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.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 3
Sector: Internet Software and Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 3
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-05 Qlarifi

London, United Kingdom

Qlarifi is a real-time BNPL consumer credit database that provides insightful underwriting data for BNPL lenders via consumers’ transaction history. With richer data, lenders can make more informed underwriting decisions, helping both BNPL providers and consumers.

Buy -