Global law firm Baker McKenzie has advised Jumio, the leading provider of AI-powered end-to-end identity orchestration, eKYC and AML solutions, in its acquisition of 4Stop, the leading data marketplace and orchestration hub for KYB, KYC, compliance and fraud prevention.
4Stop’s technology, when combined with Jumio’s award-winning solutions, will enable organizations to manage the entire customer identity lifecycle with a single, unified platform, and will allow for rapid configuration and integration through one easy and intuitive API layer.
This acquisition follows the launch of Jumio’s intuitive no-code orchestration layer for its KYX Platform and will accelerate Jumio’s business and technology objectives to establish itself as a leader in digital identity orchestration.
This deal was led by Palo Alto-based Partner Lawrence C. Lee. The Baker McKenzie deal team included Marcela Robledo (San Francisco) and Jieun Tak (New York), and also included the following lawyers in Germany, Canada, and the United Kingdom:
Germany
Corporate: Tino Marz, Stephan Gönczöl
IT/Data Privacy: Holger Lutz, Tobias Born
IP: Markus Hecht, Felix Jehle
Commercial: Roman Kaiser
Employment: Christian Koops
Tax: Thomas Gierath
Compliance: Eva Kriechbaumer, Anahita Thoms, Alexander Ehrle
Public: Janet Butler
Real Estate: Till Pflug
Antitrust: Nicolas Kredel, Markus Mossmann, Jonas Brückner
Canada
Corporate: Nancy Hamzo
UK
M&A: Kirstie Trup, Patrick Sharkey
Jumio’s mission is to make the internet a safer place by protecting the ecosystems of businesses through a unified, end-to-end identity verification, eKYC and AML platform. The Jumio KYX Platform offers a range of identity proofing and AML services to accurately establish, maintain and reassert trust from account opening to ongoing transaction monitoring. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe and Asia Pacific and has been the recipient of numerous awards for innovation.
Based in Germany and founded in 2016, 4Stop’s global data and risk marketplace brings together their proprietary real-time anti-fraud technology with the largest selection of premium global data services for identity, transaction and compliance available in a pick-and-choose model.