IDnow offers a comprehensive identity proofing and digital identity platform with a broad range of identity verification and document signing solutions. Its methods span automated to human-assisted flows and online to point-of-sale use cases, optimized for security and user conversion. The company serves over 900 enterprise customers across multiple verticals with coverage in 195 countries. IDnow plans to use new capital to scale investments in strategic initiatives including introducing new identity proofing solutions, continued geographic expansion, and potential acquisitions. Founded in 2014 and led by CEO Andreas Bodczek, the company has offices in Germany, the United Kingdom and France. It is backed by institutional investors led by Corsair Capital. IDnow operates a platform that handles remote auto and video identification as well as electronic signature services to help users comply with KYC and AML regulations. The Munich-based company offers identity verification-as-a-service to businesses seeking remote onboarding and compliance solutions. IDnow recently acquired Wirecard Communication Services to bolster its customer service team. The company is pursuing international expansion, supported by external financing. Financially, IDnow received €15 million from the European Investment Bank and last year raised $40 million in a round led by Corsair Capital. The new financing is intended to support research and development and the company’s international growth plans. IDnow provides an online identity verification platform that uses image recognition of ID documents via smartphone, tablet or webcam. The company, which emerged in 2014, positions itself in the Identity Verification-as-a-Service space and targets digital onboarding and security needs across industries. Leadership says IDnow is well-positioned to capture greater market share in Europe and beyond. IDnow was the first startup out of JET A, the holding company set up by Amiando founders, and lists Felix Haas as co-founder and executive chairman alongside other co-founders. The company recently secured growth capital, indicating investor interest in its expansion plans. No operational metrics (revenue/users) are reported in the article. IDnow is a Munich-based provider of identification and eSigning solutions that develops secure electronic identification and contract-signing products for computers and smartphones. Its platform targets businesses that acquire customers online, including online and retail banks, credit and finance providers, credit card companies, local authorities and insurance firms. Clients number more than 100, including Commerzbank, UBS and Number26. Founded in 2014 by Jet A and led by managing director Sebastian Bärhold, the company is focused on expanding its European presence. IDnow intends to use the Series A proceeds for European expansion and further development of its identification and eSigning platform. The company secured several million euros in Series A funding from Seventure, BayBG Bayerische Beteiligungsgesellschaft and business angels.

Total raised

$119M

Funding rounds

4

Latest round

Debt Financing

Latest activity

Aug 2022