Socure, the leading AI-driven platform for digital identity verification, fraud prevention, and sanctions screening, achieved unparalleled growth and performance in 2024. Amid an era of increasing threats from AI-based deepfakes, injection attacks, and automated bot fraud, Socure not only met the challenge but outpaced the industry, delivering solutions that continuously improved while competitors struggled with degradation in accuracy.
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Socure’s platform verified over 2.7 billion identity requests in 2024, representing 370 million unique identities, doubling its 2023 totals. The company’s customer base expanded by 42% to over 2,800 organizations spanning industries such as financial services and fintech, government, telecom, e-commerce, insurance, marketplaces, and gaming. In the public sector alone, Socure’s partnerships grew 193%, now serving 13 U.S. states, 30+ state agencies, 20+ higher education institutions, and two federal agencies.
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Socure ended 2024 with GAAP revenue growing 54% YoY and exceeded all of its financial goals, achieving 108% of new bookings and 121% of adjusted operating profit plans, reinforcing the demand for the market’s most accurate, comprehensive and performant identity verification, AML and fraud prevention solutions.
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Source: prnewswire
