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Prove

To enable a secure digital world by becoming the global standard for trusted digital identity.

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Prove SWOT Analysis

Updated: October 5, 2025 • 2025-Q4 Analysis

The Prove SWOT Analysis reveals a company at a critical inflection point. Its core strength—proprietary MNO data—is a powerful competitive moat, evidenced by its entrenchment in top-tier enterprises. However, this strength is mirrored by a dependency risk and fierce competition from Big Tech. The primary opportunity is the escalating threat of AI-driven fraud, which perfectly positions Prove's passive verification as essential. To achieve its mission, Prove must now pivot from its enterprise-heavy focus to aggressively expand its global data network and simplify its go-to-market strategy for broader market capture. The strategy must be to frame itself not as a tool, but as the fundamental trust layer for the entire digital economy, transforming the AI threat into its most significant growth catalyst.

To enable a secure digital world by becoming the global standard for trusted digital identity.

Strengths

  • DATA: Phone-centric identity via direct MNO ties is a deep moat. (1)
  • CLIENTS: Embedded with 1,000+ top-tier enterprise finance/tech firms. (2)
  • PRODUCT: Pre-fill product shows 79% reduction in ATO fraud for clients. (3)
  • PERFORMANCE: High pass rates for good customers reduces abandonment. (4)
  • IP: Strong patent portfolio around phone line tenure and SIM swap. (5)

Weaknesses

  • AWARENESS: Brand recognition lags behind broader security competitors. (1)
  • COMPLEXITY: Long enterprise sales cycles (6-12 mos) slow new revenue. (2)
  • PRICING: Premium pricing can be a barrier for mid-market adoption. (3)
  • COVERAGE: International MNO data coverage is still expanding vs. US. (4)
  • INTEGRATION: Can require significant dev resources for deep workflow use. (5)

Opportunities

  • AI FRAUD: GenAI deepfakes make passive, real-world signals essential. (1)
  • PASSWORDLESS: Market shift to passwordless creates massive demand. (2)
  • VERTICALS: Expand into high-growth areas like gaming and healthcare. (3)
  • PARTNERSHIPS: Deeper channel partnerships to accelerate mid-market reach. (4)
  • PAYMENTS: Securing burgeoning real-time payment networks like FedNow. (5)

Threats

  • COMPETITION: Big Tech (Apple/Google) building native identity layers. (1)
  • REGULATION: Data privacy laws (GDPR) could restrict data signal access. (2)
  • MNO SHIFTS: MNOs could change data access policies or increase costs. (3)
  • FRAUD EVOLUTION: Adversaries targeting core infrastructure (SS7). (4)
  • SUBSTITUTION: Rise of decentralized identity could offer an alternative. (5)

Key Priorities

  • INNOVATE: Double down on product innovation to counter AI-driven fraud. (1)
  • EXPAND: Accelerate global MNO data expansion and mid-market GTM. (2)
  • DOMINATE: Solidify brand as the essential trust layer for the AI era. (3)
  • PARTNER: Deepen MNO and channel partnerships to secure data access. (4)

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Prove Market

  • Founded: 2008 (as Payfone)
  • Market Share: Leading share in phone-centric identity verification.
  • Customer Base: Top 10 banks, fintechs, healthcare, e-commerce, insurance.
  • Category:
  • SIC Code: 7372 Prepackaged Software
  • NAICS Code: 518210 Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services
  • Location: New York, NY
  • Zip Code: 10005 New York, New York
    Congressional District: NY-10 NEW YORK
  • Employees: 800
Competitors
Twilio logo
Twilio View Analysis
Telesign logo
Telesign Request Analysis
Jumio logo
Jumio Request Analysis
Onfido logo
Onfido Request Analysis
Socure logo
Socure View Analysis
Products & Services
No products or services data available
Distribution Channels

Prove Product Market Fit Analysis

Updated: October 5, 2025

Prove provides the modern standard for digital identity, enabling enterprises to accelerate revenue by securely onboarding more customers. It reduces fraud and operational costs by leveraging proprietary phone-centric data to create fast, frictionless, and trusted digital experiences that legacy methods can't match, stopping fraud before it starts.

