Jumio Completes 4Stop Acquisition

Jumio has finalized its acquisition of 4Stop. The two companies first announced the proposed acquisition in December, though they indicated that the deal would not close until early 2022.

That timeline has proven to be quite accurate. Jumio and 4Stop managed to complete their deal in mid-January, which will in turn allow Jumio to move forward with its plans to integrate 4Stop’s data management hub into its own identity verification portfolio.

In that regard, 4Stop’s platform draws information from more than 650 data sources in nearly 200 countries all over the world. Clients gain access to that information through a single consolidated API, and can use it to guard against fraud and comply with various Know Your Customer and Know Your Business regulations.

Jumio, meanwhile, is best known for remote onboarding solutions that use face and document recognition to compare a selfie to the image on a photo ID. The company believes that 4Stop’s simple API will make its identity verification products easier to manage, since clients will be able to deploy and configure a Jumio offering through that one API layer. 4Stop’s tech will also allow administrators to monitor account activity and evaluate their level of risk.

“Jumio is once again disrupting the entire identity industry and redefining what modern organizations need in order to provide complete customer lifecycle management,” said Jumio CEO Robert Prigge. “We are thrilled to complete this acquisition and welcome 4Stop to the Jumio family.”

The news formalizes the existing relationship between Jumio and 4Stop, which integrated Jumio’s identity verification tech into its own platform back in 2019. Jumio would later name 4Stop as its Strategic Partner of the Year for the EMEA region in its Partner of the Year awards presentation in early 2021. 4Stop is based in Germany, while Jumio recently revealed that its 2021 revenues doubled what the company generated in 2020.

–

January 19, 2022 – by Eric Weiss