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Mitek Acquires Uk-Based Hooyu In All Cash Gbp 98 Million Deal

PUBLIC · MITKMar 23, 2022

Acquiring Company

Mitek

Acquired Company

HooYu

San DiegoInformation TechnologyFinancial ServicesSoftwareMobileSecurityFintech

Description

Mitek (NASDAQ: MITK), a global leader in digital identity (ID) verification and fraud prevention, today announced the acquisition of UK’s leading KYC (know your customer) technology pioneers, HooYu. The acquisition helps to ensure businesses know the true identity of their customers by linking biometric verification with real-time bureau and sanction database checks.

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Company Information

Company

Mitek

Location

San Diego, California, United States

About

Mitek (NASDAQ: MITK) is a global leader in digital access, founded to bridge the physical and digital worlds. Mitek’s advanced identity verification technologies and global platform make digital access faster and more secure than ever, providing companies new levels of control, deployment ease and operation, while protecting the entire customer journey. Trusted by 99% of U.S. banks for mobile check deposits and 7,900 of the world’s largest organizations, Mitek helps companies reduce risk and meet regulatory requirements.

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Frequently asked

Who acquired HooYu?

HooYu was acquired by Mitek, based in San Diego. The deal was reported on March 23, 2022. Mitek (NASDAQ: MITK) is a global leader in digital access, founded to bridge the physical and digital worlds. Mitek is publicly traded (MITK) and operates in Information Technology.

When did Mitek acquire HooYu?

Mitek's acquisition of HooYu was reported on March 23, 2022. Mitek (NASDAQ: MITK), a global leader in digital identity (ID) verification and fraud prevention, today announced the acquisition of UK’s leading KYC (know your customer) technology pioneers, HooYu. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does HooYu do?

HooYu is a global customer onboarding platform that provides UI and UX tools to deliver customized mobile or desktop digital journeys. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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