Socure Review
7.2/10General-purpose US identity-decisioning platform, PA-Certified for gaming service, with a multi-year DraftKings agreement (ID+ = KYC plus Global Watchlist, 2021, still named today) and a PrizePicks case study, riding a self-reported 65% revenue-growth wave from prediction markets and sportsbook operators in 2025 on more than $340M ARR.
Our read
RiskOS orchestration (98% auto-approvals, up to 90% manual-review cut, vendor-stated) over Verify against 400+ sources, Predictive DocV on the Berbix engine, Sigma fraud, Digital Intelligence, and Global Watchlist, plus bank-account verification across 30+ markets from Feb 2026, on US-centric data with accuracy figures vendor-stated.
PA PGCB Certified (Socure, Inc., exp 02/22/2027, the higher PA class) plus FedRAMP Moderate (2025-03, public authorization trail, credited with 130% public-sector growth), while the SOC and ISO badges carry no on-page issuer and there is no UK DIATF by design.
Single-integration ID+ platform with RiskOS no-/low-code decisioning and case management from the Effectiv heritage, public developer docs, and reason-code explainability in one decision, held back by enterprise-only sales with no self-serve and a stack stitched from Berbix, Effectiv, and Qlarifi.
The strongest US-gaming trail in the tier-2 field, DraftKings multi-year since 2021 (ID+ = KYC plus Global Watchlist, still named today) plus a PrizePicks case study and 65% revenue growth from prediction markets and sportsbook operators in 2025 (self-reported), but the on-page gaming quote does not name its operator and gaming is one vertical on a banking core.
The cleanest conduct file among the US-lens majors, no breach, no BIPA class action, and no FCRA/FTC/CFPB enforcement found (2026-07-11), with CNBC Disruptor 50 (2026) and $340M+ ARR / 62% growth / 134% NDR self-reported, docked for downturn layoffs (about 104 or 19% in Jan 2023 plus about 69 or 13% mid-2022) and a Profitable label that is not GAAP-audited.
No public pricing, enterprise sales only, firmly in the opaque camp of the transparency board.
Methodology. Our own score, a weighted average of six dimensions, tilted toward verification coverage and compliance. Weighted on the identity-verification scale, where verification coverage leads at 0.22 and compliance follows at 0.20, a fit for a vendor whose decisioning breadth and US register anchor carry the score while opaque commercials drag one dimension well below the rest. Read the full methodology
- The strongest US-gaming trail in the tier-2 field: PA Certified (Socure, Inc., exp 02/22/2027, the higher PA class), a multi-year DraftKings agreement since 2021 (ID+ = Intelligent KYC plus Global Watchlist, still named on the company page today), and a PrizePicks case study.
- Gaming is a live growth engine, not a legacy vertical: prediction markets and sportsbook operators represented 65% of Socure's revenue growth in 2025 (self-reported), positioning it across both the sportsbook and the new prediction-markets surface as DraftKings and PrizePicks entered that market in late 2025.
- A genuine decisioning platform in RiskOS: one integration returns a decision plus reason codes, with vendor-stated 98% auto-approvals and up to 90% manual-review reduction, built out through the Berbix and Effectiv acquisitions.
- The cleanest conduct record among the US-lens majors: no data breach, no BIPA or facial-privacy class action, and no FCRA, FTC, or CFPB enforcement found in two targeted sweeps (2026-07-11), rare for a data-heavy US identity vendor.
- Real, self-reported profitable-growth scale: more than $340M ARR, 62% year-over-year new-ARR growth, 134% net dollar retention, and 3,000+ customers in Q1 2026, plus FedRAMP Moderate (2025-03) and a US identity graph spanning 18 of the top 20 banks and 400+ sources.
- General-purpose rather than a gambling specialist: the core book is banking, fintech, and government, gaming is one vertical, and the only on-page gaming customer quote (Karl Gambin, VP of Fraud and Payments) does not name the operator.
- US-only footprint until recently: no UK DIATF, no international registers, and bank-account verification across 30+ markets only arrived in February 2026, so it is not a fit for EU or UK-first operators.
- Opaque pricing: no public pricing of any kind, enterprise sales only, the opposite of the vendors in this segment that publish a per-check rate.
- "Profitable" is vendor-stated, not audited: the Q1 2026 headline reads Profitable Growth but discloses no GAAP net income, and the $18.5M net-profit figure is a Sacra estimate for FY2025, not a filed number.
