5 April 2022Press Releases
NASDAQ listed and global leader in digital identify verification and fraud prevention, Mitek has acquired the UK based HooYu in a £98 million deal.
HooYu provides UI and UX tools to deliver customised mobile or desktop digital journeys, helping to increase the integrity of KYC processes and maximise the percentage of customers that can be successfully onboarded.
This acquisition will help organisations gain a more unified picture of the consumer by marrying biometrics, ID document validation, geolocation and identity confidence scoring with real-time data signals.
Brad McAvoy, Corporate Finance Partner at James Cowper Kreston said “It was a pleasure working with the Mitek team on the acquisition. The combined technologies of Mitek and HooYu will enhance Mitek’s global position in the identity management market.”