Prove Identity raises $40 million in funding, led by MassMutual Ventures and Capital One Ventures.

BlockBeats news on October 18th, digital identity solution provider Prove Identity announced the completion of a $40 million financing round led by MassMutual Ventures and Capital One Ventures. The funds will be used to launch new business support and anti-fraud use cases, continue Prove's global expansion, and address the evolving threats faced by all public and private institutions in the digital economy. Prove claims its clients include nine of the top 10 banks in the United States, two of the top three cryptocurrency exchanges in the world, three of the top five retailers in the United States, two of the top three healthcare companies in the United States, and six of the top 10 insurance companies in the United States.