# Sumsub: Information technology & services, Limassol, Cyprus

> Sumsub: Sumsub is an identity verification and compliance platform that supports businesses worldwide in securing their customer journeys.

Source: https://millionrounds.com/startup/sumsub (Millionrounds; every figure on the page links to its filing or article)

Cyprus · [Information technology & services startup](https://millionrounds.com/companies)

# Sumsub

Sumsub is an identity verification and compliance platform that supports businesses worldwide in securing their customer journeys.

Funding reported Last round: Series B

Information technology & services Limassol, Cyprus

Company summary

- **Founded:** 2015 11 years old
- **Team:** 850 201 to 1,000 people
- **Funding reported:** 37.5M as listed, currency not stated
- **Last round:** Series B Dec 2022

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for Sumsub has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About Sumsub

Sumsub is an identity verification and compliance platform that supports businesses worldwide in securing their customer journeys.

Founded in 2015 in London, the company offers customizable solutions for KYC (Know Your Customer), KYB (Know Your Business), KYT (Know Your Transaction), and AML (Anti-Money Laundering). With a focus on preventing fraud and meeting regulatory requirements, Sumsub helps organizations verify users efficiently. The platform serves over 4,000 clients across various industries, including fintech, crypto, and gaming. It supports more than 14,000 document types in over 50 languages, facilitating seamless global onboarding. Sumsub's services include identity and business verification, transaction monitoring, continuous risk assessment, and AML compliance. The company is dedicated to creating a secure digital ecosystem, ensuring that ethical businesses can thrive while blocking bad actors. With a commitment to information security, Sumsub has achieved SOC 2 Type 1 certification, reinforcing its focus on privacy and compliance.

## What company datasets say Sumsub raised

Funding, as reported

Reported in all **37.5M** in the source's currency

Rounds **3**

Last round **Series B**

Last round size **30M**

Last round date **Dec 2022**

Investors listed **2**

## Founders and team

From Sumsub's own website: 1 founder, 2 on the team.

**Peter Sever** Co-founder, Chief Strategy Officer

- **Soroush Kafiabadi** Senior Vice President at Duff & Phelps
- **Alex Batlin** Non-Executive Director at Bitpanda

## The company, in detail

What they build

Known for

kyb transaction monitoring information technology & services saas fraud prevention it services & it consulting ai fraud digital identity compliance computer software b2b kyc identity verification

Built with from their website

EPiServer Docker Amazon SES Google Tag Manager Amazon CloudFront OneTrust Tech Risk & Compliance Google Sheets dbt WordPress.org HREF Lang

+8 more

AWS Trusted Advisor PWA CallMiner Eureka Google Cloud VictoriaMetrics Linkedin Insight Tag Google Ads Flow

- **Sector:** Information technology & services
- **Industry code:** NAICS 51321, 541519, SIC 7372, 7379
- **Region:** Limassol
- **Revenue:** 85.6M a year, as listed

## Information technology & services in Cyprus

Startups like it

- [**Another** Nicosia · founded 2017](https://millionrounds.com/startup/another-2)
- [**Composable Foundation** founded 2021](https://millionrounds.com/startup/composable-foundation)
- [**Omilia** Larnaca · founded 2002](https://millionrounds.com/startup/omilia-2)
- [**BridgerPay** Limassol · founded 2019](https://millionrounds.com/startup/bridgerpay)
- [**Spotware Systems** Limassol · founded 2010](https://millionrounds.com/startup/spotware-systems)
- [**KEK Entertainment** Limassol · founded 2021](https://millionrounds.com/startup/kek-entertainment)
- [**connect.club** Limassol · founded 2017](https://millionrounds.com/startup/connect-club)
- [**Fibery** Egkomi · founded 2017](https://millionrounds.com/startup/fibery-2)

## Is this your company?

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