M&A Deal Summary

Socure Acquires Effectiv

On October 24, 2024, Socure acquired internet software and services company Effectiv for 136M USD

Acquisition Highlights
  • This is Socure’s 2nd transaction in the Internet Software and Services sector.
  • This is Socure’s largest (disclosed) transaction.
  • This is Socure’s 2nd transaction in the United States.
  • This is Socure’s 2nd transaction in California.

M&A Deal Summary
Date 2024-10-24
Target Effectiv
Sector Internet Software and Services
Buyer(s) Socure
Deal Type Add-on Acquisition
Deal Value 136M USD

Target

Effectiv

San Francisco, California, United States
Effectiv is a real-time fraud & risk decisioning platform for FIs & Fintechs. Enable AI-driven solutions for onboarding, transaction monitoring, underwriting, authentication events, and more. Effectiv was founded in 2021 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Socure

Incline Village, Nevada, United States
Category Company
Sector Internet Software and Services
DESCRIPTION

Socure is a 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. Socure is based in Incline Village, Nevada.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-27 Berbix

San Francisco, California, United States

Berbix is a startup that developed a high-accuracy document verification solution with a patent-pending forensics engine able to detect spoofed IDs including AI-generated fakes that are visually indistinguishable to the human eye. Berbix is based in San Francisco, California.

Buy $70M
Mergr

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