Payfone news and trends

ID Verification Platform Payfone Raises $100M
Investments // June 19, 2020

ID verification firm Payfone has completed a $100 million funding round which the company says it will use for strengthening machine learning and building a new consortium to help secure digital transactions, the press release says. The round was led by funds advised by Apax...

Payfone Nabs $24M In Funding; Partners With TransUnion
Investments // April 18, 2019

Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company and Wellington Management. TransUnion and Payfone have also formed a strategic partnership that will leverage...

Payfone Lands $23M To Expand Authentication Network
Security & Fraud // February 14, 2018

Payfone announced that it has raised $23 million to expand its cybersecurity services in the retail, insurance, and healthcare sectors. The round was led by an institutional investor with participation by Synchrony Financial, MassMutual Ventures, Anil Aggarwal and Jonathan Weiner, the founders of Money20/20, Shoptalk...

Quick Reads
Newly Minted Prove Strikes Deal With Early Warning LLC

July 29, 2020
Prove (formerly Payfone) has struck a deal with Early Warning Services LLC to acquire the latter’s mobile authentication business, its multi-factor authentication and orchestration systems and its Authentify line of business, according to a press release on Wednesday (July 29). Early Warning, which acquired Authentify in 2015, is a consortium owned by seven of the country’s largest […]

ID Verification Platform Payfone Raises $100M

June 19, 2020
ID verification firm Payfone has completed a $100 million funding round which the company says it will use for strengthening machine learning and building a new consortium to help secure...

Payfone Nabs $24M In Funding; Partners With TransUnion

April 18, 2019
Payfone announced that it has secured a $24 million funding round, led by TransUnion. The funding also included participation from existing investors Synchrony, MassMutual Ventures, Massachusetts Mutual Life Insurance Company...

Payfone Lands $23M To Expand Authentication Network

February 14, 2018
Payfone announced that it has raised $23 million to expand its cybersecurity services in the retail, insurance, and healthcare sectors. The round was led by an institutional investor with participation...