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Jumio Receives Series B Investment Led By Citi Ventures

By TechTaffy Desk

[Techtaffy Newsdesk]

Jumio, a payment and online ID verification company, has received a Series B investment led by Citi Ventures, a unit of Citi. Ramneek Gupta, managing director at Citi Ventures, has joined Jumio’s board of directors as an observer. The size of Citi Ventures’ investment is not being disclosed.

Jumio has raised $35.4 million to date. Other Jumio investors include Andreessen Horowitz and Eduardo Saverin, co-founder of Facebook.

Jumio’s patent-pending Netswipe solution turns any camera on a desktop, laptop or mobile phone into a secure credit card reader. Netverify, built with the same patent-pending technology as Netswipe, turns any camera into an ID reader.

Jumio says it will be announcing additional commercial deals with customers in the US and Asia later this year.

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