NEW YORK--(BUSINESS WIRE)--Socure, the leading provider of digital identity verification and fraud solutions, today announced Scott Slipy joining as its chief people officer. In this executive leadership position, Slipy will support Socure’s hypergrowth by scaling up strategies to attract, retain, and develop innovative and high-performing teams as he furthers the impact-driven culture at Socure.
Slipy has held executive roles with global, market-leading organizations, including Microsoft, Cisco, and UnitedHealth Group, as well as earlier-stage businesses. He brings deep expertise and practical solutions to leadership development and organization design, creating inclusive, high-performance cultures.
Socure recently announced record financial results, achieving 126% annual recurring revenue growth, booking growth of 285% in the second quarter of 2021 as compared to the same quarter of 2020, and a net retention rate of 177% driven by near-zero attrition. The company continues to achieve record results as Socure ID+ has emerged as the preferred identity verification platform for the largest enterprises and is trusted by 4 of the 5 largest banks, 7 of the 10 largest credit card issuers, top Buy Now, Pay Later (BNPL) providers, top crypto exchanges, and the largest online gaming operators.
“Scott is a highly accomplished leader with a deep commitment to developing a high-performance culture where everyone on our team can reach their highest potential,” said Johnny Ayers, founder and CEO of Socure. “I look forward to working closely with Scott to continue to build a world-class working environment that attracts, engages, develops, and retains the most talented people in the industry on our way to eliminating fraud and ensuring 100% trust on the Internet.”
Throughout his career, Slipy has worked with executive teams in high-growth phase businesses. Most recently, Slipy was Chief People and Human Resources Officer at Symphony, a fintech unicorn offering a secure collaboration and workflow platform to over 500 global financial services customers. Slipy’s passion for people and culture management has also led him to perform executive coaching and consultative roles with early-stage private equity-backed firms through his affiliation with the Institute for Contemporary Leadership in New York.
“I’m inspired by the mission and business momentum that Johnny and the entire Socure team have created,” Slipy said. “Together, we will continue to rapidly scale this performance-driven organization that is leading the identity verification and fraud mitigation marketplace because of the innovation and value we bring to our customers.”
Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from email, phone, address, IP, device, velocity, and the broader internet to verify identities in real time. The company has more than 750 customers across the financial services, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, seven of the top 10 card issuers, three of the top MSBs, the top payroll provider, the top credit bureau, top crypto exchanges, top Buy Now, Pay Later providers, the largest online gaming operators, and over 100 of the largest fintechs. Marquee customers include Chime, Varo Money, Public, Stash, and DraftKings. Investors include Accel, Commerce Ventures, Scale Venture Partners, Flint Capital, Capital One Ventures, Citi Ventures, Wells Fargo Strategic Capital, Synchrony, Sorenson, Two Sigma Ventures, and others.
Socure has received numerous industry awards and accolades, including being named to 2021 Forbes Cloud 100 List, Forbes’ Fintech 50 List 2021, Forbes’ America’s Best Startup Employers 2021, being awarded Best New Technology Introduced Over the Last 12 Months—Data and Data Services at the 2020 American Financial Technology Awards (AFTAs), being ranked number 70 in Deloitte’s Technology Fast 500™, being listed as a Gartner Cool Vendor, being recognized by Forbes as one of the Top 25 Machine Learning Startups to Watch, being named to CB Insights: The Fintech 250, and being awarded Finovate’s Award for Best Use of AI/ML, to name a few.