Socure, a leading provider of digital identity verification and fraud solutions, today announced a partnership with J.P. Morgan signed a $95 million line of credit over three years with Silicon Valley Bank and KeyBank Capital Markets.

This line of credit further strengthens the company’s financial position as it continues its mission of being the first and only solution provider to verify 100% of good identities in real-time and completely eliminate identity fraud on the Internet increase.

“Socure is in an exceptional position to solve what organizations and government agencies need most today — accurate and inclusive real-time identity verification without costly fraud and friction within the customer experience,”

“With this facility further strengthening our balance sheet, Socure is in a tremendous position to leave the recession much stronger than when we went into it while continuing to distance ourselves from the competition through investments in new solutions, verticals, and strategic acquisitions.”

“J.P. Morgan is an incredibly innovative bank,”

“I’m excited about this partnership as Socure continues to expand upon our product and market leadership.”

founder and CEO of Socure, Johnny Ayers.

“We’re proud to support Socure as it continues to expand its market-leading identity verification capabilities across banks, fintechs, governments and enterprises,”

“We look forward to continuing to share our industry expertise, treasury platform and global banking capabilities with progressive leaders like Socure who are driving forward the Innovation Economy.”

Lauren Hogan, Technology & Disruptive Commerce Relationship Executive, Middle Market Banking & Specialized Industries at J.P. Morgan.