With 1 billion+ consumer and small business identity tokens under continuous management, Prove's Phone-Centric Identity platform helps companies mitigate fraud while accelerating revenue and reducing operating costs across all channels. The company holds over 200 identity authentication, identity verification, and fraud prevention patents.
Cyborg Score Rationale
Prove demonstrates strong market traction with 1,000+ enterprise customers across banking, fintech, healthcare, and e-commerce. The company has raised $279M and maintains significant intellectual property with 200+ patents. However, as a private company with limited public financial disclosure, growth visibility is constrained.
Top Insights
Solutions used by more than 1,000 businesses across banks, financial services, healthcare, insurance, and e-commerce
Company has raised $279M in total funding
Company was formerly known as Payfone
Partnership announced with Spinwheel's Credit Data AI Lab to enable AI solutions with trusted identity
Named Competitors
Sift — Fraud detection and identity verification
Ping Identity — Identity and access management
Veriff — Identity verification and AML screening
NoFraud — E-commerce fraud prevention
Recent Developments
(April 2026) Prove Identity Platform highlighted for enabling persistent identity layer in AI economy
(2024) Acquisition of UnifyID, a mobile behavioral biometric company
(2023) Acquisition of Early Warning Services' mobile authentication lines of business
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