IDnow Raises €295M to Power Next-Generation Identity Verification Across Europe

IDnow is thrilled to announce a significant funding milestone, having raised a remarkable 295,000,000 to further advance its mission of making the connected world a safer place. As a leading identity verification platform provider in Europe, IDnow has consistently pushed the envelope in secure digital interactions with its comprehensive portfolio of solutions, ranging from fully automated processes to human-assisted verifications, delivered both online and at physical points-of-sale. This new round of funding not only reaffirms the confidence that the investment community has in IDnow's innovative approach but also paves the way for further expansion of its groundbreaking technologies. This capital infusion will accelerate the development and integration of even more robust identity verification solutions designed to enhance user conversion rates and deliver top-notch security measures. Building on its strategic acquisitions in 2021, including the French market leader ARIADNEXT and Germany’s Trust Management AG, IDnow is uniquely positioned to offer one of the broadest identification solutions through a single, integrated platform. The company’s strategic presence, with offices based in Germany, the United Kingdom, and France, allows it to meet the needs of a diverse portfolio of international clients, spanning traditional financial institutions like UniCredit, Telefonica, and BNP Paribas Personal Finance, as well as digital disruptors including N26, Solarisbank, and Klarna. By leveraging this funding, IDnow will intensify its research and development efforts, expand market reach, and fortify its platform with advanced technologies to meet evolving security challenges in an increasingly interconnected digital world. This milestone marks a significant step forward in the company’s journey to secure digital identity, ensuring trust and confidence for users worldwide.