Sumsub

What Sumsub does

Sumsub is a full-cycle identity verification and fraud prevention platform founded in 2015 by brothers Andrew, Jacob, and Peter Sever alongside Vyacheslav Zholudev, headquartered in London with primary operations in Cyprus and approximately 1,000 employees across eight offices in 70 countries. The company serves more than 4,000 clients spanning fintech, payments, neobanks, cryptocurrency exchanges, iGaming operators, trading platforms, mobility providers, and marketplaces, processing 12M+ verifications per month against 14,000+ document types from 220+ countries and screening against 50,000+ AML data sources. Its platform covers the entire customer journey from onboarding to ongoing monitoring, with core modules including User Verification (KYC), Business Verification (KYB), AML Transaction Monitoring, Fraud Prevention, and Travel Rule compliance for virtual assets.

The product architecture is built on proprietary AI/ML capabilities including an Adaptive Deepfake Detector with continuous self-learning, an iBeta Level 1 / ISO 30107-3 certified liveness engine, a Know Your Agent framework binding AI agents to verified human identities, an LLM-based Summy AI Copilot for compliance officers, and Model Context Protocol integration enabling AI agents to configure verification and compliance settings directly from regulatory documents. The platform meets SOC 2 Type II, ISO 27001, PCI DSS, GDPR, CCPA, and FedRAMP-ready certifications, and was recognized as a Leader in Gartner Magic Quadrant 2025, Forrester Wave Q3 2025, KuppingerCole Leadership Compass 2025, and Chartis RiskTech Quadrant for three consecutive years.

Sumsub operates a hybrid usage-based and subscription revenue model: a Basic tier at $1.35/verification with a $149 monthly minimum, a Compliance tier at $1.85/verification with a $299 monthly minimum, and custom enterprise contracts on multi-year terms. Distribution is API-first via Web SDK, Mobile SDK (iOS, Android, Flutter, Cordova, React Native), and Unilink no-code integration, complemented by co-sell partnerships with ComplyAdvantage, Chainlink, Fireblocks, Auth0, and Fingerprint. The company reported a €162 million revenue run rate as of late 2025 — having doubled revenue in 2024 — and joined the World Economic Forum Unicorn Community in 2026 as a privately held company valued above $1 billion.

Name

Sumsub

Legal name

Sum and Substance Ltd

Website

https://sumsub.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Sumsub is a full-cycle AI-native identity verification and fraud prevention platform founded in 2015, serving 4,000+ clients across fintech, crypto, iGaming, and marketplaces with KYC, KYB, AML, and Travel Rule compliance across 220+ countries.

Ownership category

akta.pro rank

Product category

Identity Verification

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI)

akta.pro secondary industries

KYC/KYB, Identity Verification & Customer Due Diligence (FSAFAOAE), KYC/KYB Identity Verification & Onboarding (FSADALAA), AML/KYC, KYB & Identity Verification (VASP/Travel Rule) (FSAPAJAC), Decentralized Identity & Verifiable Credentials for Finance (DID/KYC Reuse) (FSAGAMAE)

Keywords

• Identity verification
• KYC compliance
• AML screening
• Fraud prevention
• Business verification

Headquarters

HQ city

Limassol

HQ country

Cyprus

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. User Verification (Per Verification): Usage-based pricing per verification transaction. Customers are charged only for successful verifications. Minimum monthly commitments required for Basic and Compliance tiers.
2. Enterprise Platform Licensing: Custom pricing for enterprise clients requiring full platform access including KYC, KYB, AML monitoring, Travel Rule, and advanced fraud prevention capabilities.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Sumsub provides an AI-powered, full-cycle identity verification platform covering KYC, KYB, AML screening, transaction monitoring, fraud prevention, and Travel Rule compliance. The platform verifies 14,000+ document types from 220+ countries with adaptive deepfake detection, behavioral analytics, and Reusable KYC credentials, delivered via REST API, Web/Mobile SDKs, and no-code Unilink integration. It targets regulated industries including fintech, crypto, iGaming, trading, payments, mobility, and marketplaces, serving 4,000+ client companies globally.

