Z

Zumigo

www.zumigo.com link_icon

Company Market Research Report: Zumigo, Inc.



Company Overview



  • Name: Zumigo, Inc.

  • Mission: To authenticate digital identities across the digital journey, reducing fraud and building trust in digital transactions.

  • Founded: 2009

  • Founders: Information about the specific founders is unavailable.

  • Key People:

  • Chirag Bakshi: CEO

  • Headquarters: San Jose, California, USA

  • Number of Employees: No specific information available.

  • Revenue: No specific information available.

  • Known For: Zumigo is known for its cutting-edge digital identity verification and authentication solutions designed to secure transactions, devices, and user accounts for some of the world's largest enterprises.


Products



Zumigo offers several products geared towards enhancing digital identity verification and fraud prevention:

1. Zumigo Assure Identity
  • Description: Verifies identity using Personally Identifiable Information (PII) associated with the consumer.

  • Key Features: Uses real-time mobile carrier and third-party data to verify identity at the point of account origination.


2. Zumigo Assure Risk Assessment
  • Description: Provides a comprehensive risk score representing the risk associated with a consumer's digital identity.

  • Key Features: Combines real-time insights from multiple sources to assess risk.


3. Zumigo Assure Authentication
  • Description: Enables day-zero consumer authentication at sign-up and sign-in.

  • Key Features: Uses multi-layered identity intelligence for continuous user verification.


4. Zumigo DeRiskify
  • Description: Protects e-commerce merchants from fraud and chargebacks while streamlining customer experience.

  • Key Features:

  • Order risk verification and secure onboarding.

  • Real-time risk scores adjust to transaction data, preventing fraud before it materializes.

  • Supports passwordless log-in for improved user experience.

  • Provides detailed transaction insights to merchants.


5. Zumigo Monitoring Services
  • Description: Detects changes in phone number status and sends alerts.

  • Key Features: Monitors phone number risk for proactive fraud prevention.


6. Zumigo Assure Radius
  • Description: Detects and verifies a user's mobile or computing device's IP location.

  • Key Features: Enhances fraud detection by incorporating geolocation data.


Recent Developments



  • Awards:

  • Zumigo DeRiskify won the "Fraud Prevention Innovation of the Year" award in the 2024 CyberSecurity Breakthrough Awards.

  • Previously won the "e-Commerce Solution of the Year" in the 2023 CyberSecurity Breakthrough Awards.


  • Product Enhancements:

  • Zumigo DeRiskify introduced passwordless login capabilities and enhanced transaction insights in recent updates announced at ShopTalk 2024.

  • The solution is now available as a plug-and-play app on major e-commerce platforms like Shopify and BigCommerce.


  • New Product Features:

  • Launch of QR code authentication functionality for passwordless login, enabling transfer of verified trust from mobile phones to personal workstations.


  • Partnerships:

  • Expanded collaboration with global mobile carriers and third-party data providers to strengthen their digital identity verification network.


  • Business Growth:

  • Announced record business growth in 2023, highlighting a surge in transactions and demand for mobile identity authentication products due to increased online transactions and fraud attempts during the COVID-19 pandemic.


Note: Specific financial results and the number of employees were not available in the provided data.