INCLINE VILLAGE, Nevada., 15 August 2024 /PRNewswire/ — sourcethe leading provider of artificial intelligence for digital identity verification, sanctions screening and Fraud Prevention today announced it has been named to the Inc. 5000, the annual list of the fastest-growing private companies in America, for the third consecutive year, delivering triple-digit revenue growth from 2020 to 2023. The prestigious ranking provides a data-driven look at the most successful companies in the economy’s most dynamic segment – its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia and many other well-known brands gained their first national exposure as Inc. 5000 honorees.
“Our repeated inclusion in the Inc. 5000 list not only underscores the continuous innovation of our solutions, but also the critical importance of accurate and comprehensive identity verification across multiple sectors,” said Johnny AyersFounder and CEO of Socure. “As companies and organizations across all industries continue to fully digitize key consumer services – from e-commerce to telemedicine to government services – the ability to enable trusted identity decisions across the digital economy is paramount. I am grateful for this recognition and the unwavering commitment of our incredible team to our mission to identify 100% of good identities and eliminate identity fraud entirely. Fraud.”
Socure’s patented Socure ID+ platform offers a high standard of identity verification and proof, Know Your Customer (KYC), document verification, Fraud Risk prediction and validation of bank account ownership through a purpose-built end-to-end solution suite via a single API. The platform assesses every element of identity and obtains a 360-degree view of an individual based not only on a foundation of personally identifiable information, but uses AI to evaluate tens of thousands of data points, digital signals and historical behavior to make instant trust and risk decisions.
The Inc. 5000 class of 2024 represents companies that have achieved rapid revenue growth while navigating inflationary pressures, rising capital costs and seemingly insurmountable hiring challenges. Among this year’s top 500 companies, the average three-year median revenue growth rate is 1,637 percent. In total, this year’s Inc. 5000 companies added 874,458 jobs to the economy over the past three years.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Michael Hofmannwho recently joined Inc. as Editor in Chief. “As a journalist and storyteller, it’s fascinating to me to see all the fascinating and surprising ways companies are transforming industries, from healthcare and AI to apparel and pet food. Congratulations also to this year’s honorees, who grew their companies rapidly despite the economic upheavals we’ve all faced over the past three years, from supply chain issues to inflation to changes in the labor market.”
More about Incl. and the Inc. 5000
methodology
Companies on the 2024 Inc. 5000 are ranked by percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generate revenue by 31 March 2020You must US.-based, privately held, for-profit and independent – no subsidiaries or divisions of other companies – from December 31, 2023.
To Incl.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Incl. aims to inform, educate and raise the profile of our community: the risk-takers, the innovators and the extremely motivated doers who are shaping our future. Incl.‘s award-winning work reaches a monthly brand presence of more than 40 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters and social media. The company’s proprietary Inc. 5000 list, compiled annually since its inception as the Inc. 100 in 1982, analyzes company data to identify the fastest-growing private companies in the United StatesThe recognition that comes with inclusion in these and other prestigious Incl. Lists like Female Founders and Power Partners give the founders of top companies the opportunity to engage with an exclusive community of like-minded individuals and gain credibility that helps them increase revenue and recruit talent. For more information, visit www.inc.com.
About Socure
Socure is the leading provider of digital identity verification and Fraud Solutions. Its predictive analytics platform applies AI and machine learning techniques with trusted online and offline data intelligence to verify identities in real time. The company has more than 2,500 customers in financial services, government, gaming, healthcare, telecom and e-commerce, including four of the top five banks, the largest credit bureau and more than 400 fintechs. Organizations such as Capital One, Citi, Chime, SoFi, Green Dot, Varo, Ingo, Robinhood, Gusto, Public, Poshmark, Stash, DraftKings, PrizePicks and the State of California Trust Socure for accurate and comprehensive identity verification and Fraud Prevention. Find out more at socure.com.
SOURCE Socure
