Founded in 2015, Sumsub is a global verification platform providing KYC, AML, and fraud prevention solutions. It helps businesses securely onboard users, monitor transactions, and comply with regulations worldwide.
It has received excellent ratings on Glassdoor, with a score of 4.2.
Users are usually verified in under 50 seconds, which improves the user experience.
A broad range of identity verification solutions is offered, tailored to various sectors.
The service complies with regulatory requirements in multiple jurisdictions, ensuring the safety of businesses.
Weaknesses
The on-boarding process may be overwhelming for some businesses unfamiliar with verification systems.
While it offers valuable services, the pricing may be high for smaller businesses.
Changing laws and regulations in various markets could impact Sumsub's operational strategies.
Pricing
Sumsub offers three pricing plans:
Basic Plan: $1.35 per verification; $149 minimum monthly commitment. Ideal for non-regulated businesses.
Compliance Plan: $1.85 per verification; $299 minimum monthly commitment. For regulated businesses with AML screening.
Enterprise Plan: Custom pricing based on specific needs.
A 14-day free trial is available, with add-on costs for extra services.
Aventine Rating
Aventine Comment
The Sumsub website is truly impressive, showcasing a strong value proposition for all segments. I'm particularly struck by their Glassdoor rating of 4.7—kudos to their exceptional executive team!