Jumio: Jajah Founder's Next Project Is Mobile Payments

After selling Jajah to Telefonica for $207 million in December, Daniel Mattes, the VoIP company’s founder, is onto a new project: online payments. He has started a new company called Jumio, headquartered in Mountain View, Calif. Mattes and the technical team are based in Linz, Austria.

What we can gather

From what we can gather, it appears Jumio is focused specifically on mobile payments, both between individuals and businesses, with an emphasis on removing fraud and ensuring trust. The company is reportedly using authentication technology licensed from two Israeli individuals, and is supposed to launch this fall. We’re not sure if it has outside funding yet beyond what Mattes made from Jajah.