18 August 2017
Find out more

Mobile ID scoring startup Juvo raises $40 million

01 August 2017  |  6103 views  |  0 back of one dollar note

Mobile identity scoring startup Juvo has raised a $40 million Series B funding round led by New Enterprise Associates (NEA) and Wing Venture Capital.

Juvo emerged from stealth mode 10 months ago with the goal of establishing financial identities for creditworthy consumers excluded from the formal banking system. The company has so far partnered with seven telcos, including Cable & Wireless and Millicom, applying data science-based credit algorithms to identify previously anonymous prepaid subscribers.

“Today, there are over two billion underbanked people in the world - most of whom have a mobile phone. Juvo reaches these individuals, identifies them as creditworthy and provides access to financial services,” says Steve Polsky, CEO of Juvo. “It has been an exciting ride to date, surrounded by passionate people who believe deeply in Juvo’s mission. This new funding will allow Juvo to expand and deepen our product offerings as well as continue to build the best in class teams in data science, financial services and consumer mobile services.”

Early investors in the company, including the former CEOs of AT&T Wireless, NYSE, Sprint, Telefonica International and Vodafone Group, have each taken part in the latest B round.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Mobile ID scoring firm Juvo goes global

Mobile ID scoring firm Juvo goes global

09 September 2016  |  6743 views  |  1 comments | 3 tweets | 5 linkedin

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.niceactimize.comdownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
7384 views comments | 21 tweets | 22 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7236 views comments | 19 tweets | 23 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
5975 views 1 | 5 tweets | 3 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
5835 views comments | 10 tweets | 7 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
5801 views comments | 11 tweets | 9 linkedin

Featured job

London, UK (or flexible)

Find your next job