INCLINE VILLAGE, Nev., August 19, 2022--(BUSINESS WIRE)--Socure, the leading provider of digital identity verification and fraud solutions, announced today that Inc. magazine has ranked Socure among the nation’s fastest-growing private companies. Socure earned a top third position at No. 1,397 on the Inc. 5000 2022 list after generating triple-digit revenue growth between 2018 and 2021. Notable companies previously named to the list include Microsoft, Oracle, Under Armour, and Patagonia.

Joining the Inc. 5000 is only the latest honor for Socure, which, within the past year, has been named to the 2022 Forbes Cloud 100 List (for the second year running), Forbes America’s Best Startup Employers 2021, The Fintech 250, and Deloitte’s Technology Fast 500.

Socure is the market leader in identity verification and fraud prevention. Its graph-defined platform combines advanced machine learning and artificial intelligence with all elements of a consumer's identity to deliver the most accurate and robust identity verification and proofing, Know Your Customer (KYC), and fraud risk prediction solutions in the market. The company has built the most comprehensive identity graph in the industry, which analyzes and correlates every facet of a digital identity. The graph utilizes over 17,000 features, 8 billion rows of data, and a continuous feedback loop of decision outcomes for 1,100 customers while delivering the highest-assurance assessments of new users in the market.

"Earning a place on the Inc. 5000 list is tremendous recognition of our team’s accomplishments. Whether it’s helping our customers to auto-approve the underbanked and hard-to-identify, or helping government agencies fight identity fraud and get benefits to those most in need, accurate and equitable identity verification is imperative," said Johnny Ayers, founder and CEO of Socure. "We’re solving what’s previously been unsolvable, and our work is having a positive impact on people’s lives. I am incredibly proud and grateful for the tremendous progress our team is making in being the first to verify 100% of good identities and completely eliminate identity fraud on the internet. I take this opportunity to congratulate the entire Socure team for this recognition."

"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," said Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."

Socure’s customers rely on its platform’s ability to not only provide the most precise identity fraud classification model in the industry, but to deliver unparalleled accuracy with auto-approval rates of up to 98% for mainstream demographics, and up to 94% for the hard-to-identify populations such as Gen Z, millennial, credit invisible, thin-file, and new-to-country. This dramatically reduces false positives, manual reviews, and customer friction, allowing Socure customers to drive tens of millions of dollars in incremental revenue by onboarding more good consumers quickly, and safely.

For the full Inc. 5000 list, including company profiles and an interactive database, please visit: https://www.inc.com/inc5000/2022.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.

Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from physical government issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time. The company has more than 1,100 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, seven of the top 10 card issuers, the top three MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top Buy Now, Pay Later (BNPL) providers, and over 250 of the largest fintechs. Marquee customers include Chime, SoFi, Varo, Gusto, Public, Stash, and DraftKings. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220819005023/en/

Angela Griffo Socure 917-915-8563 angela.griffo@socure.com

Markets correspondent Jared Blikre takes a look at the declining pricing for cryptocurrencies bitcoin and ethereum as the FDIC issue letters to five crypto companies.

In the world of stock legends, George Soros stands out. While his political activities have been a lightning rod for controversy, no one can doubt his financial acumen. After all, he’s the ‘man who broke the Bank of England,’ and made a billion dollars in one day when he shorted the Pound Sterling back in 1992. His hedge fund, Soros Fund Management, showed three decades of sustained gains, averaging 30% annual returns through the year 2000. During this time, and today in the management of his pe

Yahoo Finance Live co-anchor Seana Smith looks at several trending stocks moving in after-hours trading.

The stock rose as much as 272% but is up about 175% as of 1:25 p.m. ET. The tech stock's gain came on the day of its initial public offering (IPO). Given the way the stock is soaring, the market apparently thinks the IPO was underpriced.

A 20-year-old USC student has made a $110 million profit from trading meme stock favorite Bed Bath & Beyond, following a frenzy in Wednesday’s trading session.

