Thompson will partner with Socure Founder and CEO Johnny Ayers to lead the company’s global expansion, according to a Thursday (Dec. 11) press release emailed to PYMNTS.
Under Thompson’s leadership as CRO, Socure has been profitable for 10 months in a row, achieved 51% year-over-year revenue growth in the third quarter, and is on track to book over $100 million of new business in 2025, according to the release.
During this period, the company also accelerated its evolution from an identity verification solution provider to a full end-to-end identity and risk-decisioning platform, the release said.
Thompson played a key role in Socure’s integration of the unified identity, fraud and risk decision engine Effectiv; the company’s integration of the real-time buy now, pay later (BNPL) consumer credit database Qlarifi; and an international expansion that led to one-third of Socure’s third-quarter deals being outside the United States, per the release.
Ayers said in the release that Thompson “has consistently exceeded every expectation and stretch goal we’ve set in scaling Socure.”
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“Matt is the right person to stand with me as we guide Socure into a new era of AI innovation, global expansion and category leadership,” Ayers said.
Thompson has been working to transform digital identity for two decades, according to the release. Before joining Socure, he co-founded and served as president of ID.me, served as senior vice president and general manager at IDEMIA’s Identity and Security North America business, and held a senior leadership role on Capital One’s identity services team.
Noting the importance of digital identity in the age of AI, Thompson said in the release that the world needs cutting-edge solutions to build and protect it.
“Together, we will build this new category, scale our impact globally, and solve our customers’ most complex challenges as we deliver the next generation of identity and risk-decisioning infrastructure everywhere trust matters on the internet and around the world,” Thompson said.
When Socure announced its acquisition of Qlarifi on Dec. 5, the company said the infrastructure created by this combination will enable consumers to build credit through BNPL repayment, reduce lenders’ and merchants’ first-party fraud losses, and provide regulators with transparency and reporting.
When it announced its acquisition of Effectiv in October 2024, Socure said the deal would create a unified identity and fraud and risk-decision engine, offering its partners a “single view of identity.”
