Prove (formerly Payfone): Funding, Investors & Team (Aug 2026)

Prove is the modern way for businesses to enable their customers to prove their identities with just a phone. Prove offers phone-centric solutions that enable its customers to acquire new consumers and engage with their existing consumers by removing friction while bolstering security, and enhancing consumer privacy and consumer choice. Prove's solutions are used by more than 1,000 businesses across diversified industries, including banks, financial services, healthcare, insurance, and e-commerce. Prove has two main solutions + MFA: • Prove Pre-fill™ for Onboarding & Digital Acquisition, which helps companies increase signups and mitigate account opening fraud by authenticating consumer identities, and auto-filling verified data in any channel. • Fonebook™ for Digital Servicing, which helps companies: - Access a single identity authentication platform that reduces complexity and total cost of ownership to create a holistic view of your customer across their entire channels - Manage, add, and update customer phone numbers to ensure you always have the right number for your customer Multi-factor Authentication: - Standard SMS & Voice OTPs - Instant Link™ (authenticate through SMS link without needing OTP) - Mobile Auth™ (authentication via cellular networks; passive method for passwordless login) - Voice Biometrics – Match against a consumer’s voice for authentication - Push Authentication – App-based method to prove Possession, can also pull in behavioral biometrics, device (PKI), and environmental (Wi-Fi, Bluetooth, network) signals - Secure transactions across multiple digital servicing use cases, including login, high-risk transactions, call center, and passwordless login

Prove (formerly Payfone) has raised $40.1M across 2 rounds on record. The most recent is an undisclosed round of $40.0M announced in Oct 2023.

Prove (formerly Payfone)'s most recent funding round on record is an undisclosed round of $40.0M, announced in Oct 2023.

Rodger Desai is listed as CEO at Prove (formerly Payfone).

Prove (formerly Payfone) is based in New York, United States.

Prove (formerly Payfone) is in the 251-500 employee band.

Prove (formerly Payfone)'s latest round of $40.0M is above the $6.0M median round size for Information Technology companies on FundedIQ across 3,144 tracked companies over the last two years.