Sumsub

The platform consolidates four core product lines under a single configurable dashboard: User Verification (KYC), Business Verification (KYB), Transaction Monitoring, and Fraud Prevention. All four modules are orchestrated without code, allowing operators to deploy identity checks at any point in a customer journey. Coverage spans 14,000+ document types across 50+ languages, enabling cross-border onboarding without region-specific integrations. A 2024 Forrester Consulting study commissioned by the company reported a 240% ROI for clients deploying the platform. Business verification flows complete in an average of 30 seconds at 90% pass rates, per Sumsub's own benchmarks.

Sumsub holds a measurable position in the digital-asset compliance sector: the company reports that six of the ten largest global crypto exchanges run its verification infrastructure, and its client base encompasses more than 1,800 virtual asset service providers (VASPs). Its Travel Rule compliance module and Crypto Monitoring solution address the regulatory requirements that exchanges and VASPs face under FATF guidance and the EU's MiCA framework. In March 2024, Sumsub integrated Chainalysis blockchain analytics into its Transaction Monitoring product. In November 2024 it added Elliptic for wallet screening and fraud detection. A 2025 partnership with TRM Labs layered on-chain risk scoring directly into the Crypto Monitoring interface, and a separate integration with Alchemy Pay deployed Travel Rule compliance across that firm's full fiat-to-crypto payment suite. In April 2026, MEXC announced a partnership with Sumsub to address AI-generated identity fraud across the exchange's global user base.

Sumsub's annual research quantifies the threat environment its products serve. Its 2024 Crypto Industry Report recorded a 48% year-on-year rise in fraud across crypto platforms, with document forgery accounting for 31% of detected fraud cases. A 2025 follow-on study found AI-driven multi-step fraud attacks up 180% globally, fraud rates holding at 2.2% of all crypto verification attempts, and 74% of crypto firms now prioritizing verification accuracy over onboarding speed.

The company was co-founded by Andrey Sever and brothers Jacob and Peter. It raised a seed round in 2017 led by Flint Capital and individual investor Ilya Perekopsky, a Series A in 2019 led by MetaQuotes Corporation, and a $30 million Series B in 2022, bringing total disclosed funding to approximately $36.6 million. Headcount stood at approximately 987 as of early 2026. Sumsub was named a G2 Leader in identity verification and fraud detection across multiple categories in the Winter 2025 reports. Its reusable identity suite (Sumsub ID and Web3 Attestation) targets the regulatory tightening of digital-asset onboarding requirements across jurisdictions, with crypto compliance volumes expected to grow as MiCA implementation broadens across EU member states.