US-regulated sportsbooks, DFS and skill-games, iGaming, and prediction-markets operators that want a register-Certified single decisioning platform with deep American identity data and continuous AML monitoring.
EU or UK-first operators, since there is no DIATF and the data is US-centric, and anyone who needs published pricing or a gambling-native specialist instead of a general-purpose platform.
Markets & licensing
Socure's regulatory story in gaming rests on one register that matters: Pennsylvania lists Socure, Inc. as a Certified gaming service provider, expiration 02/22/2027, on its Authorized Certified and Registered list as of 3/24/2026. Certified is the higher of Pennsylvania's two classes, above Registered, and in a category with no gambling-license registers that state entry is the load-bearing US anchor. Alongside it sits a FedRAMP Moderate authorization (2025-03) with a public federal marketplace trail, which is a public-sector-grade security signal rather than a gaming approval. The SOC 2 and ISO badges on the company page carry no on-page issuer or report class, so they read as vendor-stated. There is no UK DIATF entry, which is expected for a US-centric platform.
The United States is the whole business, and the gaming-relevant proof is a Pennsylvania PGCB Certified registration for Socure, Inc. that runs to February 2027, the higher PA class. FedRAMP Moderate (2025-03) adds a public federal security authorization that drove 130% public-sector customer growth by the vendor's own account. The identity data depth is American to the core, 18 of the top 20 banks and 400+ sources, which is precisely why a US-regulated sportsbook or DFS operator shortlists it.
There is no UK DIATF certification and no international register presence, and the data that makes Socure strong is US-centric. Bank-account verification across 30+ markets only arrived in February 2026, the first real step outside the American core. Operators with a UK or EU-first book should look at the DIATF-certified vendors in this segment instead.
- Pennsylvania PGCB Certified gaming service providerPennsylvania
- Socure, Inc. on the Authorized Certified and Registered Gaming Service Providers list, Certified class (the higher of the two), the load-bearing US gaming anchor · Exp 02/22/2027 · on the list as of 3/24/2026 · Approved Certified GSP list as of 12/19/2025
- FedRAMP Moderate authorizationUnited States (federal)
- Public-sector security authorization with a public marketplace.fedramp.gov trail, credited with 130% public-sector customer growth post-authorization · Authorized 2025-03 (announced 2025-03-27)
- SOC 2 and ISO badgesUnited States
- AICPA SOC and ISO badges displayed on the company page, with no on-page issuer or report class published · Vendor-stated · read 2026-07-11
Licensing tier: A single US gaming register plus a federal security authorization, both public, against a segment where the deepest players carry DIATF certs on both sides of the Atlantic. Socure's PA Certified class beats a mere Registered entry, but the trail is US-only by design and the SOC/ISO badges have no issuer to check.
The 2021 eleven-states KYC-for-gaming PR named Colorado, Illinois, Indiana, Iowa, Michigan, and New Hampshire approved with New Jersey, Pennsylvania, Tennessee, Virginia, and West Virginia filings in progress at the time, but the one currently checkable register entry is the PA Certified row.
No restricted-market list applies: Socure sells from Nevada into US regulated books and holds no gambling license a restriction could attach to (2026).
Platform & capabilities
The feature set: what's built in. Capabilities light up when present. Anything not shown isn't offered or isn't disclosed.
Integrations & engineering
One contract and one API instead of a separate deal per studio, feed, or PSP. Here's what connects, how fast, and on what stack.
Everything funnels through the ID+ platform and one integration, with RiskOS as the orchestration layer that routes the modules and returns a single decision plus reason codes. A REST API and an image-capture SDK cover Predictive DocV, while Verify, Sigma, Digital Intelligence, and Global Watchlist all resolve through the same call. The gaming relationships are with operators (DraftKings, PrizePicks) rather than with the B2B platforms and PSPs in this directory, so the directory cross-edges are thin and the weight is on the named-operator evidence class.
No public claim for iGaming (2026). Products are enterprise-sold, the developer docs are the dev.socure.com class, and the DraftKings win came through a proof-of-concept, so the real calendar comes out of the sales and POC process.
Products & tools
One integration into the ID+ platform, orchestrated by RiskOS: Socure Verify against 400+ data sources, Predictive DocV with the Berbix forensics engine, Sigma fraud scoring, Digital Intelligence device signals, and Global Watchlist with continuous monitoring, all returning a decision plus reason codes.
