Consumer-permissioned data platform MeasureOne has secured an additional $3.2m in funding to support its product expansion.
The investment round was supported by previous backers College Loan Corporation and former FICO Corporation research fellow Larry Rosenberger.
In addition to the funding round, the company has expanded its offering to provide access to consumer-permissioned employment, income, and other consumer data types for any business in need of a trusted source for consumer information.
MeasureOne provides companies with infrastructure to leverage consumer-permissioned data in their products and services. Benefits of the tool include consumer-friendly privacy protections, guaranteed data quality, data science-based services and insights and more.
MeasureOne CEO Elan Amir said, “Consumer data sharing is at the heart of the modern economy, underpinning access to valuable products, services and opportunities, and redefining the relationship between businesses and consumers.
“Our platform-as-a-service offering uniquely empowers businesses to leverage consumer-permissioned data to enhance their products and services. By offering education, employment and income data, we are able to support a wide range of applications, from prospective employer background checks, income and employment verifications for loans applications and housing/apartment rentals, and student enrolment verification for retail discount qualifications.
“Using the capabilities of consumer-permissioned data, we power these applications efficiently and easily, while ensuring consumer privacy and guaranteeing data provenance.”
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