Payment authentication service Payfone has added $24m from investors including TransUnion, Synchrony Financial and MassMutual Ventures, increasing its overall funding to $102m.
Data analysis provider TransUnion has led a $24m funding round for US-based customer authentication technology developer Payfone that included MassMutual Ventures, the strategic investment vehicle for insurer Massachusetts Mutual Life Insurance.
Consumer financial services provider Synchrony Financial and investment manager Wellington Management also took part in the round. George Miller, TransUnion’s senior vice-president of global fraud and identity solutions, will join Payfone’s board of directors
Payfone offers digital authentication tools that enable businesses to verify the identity of customers during…
