Socure, the identity verification service, announced it has acquired Berbix for $70 million in cash and stock. Berbix focuses on verifying users’ identities by checking scanned IDs in real time. Socure takes a broader and multi-dimensional approach that includes both active and passive means to deter fraud in a wide range of sectors, ranging from e-commerce to healthcare. This is Socure’s first acquisition.
Socure Acquires Identity Verification Startup Berbix for $70M