Product overview

Sumsub is a full-cycle verification platform providing a unified platform-plus-modules architecture for identity verification, fraud prevention, and compliance orchestration. The core product family comprises User Verification (KYC) for individual identity checks across 14,000+ document types from 220+ countries, Business Verification (KYB) for corporate entity and UBO verification, AML Transaction Monitoring for ongoing compliance surveillance, Fraud Prevention for multi-type fraud detection including deepfakes and synthetic identity, and Travel Rule for crypto regulatory compliance. These core offerings are augmented by specialized modules including Device Intelligence (device fingerprinting), AML Screening (AI-powered sanctions/watchlist monitoring), Summy AI Copilot (LLM-powered compliance assistant), Liveness & Deepfake Detection (adaptive biometric security), Non-Doc Verification (document-free identity via government databases), Email & Phone Verification (pre-KYC fraud screening), Case Management (centralized compliance investigation), Workflow Orchestration (no-code verification flow builder), Risk Scoring (dynamic AI-driven risk assessment), Reusable KYC (cross-platform credential), Video Identification (human-overseen verification), Crypto Monitoring (specialized blockchain compliance), Address Verification (proof of address), Questionnaires (dynamic AML/KYB forms), Fraud Networks (coordinated attack detection), and Know Your Agent (AI agent binding). The platform serves financial services, payments, neobanks, BNPL/lending, trading, crypto, iGaming, mobility, and marketplace industries with a single integrated system reducing manual effort by up to 94% and delivering 240% ROI according to Forrester consulting.

Differentiator

Problem solved

Functional benefit

Products and services

• User Verification (KYC)

Quantifiable outcome

• 240% ROI with payback in under 6 months
• +9 more outcomes

Named customers17 records

Segments7 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability12 records

Feature12 records

Partnerships

20 partnerships are on record, tiered major and core.

