Prove Stock
| Valuation | $1.35B1, 2 |
| Valuation Date | Oct 17, 2023 |
| Implied Valuation | $743.12M |
| Last Price | $6.00 |
| 52-Week High | $8.05 |
| 52-Week Low | $5.82 |
| YTD Return | -18.92% |
| 1-Year Return | -24.24% |
| 3-Year Return | -45.16% |
| Total Funding | $215M2, 3 |
| Latest Round Amount | $40M4 |
| Latest Round | Series I |
| Funding Rounds | 9 |
| IPO Status | Unknown |
| Expected IPO Date | n/a |
| Revenue | n/a |
| Revenue Type | n/a |
| P/S Ratio | n/a |
About Prove
Prove is a digital identity company that helps banks, fintechs, marketplaces and other businesses verify people, authenticate returning users and stop fraud. It uses phone, device and telecom signals rather than passwords, document scans or selfies. The Prove Identity Platform includes Prove Pre-Fill, which auto-fills applications with verified identity data, plus unified authentication, human-assurance checks and tools for verifying AI agents. Prove makes money by selling these identity APIs and platform services to enterprises, including 19 of the top 20 U.S. banks. Prove was originally named Payfone before rebranding in 2020.
Invest in Prove
Prove is a private company, so you can't purchase it with a regular brokerage account. However, its shares are available on Clarity (formerly Hiive).
Clarity is a secondary marketplace where accredited investors can buy and sell shares of private, pre-IPO companies. Invest in the world's most exciting startups before they go public.
Invest on ClarityStock Analysis may be compensated for user sign-ups through Clarity links. Clarity is not affiliated with Stock Analysis. Securities offered by Clarity Capital Limited, member of FINRA/SIPC.
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News
Prove Unveils The Trust 25, Recognizing Leaders From Uber, Citi, PayPal, Visa, and 20+ Other Organizations Solving the Hardest Problems in Digital Identity
NEW YORK--(BUSINESS WIRE)--Prove, the leader in digital identity, today announced The Trust 25, a new industry recognition program honoring 25 executives who are redefining how businesses establish tr...
Blend And Prove Cut Application Drop-Off By 16% For Banks And Credit Unions
SAN FRANCISCO--(BUSINESS WIRE)--Blend Labs, Inc. (NYSE: BLND), a leading digital origination platform for banks, credit unions, and mortgage lenders, today announced measurable results from its integr...
Prove and Velocity Partner to Bring Verified Identity to Enterprise Stablecoin Payments
Prove partnered with Velocity to embed identity verification into enterprise stablecoin payments so counterparties can be confirmed before, during and after a transaction. The companies are targeting ...
Prove Launches Identity Platform as the Trust Layer for an Agentic World
Prove launched the Prove Identity Platform as a unified trust layer for verifying people, businesses and AI agents across the customer lifecycle. The company also expanded its Agentic Suite so consent...
Prove Accelerates Global Innovation with Expansion of Ireland R&D Hub
Prove said it will invest more than $5 million in its Ireland operations and create 50 jobs as it expands the country's role as a product-development hub. Ireland-based teams recently helped ship Unif...
Prove Launches Global Identity Graph to Redefine Digital Trust for 90% of Digital Consumers
Prove launched the Prove Identity Graph, a tokenized identity layer that links people to national IDs, devices, phone numbers and authentication keys. The company said the graph covers more than 90% o...
Prove Partners with Hard Rock Bet to Deliver Elite Onboarding and Enhance Player Experience
Prove announced a partnership with Hard Rock Bet to use Prove Pre-Fill for sportsbook and iCasino sign-ups. Hard Rock Digital said the integration is meant to speed onboarding while checking players a...
Prove Launches Unified Authentication Solution with Passive, Persistent Customer Recognition
Prove launched Unified Authentication, a product that recognizes returning customers across channels using a device-bound cryptographic key rather than SMS one-time passwords. The company said the sol...
Prove Acquires Portabl to Advance Seamless, Secure, and Interoperable Identity Networks
Prove acquired Portabl, a reusable-identity startup that uses W3C verifiable credentials. Prove said the deal adds wallet-based credentials and digital signatures to its phone-centric verification net...
Prove Identity Launches Solutions in AWS Marketplace to Elevate Digital Customer Experiences
Prove said its identity verification and authentication products are now available in AWS Marketplace. The listing covers Pre-Fill and Prove Auth and is meant to simplify procurement for AWS customers...
Prove Identity Partners with BetMGM to Elevate Security and Enhance Sports Betting Experience for March College Basketball
Prove partnered with BetMGM to use Prove Pre-Fill for sports betting and iGaming onboarding. BetMGM said the integration is also intended to reduce bonus and promotion abuse.
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Prove Identity Secures $40 Million in Funding Led By Massmutual Ventures and Capital One Ventures
Prove announced a $40 million funding round led by MassMutual Ventures and Capital One Ventures. The company said it would use the capital for global expansion and new fraud and commerce products.
Prove Identity Partners with Visa to Make Customer Onboarding 79% Faster While Enhancing Security
Prove partnered with Visa so Visa clients can use Prove Pre-Fill for loyalty-account enrollment. Visa said the integration is meant to speed sign-ups and reduce identity and bot fraud.
Prove Identity to Offer Seamless and Secure Gaming Experiences to FanDuel Customers
Prove said FanDuel selected Prove Pre-Fill for sportsbook sign-ups, making FanDuel the first tier-one U.S. sportsbook on the product. FanDuel said the goal is a faster signup flow with less account-op...
Payfone Raises $100 Million Led by the Apax Digital Fund
Payfone, later rebranded as Prove, raised $100 million led by Apax Digital to acquire strategic assets and expand its identity platform. The round also included MassMutual Ventures, Synchrony and Well...