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Eduardo Saverin


Eduardo Luiz Saverin is a Brazilian internet entrepreneur and investor. He is popularly known as the co-founder of Facebook. He is one of four co-founders of Facebook, along with Mark Zuckerberg, Dustin Moskovitz, and Chris Hughes. As of 2012, he owns less than 5% of Facebook's shares and has a net worth of $2 billion, according to Forbes. He has also invested in early-stage startups such as Qwiki and Jumio.

Renouncing US Citizenship

Eduardo Saverin caused a huge outrage as he announced that he will renounce his US citizenship. Saverin has been living in Singapore since 2009. The decision to renounce his US citizenship ahead of Facebook's IPO was criticized that the move was aimed to dodge hundreds of millions of dollars in taxes. It would save $67 million in taxes at least.

In a statement on 18 May 2012, Saverin said: "I have paid and will continue to pay any taxes due on everything I earned while a U.S. citizen. It is unfortunate that my personal choice has led to a public debate, based not on the facts, but entirely on speculation and misinformation."

Eduardo Saverin in News

Fraudsters Target the Beautiful Game for Bountiful Gain Finds Jumio
Jumio, Inc., the fast growing mobile credentials management company, today released a white paper Don't Fall Foul of Fraud at the World Cup educating and advising businesses on fraud. Fraud at major sporting events is always a large problem and the FIFA World Cup in Brazil is no exception.

Jumio Partners With Eight Leading Bitcoin Providers to Form Identity Security Network
Jumio, Inc., the fast growing credentials management tech company, today announced the formation of the Bitcoin Identity Security Open Network (BISON). Initial members of the network comprise eight leading Bitcoin exchanges, wallets and ATM providers worldwide including BitAccess, SnapSwap, CoinMkt, Digital Currency Exchange of Texas, CoinRnr, Hashop

UK Retailers to Miss Out on Over GBP 2.5 Billion in Mcommerce During the Largest Mobile Christmas Shopping Season in History
With the festive retail season shortly about to take off, Jumio, Inc. today released its mobile commerce analysis that finds that although UK retailers are set to enjoy the most successful mobile holiday shopping season to date, they will miss out on nearly £ 2.5bn in sales due to the prevalence of outdated mobile checkout experiences.

UPDATE: Fraudsters Target the Beautiful Game for Bountiful Gain
Jumio, Inc., the fast growing mobile credentials management company, today released a white paper Don't Fall Foul of Fraud at the World Cup educating and advising businesses on fraud. Fraud at major sporting events is always a large problem and the FIFA World Cup in Brazil is no exception.

Jumio Releases Netswipe for Mobile Web
Jumio, Inc., the fast growing mobile credentials management company, today released Netswipe for Mobile Web, the next version of its award-winning Netswipe card scanning technology that is designed to improve the customer experience and increase conversion rates for purchases made on connected devices. Netswipe was previously available for native apps and desktop websites

Snupps, a New Way to Organize Your Stuff, Launches on iOS
Today, Snupps launches a simple way to organize and socialize around the stuff you own and cherish. With Snupps, you can keep track of your items and connect around your collections, keepsakes, gadgets, heirlooms and much more, all in one place.

Nitrous.IO Raises $6.65M Series A Round Led by Bessemer Venture Partners to Supercharge Development Teams
Nitrous.IO closed a Series A round led by Bessemer Venture Partners (BVP) that will fund the expansion of the cloud-based developer platform that is quickly becoming the go-to solution for development teams seeking power, flexibility and speed.

Industry Veteran Pieter Stal Joins Jumio as Senior Vice President EMEA Sales
Jumio, Inc., the fast growing payments and ID credentials management company, today announces the appointment of Pieter Stal as Senior Vice President of Sales in the EMEA region. Pieter brings over 20 years of experience in the ecommerce, payment and technology industries with specialities in the retail, travel, digital and financial service verticals

Jumio Launches ID Scanning Product Fastfill to Speed Mobile Customers Through In-App Sign-Up and Checkout Forms
Jumio, Inc

Despite Largest Mobile Holiday Shopping Season in History, UK Retailers Left 1.5 GBP Billion in Mobile Commerce on the Table
With the holiday retail season now in the rearview mirror, Jumio, Inc. today released its December 2013 mobile commerce analysis, finding that retailers celebrated the most successful mobile holiday shopping season to date, yet still missed out on over £ 1.5 billion in sales due to the prevalence of outdated mobile payment experiences

