TechFlow reports that identity verification solution provider Prove Identity has announced completion of a $40 million funding round led by MassMutual Ventures and Capital One Ventures. The company was valued at a double-digit figure in the financing, pushing its valuation past the $1 billion mark (though the exact number was not disclosed). The funds will be used to develop additional tools for digital payments, commerce, and fraud detection. Prove's technology links data from mobile SIM cards with smartphone-based capabilities such as facial recognition to authenticate users.
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