Mitek Systems logo — Instant digital identity verification. Easy and safe at ever...

Mitek Systems

Instant digital identity verification. Easy and safe at every step.

Founded 1985 United States San Diego, United States 742 employees Post-IPO Equity Total: $15.80M AI, Developer Tools +3

General Information

Company Name Mitek Systems
Founded Year 1985
Location United States San Diego, United States
Founders / Decision Makers
Team member
Employees 742
Industries AI, Developer Tools, Insurtech +2
Funding Stage Post-IPO Equity
Business Model B2B, SaaS, API
Revenue Model Subscription, Usage Based, Licensing
Social

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About Mitek Systems

Mitek Systems, operating under the NASDAQ ticker MITK, is positioned as a global leader in the arena of digital access and identity verification. Founded in 1985, this U.S.-based company deploys advanced technologies to seamlessly bridge the gap between the physical and digital worlds, ensuring that digital access is both swift and secure.

Renowned for its sophisticated identity verification capabilities, Mitek is trusted by a substantial majority—99%—of U.S. banks for mobile check deposits and works with 7,900 of the globe's largest organizations. The company's solutions focus on reducing risk and adhering to regulatory compliance, thereby enhancing the overall customer journey.

While the company operates within diverse industries such as AI, Developer Tools, Insurtech, Mobile, and Payments, its latest financial milestone was a Post-IPO Equity investment on November 18, 2018, led by Paradigm Capital. With its headquarters in the United States, Mitek Systems remains a compelling proposition for investors focused on innovative digital identity solutions.

Business keywords: Digital Identity Verification, AI and Machine Learning Solutions, Mobile Capture Technology, Financial Risk Mitigation, Customer Onboarding Automation, Biometric Verification, Fraud Detection, Mobile Check Deposit, Document Verification, Deepfake Detection, KYC Compliance, Password Replacement Solutions, Digital Transaction Security, User Experience Enhancements

Services & Products

identity verification platform
biometric authentication
digital fraud detection
check intelligence

Target Customers

banking fintech marketplaces iGaming organizations seeking KYC/AML compliance

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Post IPO Equity Undisclosed 1
Paradigm Capital
18 Nov 2018
Grant €50.00K 1
EASME - EU Executive Agency for SMEs
01 Feb 2015
Post IPO Equity $15.00M 2
Philadelphia Financial Group, Weintraub Capital Management
20 May 2011
Venture Round $750.00K -
01 Oct 2010

Mitek Systems Alternatives & Competitors

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Mitek Systems vs
JAAK
JAAK Mexico

We build trusted connections with your users, enhancing experience, security, and loyalty in every i...

22 employees
AI, Analytics
Mitek Systems vs
Paycode
Paycode South Africa

Giving biometric identity and affordable access to basic financial services to the unbanked and unde...

42 employees
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Mitek Systems vs
Saffe
Saffe Germany

Saffe uses facial recognition for easy, secure mobile payments without any belongings needed.

2-10 employees
Computer Vision, Finance

FAQ About Mitek Systems

Instant digital identity verification. Easy and safe at every step.
Mitek Systems was founded in 1985.
Mitek Systems is headquartered in San Diego, United States.
Mitek Systems operates in AI, Developer Tools, Insurtech, Mobile and Payments. Its work centres on Digital Identity Verification, AI and Machine Learning Solutions, Mobile Capture Technology and Financial Risk Mitigation. Its customers include banking, fintech and marketplaces.
Mitek Systems has a B2B, SaaS and API business model. Its revenue comes from Subscription, Usage Based and Licensing.
Mitek Systems has approximately 742 employees.
Mitek Systems has completed 4 funding rounds, raising a total of $15.80M. The latest funding stage is Post-IPO Equity.
Mitek Systems offers: identity verification platform, biometric authentication, digital fraud detection, check intelligence.
Top alternatives and competitors to Mitek Systems include JAAK, Paycode, Saffe, Eigen Technologies. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Mitek Systems and JAAK are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Mitek Systems, https://bouncewatch.com/company/mitek-systems, updated 2 April 2026. When citing, please name BounceWatch and link this page.

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