CAPITAL ONE FINANCIAL CORP acquired Confyrm, a transaction announced in May 2018.
Confyrm operates in Consumer Identity Services / cybersecurity. Confyrm is a digital-identity security startup that built the Confyrm Event Warning System, a platform of shared, privacy-preserving identity alerts that give early detection of digital identity risk by notifying providers across an ecosystem of suspicious account activity. This helps mitigate the impact of online fraud and account takeover for both identity providers and consumers without storing or abusing personal data. Following the acquisition, Confyrm's team joined Capital One, with its founder leading Capital One's growing Consumer Identity Services team.
Brings shared identity-signal and fraud-detection technology and talent in-house to scale Capital One's consumer identity protection and reduce online fraud across the transaction ecosystem.
Advisory firms were not disclosed for this transaction.