Consumers Beware: Five Ways Your Identity Can Be Stolen
Jumio, Inc., the fast growing mobile credentials management company, today revealed the top five ways that identity thieves and fraudsters target victims, in conjunction with the release of a new report titled The Fraudsters Playbook

Jumio Unveils Faster Credit Card Scanning Technology With Netswipe 2.0
Jumio, Inc., the fast growing online and mobile payments and credentials management company, today announced enhanced features to its proprietary credit card scanning and validation technology, Netswipe. The new release features near-instant processing speed and more comprehensive card data extraction

UK Consumers Voice Concerns About ID and Payment Fraud Online
79% of Brits have indicated that they are concerned about online ID theft according to the new Consumer Insights Study: Fraud and Identity released today by Jumio, Inc. and conducted online by Harris Interactive. Of those concerned with ID fraud, the vast majority (82%) were specifically concerned about fraudulent activity on their credit card or bank account.

Jumio Announces PORT; Device-Based Digital Wallet Infrastructure
Jumio, Inc., the fast-growing online and mobile payments and credentials management company, today announced the launch of Jumio PORT, a new secure embedded wallet infrastructure designed to integrate with mobile OS utilities such as Apple Passbook, and the recently-launched Samsung Wallet

Identity Fraud on Caffeine! The Threat of the Coffee Shop for the Love of a Latte?
Jumio Inc, the next generation credentials management company, is calling for consumers to be wary which Wi-Fi network they are connecting to at their local coffee shop. The danger of fraudsters running bogus networks with the same name as the real Wi-Fi network is revealed in new research from Jumio in their soon to be released white paper, "The Fraudsters Playbook."

Jumio Launches Face Match to Enable More Reliable Customer Verification
Jumio, Inc., the fast growing mobile credentials management company, today announced the launch of its Face Match technology, a new capability available within its Netverify identity verification platform. This new capability helps Jumio's Netverify customers assess the extent to which a photo on an ID presented during a mobile or online transaction matches the customer's actual face

Americans Can't Put Down Their Smartphones, Even During Sex
According to the new Mobile Consumer Habits study released today by Jumio, Inc. and conducted online by Harris Interactive, smartphone usage is so prevalent in Americans' everyday lives that nearly one in ten (9%) smartphone owners admit to having used their phone during sex, along with unexpected places, such as the shower (12%), in church or other place of worship (19%), and more

Bitcoin Purchase Platform BitInstant Integrates Jumio's Netverify to Speed Transactions and Reduce Fraud
Jumio, Inc., the fast growing online and mobile credentials management company, today announced that Bitcoin purchase platform, BitInstant, has implemented Jumio's Netverify software into its online funds transfer process

Jumio Scores Double Award Win at Annual EGR Online Gaming Industry Awards
Jumio, Inc., the fast growing online and mobile credentials management company, today announced it has been selected as the winner of several prestigious awards at the annual eGaming Review online gambling industry award ceremony in recognition for its innovative payments and ID verification products.

Yobetit Goes Live With Jumio to Deliver ID Document Validation Services for a Friction-Free Player Experience
Jumio, the next generation credentials management company offering ID document validation services has gone live inside Yobetit's player account creation process.

Retailers, Listen Up: High Rates of Mobile Shopping Cart Abandonment Tied to Poor User Experience
Results from the 2013 Mobile Consumer Insights study released today by Jumio, Inc. and conducted online by Harris Interactive® identify why shopping cart abandonment continues to be a major issue among consumers

Airbnb Partners With Jumio to Help Power New Identification Verification Product
Jumio, Inc., the fast growing online and mobile credentials management company, today announced that Airbnb, the world's leading marketplace for booking, discovering, and listing unique spaces around the world, has integrated Jumio's Netverify into its new Verified Identification tool

TransFast.com Integrates Jumio's Netverify to Reduce Fraudulent Electronic Fund Transfers
Jumio, Inc., the fast growing online and mobile identity verification and payment company, today announced that TransFast.com, a leading global money transfer company, has selected and integrated Jumio's Netverify to enable more convenient and reliable ID verification for customers executing money transfers at TransFast.com

Jumio Hires European Marketing Director and Identity Verification Expert David Pope
Jumio, Inc., the fast growing online and mobile identity verification and payment company, today announces that David Pope has joined as European Marketing Director.