RiskOS Decisioning Platform
The AI/ML decisioning and orchestration layer built out of the 2024 Effectiv acquisition: it routes the underlying modules, returns a single decision with reason codes, and carries the two headline gaming numbers on the vertical page.
- Vendor-stated 98% auto-approvals and up to 90% reduction in manual review, attributed to the platform on the gaming page (2026)
- Reason-code explainability on every decision, the pitch that separates it from a plain pass/fail check
- No-/low-code rules, model routing, and case management inherited from Effectiv
- Orchestrates Verify, Predictive DocV, Sigma, Digital Intelligence, and Global Watchlist under one call
- The decisioning technology Effectiv ($136M, Oct 2024) was bought to build
Socure Verify & Predictive DocV
The identity core: Socure Verify correlates thousands of data points across 400+ sources for KYC and age checks, while Predictive DocV runs document verification, facial match, and liveness on the Berbix forensics engine that detects fake and AI-generated IDs.
- Verify correlates identity signals across 400+ trusted online and offline sources (vendor-stated)
- Predictive DocV 3.0 pairs Berbix forensics with data extraction and Socure image capture
- Document verification across 190+ countries (vendor-stated, 2026)
- Age-verification support for the compliance use case
- Fake-ID and spoof detection is the forensics engine bought with Berbix ($70M, Jun 2023)
Global Watchlist with Monitoring
Sanctions, PEP, and watchlist screening with continuous monitoring, the component DraftKings runs alongside Intelligent KYC for ongoing player-eligibility checks across daily fantasy, sportsbook, and iGaming.
- Continuous player-eligibility monitoring for AML/KYC that keeps running after the signup screen
- Half of the ID+ suite DraftKings selected in 2021 (Intelligent KYC plus Global Watchlist)
- Screens against sanctions, PEP, and watchlist data with ongoing rescreening
- Paired with Sigma Identity Fraud and Digital Intelligence for a fuller risk view
- Bank-account verification across 30+ international markets added Feb 2026
On the record
The history that matters: the milestones, the scale, the awards, and who runs it.
Johnny Ayers and Sunil Madhu founded Socure in 2012, and it grew into a general-purpose US identity-verification and fraud-decisioning platform whose core book is banking, fintech, and government rather than gambling. It entered gaming as a high-growth vertical, winning a multi-year DraftKings agreement in 2021 and a PrizePicks integration in 2023, and turned itself into a decisioning platform by acquisition: Berbix for document forensics in 2023, Effectiv for real-time decisioning in 2024, and Qlarifi for BNPL credit data in 2025. Headcount peaked around 550 in 2021-22, was cut twice in the downturn, and has regrown since on what the vendor calls profitable growth. It remains independent and VC-backed, having raised roughly $650M over about 14 rounds, the largest a $450M Series E in November 2021 at a $4.5B valuation, with no IPO and no sale.
Brands & clients on the platform
Corporate
- Berbix (2023)
- Effectiv (2024)
- Qlarifi (2025)
Leadership
Milestones
- 2012
Johnny Ayers and Sunil Madhu found Socure, building a general-purpose US identity-verification and fraud-decisioning platform for banking, fintech, and government.
- 2021
A January PR announces KYC for online gaming in eleven US states, and an April multi-year agreement puts DraftKings on the ID+ suite (Intelligent KYC plus Global Watchlist) across daily fantasy, sportsbook, and iGaming. The $450M Series E closes in November at a $4.5B valuation.
- 2022-2023
Headcount is cut in the downturn (about 69 in mid-2022, about 104 in January 2023), then Berbix is acquired for about $70M (June 2023) to launch Predictive DocV 3.0 and PrizePicks integrates Socure for real-time KYC (September 2023).
- 2024
Effectiv is acquired for $136M (October) to form the decisioning engine under RiskOS, unifying identity and fraud into one platform.
- 2025
FedRAMP Moderate authorization lands (March), Qlarifi is acquired for its BNPL credit database (December), and prediction markets and sportsbook operators drive 65% of Socure's revenue growth for the year (self-reported).
- 2026
Bank-account verification across 30+ markets launches (February), Q1 results report more than $340M ARR with 62% growth and 134% NDR, and Socure is named to the CNBC Disruptor 50 (May).