1

ACCELERATE REVENUE: By safely approving more good customers, faster.

2

REDUCE FRAUD: By stopping bad actors before they can cause damage.

3

CUT COSTS: By automating manual reviews and reducing friction.



Before State

  • High-friction, slow customer onboarding
  • Significant fraud losses from ATOs/SIM swaps
  • Poor, frustrating user verification steps

After State

  • Fast, seamless, and secure digital experiences
  • Dramatically reduced fraud and operational costs
  • Increased customer trust and lifetime value

Negative Impacts

  • High customer abandonment rates in funnels
  • Reputational damage from security breaches
  • Rising operational costs for manual reviews

Positive Outcomes

  • Higher customer acquisition and conversion rates
  • Lower fraud-related financial losses
  • Improved brand perception as secure and modern

Key Metrics

Customer Retention Rates
>95% for enterprise clients
Net Promoter Score (NPS)
Estimated 50-60 range
User Growth Rate
Driven by client transaction volume
Customer Feedback/Reviews
4.8 stars on G2 (70+ reviews)
Repeat Purchase Rates
High; expansion revenue is key

Requirements

  • Real-time access to authoritative identity data
  • Easy API integration into existing workflows
  • Machine learning to detect sophisticated fraud

Why Prove

  • Leverage direct MNO data via the PROVE network
  • Provide simple, well-documented developer APIs
  • Continuously train Trust Score® with new data

Prove Competitive Advantage

  • Proprietary carrier data is hard to replicate
  • 10+ years of identity graph data and signals
  • Trust Score® is a unique, patented algorithm

Proof Points

  • 90% reduction in SIM swap fraud for clients
  • 79% reduction in account takeover fraud
  • 35% increase in customer approval rates
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Prove Market Positioning

Strategic pillars derived from our vision-focused SWOT analysis

1

NETWORK

Build the definitive global phone-centric identity network.

2

PLATFORM

Become the identity OS for enterprise-grade trust.

3

PASSIVE

Lead the market shift to frictionless, passive auth.

4

EXCLUDE

Consumer-facing identity apps, non-identity data brokering.

What You Do

  • Provides phone-centric digital identity data for verification.

Target Market

  • Enterprises needing to verify users and stop fraud.

Differentiation

  • Direct MNO integrations for authoritative data
  • Passive, frictionless user experience

Revenue Streams

  • SaaS subscriptions
  • Per-transaction fees
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Prove Operations and Technology

Company Operations
  • Organizational Structure: Functional structure with global sales and product teams.
  • Supply Chain: Data partnerships with Mobile Network Operators (MNOs).
  • Tech Patents: Holds numerous patents for phone-based identity verification.
  • Website: https://www.prove.com/
Prove logo

Prove Competitive Forces

Threat of New Entry

LOW: High barriers to entry due to the immense difficulty of replicating global MNO data contracts and years of curated identity data.

Supplier Power

HIGH: Significant dependence on a concentrated number of MNOs for the core data asset, giving them major pricing leverage.

Buyer Power

MEDIUM: Large enterprise clients have significant negotiating power, but high switching costs for an embedded solution mitigate this.

Threat of Substitution

MEDIUM: Decentralized identity (SSI) and native device-level biometrics (Apple/Google) present long-term alternative paths.

Competitive Rivalry

HIGH: Intense rivalry from well-funded specialists (Socure) and adjacent players (Twilio), plus emerging Big Tech solutions.

AI Disclosure

This report was created using the Alignment Method—our proprietary process for guiding AI to reveal how it interprets your business and industry. These insights are for informational purposes only and do not constitute financial, legal, tax, or investment advice.

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