Identity Startup Socure to Acquire Effectiv for $136 Million
Socure Inc., an identity verification service provider used by companies such as Chime Financial Inc. and Robinhood Markets Inc., has agreed to acquire the fraud prevention platform Effectiv for $136 million in cash and equity. Effectiv helps businesses coordinate fraud prevention tools from multiple providers. By acquiring closely-held Effectiv, Socure is seeking to become a one-stop fraud prevention shop for enterprise customers. The deal will add new capabilities to Socure’s product suite, in...
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