• EvenBet GamingmajorTechnology or Integration · 15 June 2026EvenBet Gaming integrated Sumsub's KYC API in Q1 2026, processing over 500,000 monthly verifications at 99.9% success rate for iGaming operators.
• MonavatemajorTechnology or Integration · 15 June 2026Payments provider Monavate reduced onboarding times from 3 days to 45 minutes using Sumsub's KYC API integration.
• ReapmajorTechnology or Integration · 11 June 2026Partnership to automate KYC and compliance for Reap's stablecoin-native cards and cross-border payments infrastructure. Leverages Sumsub's Reusable KYC capability supporting verification of 14,000+ identity documents from 220 countries.
• iMindmajorStrategic or Co-development Partner · 2 June 2026Partnership providing fraud prevention and AML/CFT compliance tools for South Korea's payments sector. Combines iMind's local regulatory expertise with Sumsub's AI-powered verification to address rising fraud risks.
• Auth0majorTechnology or Integration · 29 May 2026Integration enabling businesses to embed identity verification, AML screening, and fraud controls directly into user authentication and access management workflows via Auth0 Marketplace.
• ChainlinkcoreStrategic or Co-development Partner · 5 May 2026Partnership to integrate privacy-preserving KYC credentials into on-chain compliance workflows across Ethereum, Arbitrum, Avalanche, Polygon, and Base. Users receive reusable Cross-Chain Identity (CCID) credentials linked across multiple wallets without exposing personal data on-chain.
• MEXCmajorTechnology or Integration · 30 April 2026Integration of Sumsub's AI-powered verification tools including biometrics, liveness detection, and real-time risk analysis across MEXC's crypto exchange platform to strengthen compliance and combat AI-driven identity fraud.
• CrypFinemajorTechnology or Integration · 15 April 2026Partnership to enhance CrypFine's KYC, identity verification, anti-fraud measures, and compliance risk control capabilities for global cryptocurrency exchange operations.
• Go Digital Philippines (GDP)coreStrategic or Co-development Partner · 14 April 2026Strategic partnership formalized with MoU signing at Sumsub Digital Trust and AI Governance Forum in Manila. Aims to strengthen Philippines' digital economy through AI governance and digital identity solutions, supporting ASEAN 2026 Chairship.
• FingerprintcoreTechnology or Integration · 14 April 2026Device Intelligence powered by Fingerprint's technology for creating unique browser and device fingerprints to detect risky setups like virtual machines, incognito mode, or cloned apps.
• Financial Technology Association (FTA)coreStrategic or Co-development Partner · 14 April 2026Joined FTA as new member to represent digitally native fintech firms across payments, lending, banking, investing, and financial infrastructure, advocating for modern regulatory frameworks.
• ApprovelymajorTechnology or Integration · 2 April 2026Partnership integrating automated KYC and AML screening into unified onboarding and payments platform for regulated gaming markets, combining Sumsub's international compliance coverage with Approvely's US gaming sector presence.
• ApprovelymajorTechnology or Integration · 31 March 2026Embedding identity verification into Approvely's payments ecosystem serving gambling merchants in North America, enabling scalable onboarding across regulated markets.
• ApprovelymajorTechnology or Integration · 30 March 2026Embedding Sumsub's automated KYC and AML screening into Approvely's onboarding and payments stack for regulated gaming markets in North America. Covers 220+ countries addressing synthetic identity fraud, multi-accounting, and bonus abuse.
• ComplyAdvantagecoreTechnology or Integration · 26 March 2026Strategic partnership integrating ComplyAdvantage's AI-native Mesh intelligence layer into Sumsub's verification and monitoring suite for enhanced AML screening. Delivers 95% automation of KYC/AML reviews, 70% fewer false positives, and 50% faster customer onboarding. Sanctions updates processed in under one minute.
• QIE PassmajorTechnology or Integration · 25 March 2026Decentralized identity system using Sumsub for KYC verification, offering partner exchanges verification at approximately $0.50 per user. Aims to reduce KYC costs by up to 50% with reusable credentials.
• BlueSPACE, INETCOmajorStrategic or Co-development Partner · 13 March 2026Launch of TrustNET, an AI-driven platform for secure, compliant digital banking in West Africa. Integrates identity verification, fraud prevention, and infrastructure resilience.
• Financial Data and Technology Association (FDATA)coreStrategic or Co-development Partner · 6 February 2026Joined FDATA to advance secure and consumer-centric open finance in North America through participation in working groups focused on US policy, Canada, and write-access standards.
• NoahmajorTechnology or Integration · 4 February 2026Partnership delivering compliance and verification engine for AML and KYC processes in the financial sector.
• FireblockscoreTechnology or Integration · 3 February 2026Integration for Travel Rule compliance in virtual asset transactions, enabling seamless adherence to the FATF Travel Rule for digital asset transfers and supporting evolving regulatory standards.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Jumio: Jumio is a direct KYC and identity verification competitor serving banks, fintechs, crypto, and online platforms with AI-powered document and biometric verification, very similar in product scope and target customers to Sumsub.
• Onfido (Entrust): Onfido, now part of Entrust, offers AI-based identity verification, KYC onboarding, and fraud detection aimed at regulated industries including fintech and crypto. It is one of the closest direct competitors to Sumsub's User Verification and Liveness stack.
• Persona: Persona provides a configurable identity verification platform with KYC, KYB, AML screening, and fraud signals, targeting fintech, crypto, and marketplaces. It overlaps with Sumsub's full-cycle verification and orchestration approach.
• Veriff: Veriff offers AI-powered identity verification, KYC, and age estimation used by fintechs, mobility, and online platforms. It competes with Sumsub in document verification and biometric liveness detection.
• Trulioo: Trulioo provides global identity verification, business verification (KYB), and AML screening across 195+ countries, comparable in cross-border coverage and regulated-industry focus to Sumsub's 220+ country footprint.
• iDenfy: iDenfy offers KYC, AML, KYB, and biometric verification with liveness detection, serving fintechs, crypto, and iGaming operators with a similar mid-market and enterprise mix as Sumsub.
• Alloy: Alloy is an identity orchestration platform for banks and fintechs that aggregates KYC, AML, KYB, and fraud vendors into a single API. It overlaps with Sumsub's Workflow Orchestration and Fraud Networks capabilities.
• GBG (GBG Group): GBG provides identity verification, KYC, AML, and fraud prevention for financial services, gaming, and regulated enterprises globally. Its identity data and verification suite is directly comparable to Sumsub's core offering.

Broad incumbents

• ComplyAdvantage: ComplyAdvantage is a large AML and sanctions screening platform with a 'Mesh' intelligence layer now integrated into Sumsub. It competes in adjacent AML and transaction monitoring segments and serves many of the same regulated financial customers.
• LexisNexis Risk Solutions: LexisNexis Risk Solutions is a broad incumbent providing identity verification, fraud analytics, KYC, and AML data to banks, insurers, and government agencies. It overlaps with Sumsub in AML screening, fraud prevention, and risk scoring, though it operates across a much wider compliance portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sumsub
• Xx.com/Sumsubcom
• Facebookfacebook.com/sumsub

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds3 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sumsub