Sumsub today announced its acceptance into the World Economic Forum's Unicorn Community, an exclusive, invite-only network for private companies valued at over $1 billion that are shaping the digital economy. As a global leader in identity verification and fraud prevention, Sumsub joins this prestigious group at a critical time when digital trust faces unprecedented challenges from sophisticated AI-driven fraud.
Quick Intel
Addressing the Surge in Sophisticated Identity Fraud
Fraud tactics have evolved dramatically, with AI enabling complex, multi-step attacks that target every stage of the user journey—from onboarding to ongoing transactions. Sumsub counters these threats through end-to-end monitoring and advanced defenses designed to detect autonomous AI fraud agents executing coordinated schemes with minimal human input.
Promoting Digital Inclusion Alongside Security
Sumsub is working to lower barriers that prevent legitimate users from accessing digital services, particularly in regions with limited documentation quality or elevated fraud risks. Solutions such as Non-Document Verification and Reusable Identity allow secure, frictionless onboarding while maintaining robust compliance. Through initiatives like Greenflag—aligned with the UN SDG Leaders Programme—Sumsub highlights digital exclusion as a structural obstacle to economic growth.
Advancing Anti-Fraud Innovation Through Collaboration
To tackle emerging risks like deepfakes and synthetic media, Sumsub invests in long-term research and cross-sector partnerships. Its 2025-launched AI Academic Program unites industry and academia—including Nanyang Technological University—to develop technologies for deepfake detection and image protection. Collaborations with Interpol via initiatives such as SynthWave focus on raising awareness of new fraud patterns and enhancing international responses to AI-enabled crime.
"We are grateful to join the World Economic Forum Unicorn Community at a moment when trust in the digital world is being fundamentally tested," said Andrew Sever, co-founder and CEO of Sumsub. "AI is reshaping both fraud and defense, and our mission is to stay ahead of these threats while fighting digital exclusion and empowering people everywhere to access digital services safely and fairly."
Verena Kuhn, Head of Innovator Communities, World Economic Forum, added: "We are pleased to welcome Sumsub to the World Economic Forum Unicorn Community. Sumsub's work at the intersection of digital trust, fraud prevention, and inclusion reflects the type of innovation needed to build a secure and resilient digital economy, and we look forward to their contributions to our global initiatives."
As a member of the Unicorn Community, Sumsub will collaborate with leaders across government, business, and civil society to help define policies and practices for a more trustworthy digital future.
About the World Economic Forum
The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.
About Sumsub
Sumsub is a leading full-cycle verification platform that enables fraud-free, scalable compliance. Its adaptive, no-code solution covers everything from identity and business verification to ongoing monitoring – quickly adjusting to evolving risks, regulations, and market demands. Recognized as a Leader by Gartner, Liminal, and KuppingerCole, Sumsub combines seamless integration with advanced fraud prevention to deliver industry-leading performance.
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