MassMutual Ventures and Synchrony Ventures have come on board as investors as the identity authentication technology provider prepares to expand into new sectors.
US-based identity authentication system developer Payfone received $23m in funding yesterday in a round featuring corporate venturing subsidiaries of insurance firm Massachusetts Mutual Life Insurance and financial services provider Synchrony Financial.
MassMutual Ventures and Synchrony Ventures invested alongside individuals Anil Aggarwal, Jonathan Weiner and Andrew Prozes.
Founded in 2008, Payfone provides a digital identity authentication platform that authenticates online identities, comparing millions of signals with multiple authentication factors in order to create what it calls a Trust Score for each…
