Mobile device and location verification service Zumigo closed a Series B funding round led by Intel Capital on Friday, reporting it raised $6 million. Zumigo wants to take the password out of the authentication process. Using the location of your phone, Zumigo can identify whether you’ve made a financial transaction based on the proximity of your phone to the source of the exchange.

Topics:  series b   intel capital   read more   zumigo   mobile   million   phone   location   

 

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