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European Investment Bank provides €15 million of funding to IDnow
12/08/20, 9:35 AM
Location
munich
Money raised
€15 million
Industry
security
The European Investment Bank (EIB) will provide €15 million of growth funding to the German identity verification platform IDnow. IDnow is an expert in secure, remote auto and video identification and electronic signature services. This enables companies to acquire customers and manage transactions faster and easier, while complying with know your customer (KYC) and anti-money laundering (AML) regulations. The investment will primarily support IDnow's research and development (R&D) activities as well as its international growth.
Company Info
Location
lierenfelder str
munich, bavaria, germany
Additional Info
IDnow is a leading European identity proofing and digital identity provider with a vision to make the connected world a safer place. The IDnow platform offers a broad range of identity verification and document signing solutions combined with a comprehensive service offering. Ranging from automated to human-assisted, from purely online to point-of-sale, the identity proofing methods are optimised to assure the highest security standards with maximum user conversion.
The company has offices in Germany, United Kingdom and France and is backed by renowned institutional investors, led by Corsair Capital. Its portfolio of over 900 international clients, spans a wide range of industries, and includes leading international players such as, Western Union, UBS, Sixt and Munich Re, as well as digital champions like N26, Solarisbank, wefox and Tier Mobility.
Logo - https://mma.prnewswire.com/media/1342896/IDnow_Logo.jpg
SOURCE IDnow GmbH
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