Juvo, the pioneer in mobile Identity Scoring, today announced its global launch and revealed a market footprint of 23 countries across four continents with a reach of over 100 million subscribers. Juvo partners with mobile operators to provide a financial identity and mobile financial services to the 5.7 billion prepaid mobile users around the world, who are often underbanked and underserved. Juvo's proprietary algorithms and data science technology analyze both subscriber and usage data, continuously and in real time, to generate Identity Scoring. Juvo's Identity Scoring unlocks essential access to credit and basic financial services to advance individuals up a pathway toward financial inclusion.
Since the company's quiet inception in 2014, mobile operators using Juvo's Identity Scoring technology have seen a 10-15 percent increase in ARPU (Average Revenue Per User) while dramatically reducing churn and enabling high-value financial service offerings. Juvo's cloud-based scalability allows mobile operators to go to market in just a few weeks, driving exponential subscriber adoption and realizing an immediate rise in revenue.
