Jumio files for bankruptcy, announces sale of business
March 23, 2016
Online and mobile credentials authentication company Jumio has filed for bankruptcy and has agreed to sell substantially all its assets to an entity formed by Eduardo Saverin, of Facebook founding fame and an early backer of the company. Jumio had raised roughly $38 million in funding, once being valued at $189 million with a $29 million raise in 2012. Previous investors include Andreessen Horowitz, Citi Ventures and Finaventures.