Mobile Users Well Aware of Fraud but, for Many, Convenience Trumps Security Concerns
According to the results of the 2013 Consumer Mobile Insights study released today by Jumio, Inc. and conducted online by Harris Interactive®, the vast majority of consumers -- 83% of respondents(1) worry about identity theft, but look the other way when given the option to use mobile services that put more convenient options at their fingertips

Jumio Unveils Netverify Mobile to Combat Growing Fraud on Smartphones
Jumio, Inc., the online verification and mobile payments platform company, today announced the release of Netverify™ Mobile, the only technology available that allows businesses to authenticate their customers' identities -- via passport, driver license or ID card -- using iOS and Android smartphone cameras

Jumio Releases Netswipe Mobile for Android
Jumio, Inc., the online verification and mobile payments platform company, today announced the release of its Netswipe Mobile for Android. Netswipe turns a customer's smartphone camera into a real-time, secure credit card reader, allowing businesses to more easily and quickly accept mobile payments by eliminating the need for consumers to type in their credit card number

Jumio Makes Online Verification and Payments Fast, Easy and Fraud-Free for Numerous New Web and Mobile Startups and Platforms Across Europe
Jumio, Inc., the online and mobile payments and ID verification company, today announced over 20 European and US-based companies, including EntroPay and Youwin, have signed on in the first half of Q4 to integrate Jumio's Netswipe® and Netverify™ products

Jumio Names Michael Orlando Chief Sales Officer
Jumio, Inc., the fast growing online and mobile payments and ID verification company, today announced that Michael Orlando has joined the company as Chief Sales Officer. Michael brings more than 22 years of experience in the growth and development of successful teams and companies to Jumio, where he will be responsible for overseeing all aspects of sales operations and the customer experience.

Payment Solutions Expert Verifi Partners With Jumio to Fight Fraud
Risk management and payment gateway company Verifi today announced that it is integrating Jumio's Netswipe® and Netverify™ solutions into its industry-leading suite of risk management products. This partnership is believed to be the first time card and ID scanning technology is being deployed to reduce friendly fraud chargebacks in card-not-present environments.

App Developers Boost Revenues With Enhanced Jumio Netswipe Mobile SDK
Fast-growing mobile and online payment company Jumio Inc. today announced the release of an enhanced version of its Netswipe Mobile Software Development Kit (SDK) now with Boost 20/20(SM). Adding this payment functionality to an app's checkout process drives a revenue boost of at least 20%, while only taking about 20 minutes to implement

Jumio and JMango Launch Product Development and Reselling Partnership
Jumio's scanning technology will be integrated into tech company JMango's mobile application and development platform as part of a new partnership.

Ousted Facebook co-founder has 'no hard feelings' towards Zuckerberg
Social networking giant Facebook's co-founder Eduardo Saverin has said that he has no hard feelings towards Mark Zuckerberg on being forced out of the company.

Jumio Releases Mobile SDK, Donates $5M to Developer Fund Adding Card Scanning to Any App
Jumio, the company that turned webcams into card and ID readers, released its Mobile Software Development Kit today. The released SDK allows developers to add credit card scanning capabilities to their app.

Ousted Facebook co-founder 'worried about privacy' on social networking site
Facebook's ousted co-founder Eduardo Saverin has said that he keeps a low profile on the social networking site he created with Mark Zuckerberg as he is concerned about online privacy.

Mark Zuckerberg world's 29th richest person after Facebook's IPO
Mark Zuckerberg, who is now worth 19.1 billion dollars, has now become the 29th richest in the world after Facebook Inc. sold 421.2 million shares valued for 38 dollars each on Thursday.

Taxing avoiding Facebook co-founder Saverin may not be allowed back into U.S.: Experts
Legal experts have said that Facebook co-founder Eduardo Saverin may not be allowed back into the United states if the Internal Revenue Services (IRS) and the U.S. State Department arrive at the conclusion that he renounced his American citizenship to avoid paying taxes.

Facebook co-founder renouncing US citizenship to save tax
Facebook co-founder Eduardo Saverin will renounce his US citizenship to avoid paying taxes he made from the world's most popular social network.

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