Jumio's earlier investors include Eduardo Saverin, co-founder of Facebook, TIBCO Software Inc., a global leader of enterprise software solutions and Peng T. Ong, board director at SingTel, founder of Match.com, Interwoven and Encentuate. Jumio was founded by Daniel Mattes in 2010 and has raised $32 million to date.

Jumio's patent-pending Netswipe solution turns any webcam into a secure credit card reader, allowing merchants to easily and efficiently accept payments online, making it the first and only solution that enables online card-present transactions. Additionally, Jumio offers a solution for mobile phones and tablets.

Jumio will use the new funding for team growth and product development.

Verifying a user online - Jumio introduces Netverify

Today we also unveiled Netverify, the company's newest product for online merchants.
Built with the same patent-pending technology as Netswipe, Netverify turns any camera into an ID reader. It is the easiest way for website owners to confirm a customer's identity in real time. Netverify eliminates the need for consumers to scan and fax copies of their ID. Instead, they simply hold their ID up to a camera (webcam, mobile phone, tablet), Netverify scans it and the merchant gets an instant verification.
Netverify is designed as a stand-alone tool when an online identification of a user is necessary or as back-up security measure in the sensitive online payment space. With Netverify users do not need any additional hardware.

"Netswipe has been very well-received in the market and Netverify is already making a difference for our customers. There is a real need for seamless, accurate and secure online payments and the possibility to identify a person online. Andreessen Horowitz' confidence in and involvement with Jumio is a strong indicator of its potential for the market." - Daniel Mattes, founder and CEO, Jumio.

"Daniel and the Jumio teamm understand the challenges facing online merchants when it comes to battling credit card and identity fraud because they're dyed-in-the-wool entrepreneurs themselves and they have encountered the problems that Jumio aims to solve. Jumio's technology is a huge leap forward for online payments with potential to transform even more industries." - Scott Weiss, general partner, Andreessen Horowitz

"I am excited to be part of this company. Jumio's approach is both technologically disruptive and user-friendly in a payments market which is desperate for consumer centric innovation." - Eduardo Saverin, Facebook co-founder and director on the board of Jumio.