenue over the years, reaching $250 million in 2020.

This substantial increase can be attributed to the company's expanding customer base and the adoption of its identity verification and risk management solutions by various industries.

Jumio's revenue has been driven by the growing demand for digital identity verification, particularly in the fintech and e-commerce sectors.

The company's ability to provide a comprehensive suite of identity verification and risk management tools has made it an attractive choice for businesses looking to streamline their onboarding processes and reduce fraud.

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Jumio's revenue grew by more than 130% in Q4 2021 from Q4 2020, with a record-breaking close to a successful 2021. This impressive growth is a testament to the company's innovative solutions and expanding global presence.

Revenue growth for Jumio's AML solutions exceeded 330%, indicating a significant increase in demand for their anti-money laundering services. Jumio's annual revenue more than doubled year over year in 2021, with a total revenue of $146.9M per year.

Jumio's revenue growth can be attributed to their expanded product offerings and uptake of automated solutions, which have helped them expand their global leadership in the identity space.

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Jumio closed 2021 with a record-shattering 130% revenue growth in Q4 2021 compared to Q4 2020.

This explosive growth was largely driven by an uptake of automated solutions and expanded product offerings. Jumio's annual revenue more than doubled year over year in 2021, a truly remarkable feat.

Revenue growth for Jumio's AML solutions exceeded 330%, a staggering increase that highlights the company's expertise in this area. Jumio continued to see explosive global expansion in APAC and LATAM regions, with over 300% growth.

Jumio signed a record number of new customers in 2021, a diverse mix of customers ranging from financial services to digital health and social media. This speaks to the growing need for all modern enterprises to know and trust their users, from onboarding to ongoing monitoring.

Jumio's CEO, Robert Prigge, is incredibly proud of what the company accomplished in 2021, and is looking forward to 2022 being the best year in Jumio's history.

Jumio's estimated annual revenue is a significant figure, currently standing at $146.9M per year.

This is a substantial amount of revenue, and it's worth noting that Jumio's revenue per employee is a staggering $200,200, indicating a highly efficient business model.

The company has also secured a total funding of $205.4M, which has likely contributed to its impressive revenue growth.

This level of funding has helped Jumio establish itself as a major player in the industry, with a strong financial foundation to support its continued growth.

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Jumio is a leading provider of AI-powered identity verification and risk management solutions. Founded in 2010, the company has since grown to become a trusted partner for businesses worldwide.

Jumio's headquarters are located in Palo Alto, California, with additional offices in Europe and Asia.

Jumio's flagship product, Netverify, offers a range of verification capabilities, including ID document verification, facial matching, and biometric authentication.

Netverify is used by thousands of businesses across various industries to verify customer identities and reduce fraud risk.

The competitive landscape of identity verification is a crowded one, with numerous players vying for market share. Jumio's competitors include Onfido, Trulioo, and Sumsub, among others.

Onfido, a leading identity verification platform, boasts a revenue of $234M and a workforce of 1170 employees, with a growth rate of -2%. In comparison, Trulioo has a revenue of $69.2M and 419 employees, with a growth rate of -3%. These numbers give us an idea of the scale and scope of these companies.

Here's a breakdown of the top 5 competitors in terms of revenue:

These companies are not only competing with Jumio but also with each other for market share and customer acquisition. The competition is fierce, but it also drives innovation and improvement in the industry.

Jumio is celebrating a record-breaking quarter with phenomenal upward trajectory for the past few years.

The company's KYX Platform provides biometric user onboarding, authentication, and transaction monitoring to deliver trust.

Revenues were up, but the exact figures are not specified.

Jumio has been on a roll, with recent partnerships and funding rounds contributing to its success.

The company joined forces with Microsoft for the rollout of its Azure Active Directory (Active AD) verifiable credentials.

Jumio raised $150 million in funding, a significant boost to its financials.

This funding will likely support Jumio's continued growth and expansion into new markets.

Jumio is a leading provider of AI-powered end-to-end identity verification and eKYC solutions, with a strong track record of innovation and success.

Jumio's revenue has been on a rollercoaster ride, with significant fluctuations over the years.

In 2016, the company's revenue was $53.5 million, but by 2017, it had dropped to $34.6 million.

Jumio's revenue then began to steadily increase, reaching $64.5 million in 2018 and $83.8 million in 2019.

The company's growth continued, with revenue reaching $143.5 million in 2020 and $184.3 million in 2021.

This steady growth is a testament to Jumio's ability to adapt and innovate in a rapidly changing industry.

However, Jumio's revenue growth was not without its challenges, with the company facing increased competition and regulatory pressures.

Despite these challenges, Jumio has continued to thrive, with a strong focus on innovation and customer satisfaction.

The company's commitment to its customers and employees has been a key factor in its success, allowing it to navigate the ups and downs of the market with confidence.

Jumio's future looks bright, with a strong foundation in place to support continued growth and expansion.