Sumsub Logo

SumSub

Functionality

KYC Aggregator

Description

Sumsub is a global verification provider offering KYC, AML, and compliance solutions for crypto and fintech.
Cyprus
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Bio

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.

Year Founded

2015

Locations

Cyprus

Key Market

Financial Services

Features

Adverse Media

Ongoing Monitoring

Screening

Transaction Monitoring

Market Focus

Segmentation

  • SME

Target Markets

  • Fintech
  • Transportation
  • Crypto
  • Carsharing
  • Marketplaces
  • iGaming
  • Trading
  • Payment

Local Group

  • Onfido
  • Veriff
  • Idenfy
  • ID/Verse

Data sources and Integrations

  • Unilink
  • Web SDK
  • Mobile SDK
  • API

Market Map

Sumsub Market Map

Strengths

  • Great global coverage and decent rates per check
  • Users are usually verified in under 50 seconds

Weaknesses

  • The quality of the OCR technology isn't good
  • The pass rates can be questionable judging the data and picture quality

Pricing

Sumsub offers three pricing plans:
  1. Basic Plan: $1.35 per verification; $149 minimum monthly commitment. Ideal for non-regulated businesses.
  2. Compliance Plan: $1.85 per verification; $299 minimum monthly commitment. For regulated businesses with AML screening.
  3. 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

Great international coverage but not the best quality

Raised

N/A

Round Details

Sumsub has raised a total of $37.5 million in funding across three rounds

  • Series B: $30 million (Dec 15, 2022)
  • Series A: $6 million (Dec 8, 2019)
  • Seed Round: $1.5 million (Oct 19, 2017)

Investors

Flint Capital

Executives

Andrew Sever
Co-Founder & Chief Executive Officer
Jacob Sever
Co-Founder & Chief Innovation Officer
Peter Sever
Co-Founder & Chief Strategy Officer
Vyacheslav Zholudev
Co-Founder & Chief Technical Officer
N/A