Prove completes acquisition of MEDICI Global

Prove has announced the acquisition of MEDICI Global. With this transaction, Prove substantially accelerates its global capabilities in high-growth markets. MEDICI has built a global audience for its thought leadership content that will expand Prove’s sales and business development activities and bolster its marketing capabilities.

Prove is the modern way of proving identity with just a phone number. With 1 billion+ consumer and small business identity tokens under continuous management, Prove’s Phone-Centric Identity platform helps companies mitigate fraud while accelerating revenue and reducing OPEX across mobile, desktop, tablet, contact center, and in-store channels

Prove customers will enjoy immediate benefits from this acquisition:

● Country-specific KYC and strong authentication regulatory advisory to navigate the complexities of providing seamless digital identity authentication while being compliant and thwarting fraud;

● Access to MEDICI’s award-winning Inner Circle for the most relevant analysis of the changing landscape in digital identity, KYC, regtech, and fintech.

MEDICI has been at the forefront of mapping the impacts of the fast-evolving payments landscape in the EU with the impact of PSD2 and SCA, as well as the explosive growth of fintech in markets such as India and Brazil, the adoption of new enabling technologies such as blockchain, and the emergence of new players in neo banking and platform lending. The MEDICI research team has continuously catalogued the rapid changes in the growing industry since 2013, especially the evolving regulatory updates, the advent of national identity infrastructures such as India Stack, and the rise of API-driven innovation in financial services.

Founder Amit Goel, now VP India & Global Advisory at Prove, says, “I am excited to join a pioneering company that’s fundamentally transforming digital experiences with its proprietary Phone-number Identity Network. There’s an urgent need for this technology in Asia’s high growth markets.”

MEDICI Founder and CEO, Aditya Khurjekar, says, “We built our platform to enable at-scale innovation in fintech with domain depth and ecosystem-wide engagement. The MEDICI team is looking forward to bringing our passion for this space to Prove in the next phase of the company’s growth journey.”