Transaction Security

Selected Company Profiles
Company Profile: Zumingo
Products & Services Overview
Landscape Category(s)
Mobile Device
Authentication /
Identification Solutions
CEO:
Headquarters:
Company Overview
Chirag Bakshi
San Jose, CA
Founded: 2008
• Zumigo provides mobile-centric authentication solutions that
leverage location, identity and network data; the Company’s
API’s can be integrated into websites, mobile applications,
transactional networks and core banking systems
• The Company enables banks merchants to authenticate instore
and online transactions with location and identity data
• In March 2015, Zumigo launched the industry’s first ever
location-based merchant payments validation service to
prevent online credit card fraud, Zumigo Assure Payments
• Zumigo currently has a presence in the US and India, but
plans on expanding into Europe
o
o
Zumigo Assure Radius:
Security
Checks that the location
of consumer is where the
ATM or merchant
transaction is occurring
Locates consumer’s
mobile phone though
operator networks
o
Offers
Zumigo Assure Identity:
Identifies device with multi-factor
authentication leveraging the
network
o
Validates the mobile
device and its owner by
cross-checking and
verifying with the
contractual data with the
mobile operator
Zumigo Assure Authentication:
Selected Financing / M&A Transactions
Date $ mm Type Commentary
08/22/14 $6 Financing
Secured financing from Intel
Capital and Aligned Partners
Source: Company website, FT Partners proprietary database, Capital IQ, Crunchbase.
o
o
o
Zumigo Reach will only target customers near the
business – based on a customizable proximity
Determines loyal customers and makes special offers
when they are nearby the place of business
Runs on phone’s network, not through a mobile app
93