ID Verification Startup Jumio Files For Bankruptcy
Assets could be sold to early backer and Facebook cofounder Eduardo Severin.
The once-hyped identity verification startup Jumio has voluntarily begun Chapter 11 bankruptcy proceedings, reports TechCrunch. Jumio was launched in 2010 and got early backing from Facebook cofounder Eduardo Saverin, among others. The company created an innovative way to check and verify the authenticity of photographic identification by allowing a user to simply hold that ID up to a webcam or mobile phone's camera. Some of its major clients include United Airlines, Airbnb, and EasyJet.
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