Where they're pushing next
- Prediction markets and sportsbook operators (65% of revenue growth in 2025, self-reported)
- International bank-account verification across 30+ markets (from Feb 2026), the first step past the US core
- Public sector on the back of FedRAMP Moderate (130% customer growth post-authorization)
Awards & recognition
Trust signals
The checks an operator runs before signing: incidents, enforcement, ownership, and longevity, from our research.
Socure vs alternatives
The same attributes, side by side, from our normalized provider set, useful for seeing where this vendor fits against its peers.
| Attribute | Socure | Prove | GBG | Jumio |
|---|---|---|---|---|
| Founded | 2012 | 2020 | 1989 | 2010 |
| Team | — | — | 1,300+ | — |
| US market | Available | Available | Available | Available |
| Pricing | Not published | Not published | Not published | Not published |
| Country coverage | 190+ countries | US-centric | 195 countries | 200+ countries and territories |
| UK DIATF | None | None | UK OfDIA DIATF statutory regi… | Yes |
The take: Prove is the direct US-lens rival with the freshest sportsbook roster (FanDuel, BetMGM, Hard Rock Bet) on a phone-centric method, where Socure counters with deeper identity data and a Certified PA class against Prove's Registered one. GBG matches the PA Certified class and adds a UK DIATF register plus affordability depth that Socure lacks, while Jumio carries the deepest named-operator roster in the segment but the heaviest legacy file. Pick Socure when a clean conduct record, a single decisioning platform, and deep US identity data outweigh published pricing and international coverage.
Pricing & terms
Socure quotes pricing on request. Exact figures come at the deal stage, under NDA. Here's what's public about the model and terms.
Enterprise sales only, with no per-verification or platform/consumption rate disclosed publicly (2026-07-11)
Turnkey
White-label
Support & account management
The service layer operators inherit: availability, the channels support runs on, and language coverage.
Frequently asked
The things operators actually ask before signing.
Is Socure a gambling specialist or a general-purpose IDV platform?+
General-purpose. The core book is banking, fintech, and government, with the company page citing 18 of the top 20 banks, 500+ fintechs, 13 US states, 30+ state agencies, two federal agencies, and more than 3,000 customers total (2026-07-11). Gaming is one high-growth vertical rather than the core, though it is a fast-growing one: prediction markets and sportsbook operators drove 65% of Socure's revenue growth in 2025 by the vendor's own account.
Which gaming operators use Socure, and how strong is the evidence?+
The two named ones are DraftKings and PrizePicks. DraftKings signed a multi-year agreement announced in April 2021, running the ID+ suite (Intelligent KYC plus Global Watchlist with Monitoring) across daily fantasy, sportsbook, and iGaming, and is still listed among customers on the company page today, so it is a current relationship, not a stale logo. PrizePicks integrated Socure in September 2023 for real-time KYC and identity-fraud detection, with a dedicated case study and a named customer listing. Both entered prediction markets in late 2025, extending Socure across that surface.
What is the deal with DraftKings and PrizePicks specifically?+
DraftKings selected Socure after a proof-of-concept that the vendor says showed a 4.5% frictionless auto-approval increase and a 14% manual-review decrease, with Global Watchlist delivering continuous player-eligibility monitoring for AML and KYC. PrizePicks reported double-digit growth in new-member approvals and reduced fraud losses after implementing Socure. Both are tier-1 iGaming operators, and both relationships are named on Socure's own company page as of July 2026, which is why the gaming footprint reads as real rather than aspirational even though gaming is not the company's core.
Is Socure a registered US gaming vendor?+
Yes, in Pennsylvania. The PGCB lists Socure, Inc. as a Certified gaming service provider with an expiration of 02/22/2027, on the Authorized Certified and Registered list as of 3/24/2026. Certified is the higher of Pennsylvania's two classes, above Registered, which matters in a category that has no gambling-license registers at all. A January 2021 PR also described KYC for online gaming across eleven US states, but the PA Certified row is the currently checkable register entry.
Why is there no public pricing, and is Socure actually profitable?+
Socure sells enterprise-only, with no per-verification or platform rate published anywhere, which puts it in the opaque column against the segment vendors that post a rate card. On profitability, the Q1 2026 results are headlined Profitable Growth and report more than $340M ARR, 62% year-over-year growth, and 134% net dollar retention, but the release discloses no GAAP net income, so profitable at Q1 2026 is a vendor characterization. The one net-profit figure in circulation, about $18.5M for FY2025, is a Sacra estimate and not a filed number.