BEIJING (Reuters) -A Shanghai court on Friday sentenced Chinese-Canadian billionaire Xiao Jianhua, not seen in public since 2017, to 13 years in jail and fined his Tomorrow Holdings conglomerate 55.03 billion yuan ($8.1 billion), a record in China. Xiao and Tomorrow Holdings were charged with illegally siphoning away public deposits, betraying the use of entrusted property, and the illegal use of funds and bribery, the Shanghai First Intermediate Court said. China-born Xiao, known to have links to China's Communist Party elite, was last seen whisked away in a wheelchair from a luxury Hong Kong hotel in the early hours with his head covered, a source close to the tycoon told Reuters at the time.

(Bloomberg) -- The US mortgage industry is seeing its first lenders go out of business after a sudden spike in lending rates, and the wave of failures that’s coming could be the worst since the housing bubble burst about 15 years ago. Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysApple Targ

Jake Freeman cashed out his 6% stake in the meme stock after it exploded on Tuesday.

Back up the EV on shares of General Motors, says this one analyst.

Shares of StoneCo (NASDAQ: STNE), a cloud-based technology platform, plummeted Friday morning after the company reported its second-quarter results, which disappointed investors, and announced yet another shift to its management team. The company reported non-GAAP (adjusted) earnings of 0.25 Brazilian reals (equivalent to $0.05), which was an increase from a loss of 0.48 reals in the year-ago quarter, but was below Wall Street's consensus estimate of about 0.57 reals, or $0.11 per share. StoneCo's revenue in the quarter was 2.3 billion reals (about $442 million), 5% higher than the company's guidance, and up 275% from the year-ago quarter.

Strategists at Citi Research say the current bear-market rally is in line with the length of an average bear-market bounce, and sentiments improved as much as it typically does. These signs suggest a possible end soon.

It's no wonder Altria's (NYSE: MO) stock has lost more than a fifth of its value in just a couple of months. Marketing partner Philip Morris International (NYSE: PM) is getting cold feet on working with Altria to sell its IQOS heated tobacco device while also just acquiring the leading competitor to Altria's own smokeless tobacco products. At the same time, the federal government all but obliterated Altria's $13 billion investment in Juul Labs, the one-time electronic-cigarette leader.

For investors looking to maximize their wealth by the time they retire, the following pair of beaten-down businesses that possess strong growth capabilities are a worthwhile place to start. Freelance marketplace operator Fiverr (NYSE: FVRR) was a pandemic-lockdown superstar. Although Fiverr's stock price is down 65% in 2022 and off 82% from its all-time high, the freelance shop is still growing, albeit at a slower rate as SMBs became more cautious due to rampant inflation and rising energy costs and interest rates.

(Bloomberg) -- One big force at the center of the two-month equity rally is showing signs of fatigue. Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysApple Targets Sept. 7 for iPhone 14 Launch in Flurry of New DevicesIt’s the behavior of short sellers, whose frantic efforts to unwind bearish

(Bloomberg) -- Billionaire Ryan Cohen pocketed a $68.1 million profit from the sale of his stake in Bed Bath & Beyond Inc., scoring a 56% gain on an investment he held for roughly seven months.Most Read from BloombergUS Mortgage Lenders Are Starting to Go BrokeMueller Memo Advising Barr on Trump Findings Is Ordered ReleasedStocks Slide as Short-Sellers Cash In on Fedspeak: Markets WrapXi and Putin to Attend G-20 Summit in Indonesia, Jokowi SaysApple Targets Sept. 7 for iPhone 14 Launch in Flurry

Question: I had $225,000 in my 401(k) and then I rolled over $125,000 to an annuity at 7%, as I wanted income. Should I hire a financial adviser to help? Answer: Congrats on your impending retirement — and know that it’s totally normal to feel like now may be the time to hire a financial adviser.

Home sale cancellations soared in July. But why?

The slowdown in consumer tech has been well chronicled. The bigger problem is that the issues may now be spreading to business spending.

The stock market might be at a crossroads once again. In recent weeks, we’ve seen some solid gains, mostly across the board, as a rally has taken hold and moderated year-to-date losses on the major indexes. But is this rally running out of steam? Taking the bearish view of the current environment is Morgan Stanley’s chief US equity strategist Mike Wilson. He sees the gains right now as a bear market rally, and believes that markets will likely turn down again in the longer term. Laying out his p

Yahoo Finance's Julie Hyman and Brian Sozzi discuss Rivian dropping its low-cost electric truck option.