How Sumsub hit $50M revenue and 2K customers in 2023.
Sumsub is a single verification platform offering customizable KYC (Know Your Customer), KYB (Know Your Business), Transaction Monitoring and Fraud Prevention solutions. The company's platform is designed to help businesses comply with regulatory requirements, prevent fraud, and ensure secure transactions. Sumsub's proprietary technology uses artificial intelligence and machine learning to verify identities, analyze documents, detect potential risks and prevent fraud. In 2023, Sumsub, a leading KYC provider, was transformed into a full-cycle verification platform to secure the whole user journey. With 2000+ clients in trading, crypto, marketplaces, sharing economy, gambling, fintech, and transportation industries, Sumsub focuses on global expansion and regional developments in LATAM, MENA and APAC. The company's clients are regulated and non-regulated businesses that require secure and compliant online transactions. Sumsub has offices in London, Berlin, Limassol and Singapore and a global customer base. The company has gained recognition for its innovative approach to compliance and has been the recipient of multiple awards for its products and services.
2015
Founded
$50M
2023 Revenue
11.11%
YOY
$37.5M
Funding
Sumsub Revenue
In 2023, Sumsub revenue run rate hit $50M in revenue.
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2023
Sumsub hit $50M in revenue in 2023
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2022
Sumsub hit $45M in revenue in 2022
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2022
Sumsub hit $45M in revenue in 2022
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2022
Sumsub hit $45M in revenue in 2022
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2021
Sumsub hit $25M in revenue in 2021
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2021
Sumsub hit $25M in revenue in 2021
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2020
Sumsub hit $8.4M in revenue in 2020
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2019
Sumsub hit $1M in revenue in 2019
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2015
Sumsub launched in 2015 with $0 revenue
Sumsub Funding History
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2022 Series B
Sumsub raised a Series B of in December, 2022
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2020 Series A
Sumsub raised a Series A of in December, 2020
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2017 Seed
Sumsub raised a Seed of in October, 2017
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| December, 15 2022 | Series B | ||
| December, 07 2020 | Series A | ||
| October, 19 2017 | Seed |
Team
Sumsub has 363 total employees and 31 sales reps that carry a quota. They have 2,000 customers an engineering team of 49
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 363 |
| Engineer | 49 (13%) |
| Sales | 31 (9%) |
Founder / CEO
Andrew Sever
Andrew has been CEO at Sumsub since he co-founded the company in 2015. He leads the company's operations, business development, sales, and global expansion. Under his leadership, Sumsub has grown from a small startup to a leading full-cycle verification platform with 450+ employees, 5 international offices and 2,000+ clients across 220 countries and territories. The industries adopting Sumsub’s solutions include fintech, crypto, gaming, trading, e-commerce and transportation.
Q&A
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What's your age?
37
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Favorite online tool?
JetBrains.com
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Favorite book?
Stanford Podcast
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Favorite CEO?
None
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Advice for 20 year old self
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Customers
Churn
Sumsub Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Andrew Sever | CEO | [email protected] | - |
Sumsub Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Andrew Sever | CEO | [email protected] | - |
Sumsub Board of Directors
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Andrey Severyukhin | Board Member | [email protected] | - |
Frequently Asked Questions about Sumsub
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When was Sumsub founded?
Sumsub was founded in 2015.
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How much revenue does Sumsub generate?
Sumsub generates $50M in revenue.
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Who is the CEO of Sumsub
The CEO of Sumsub is Andrew Sever.
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How much funding does Sumsub have?
Sumsub raised $37.5M.
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How many employees does Sumsub have?
Sumsub has 363 employees.
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Where is Sumsub headquarters?
Sumsub is headquartered at London, England, United Kingdom
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