Idnow Secures New €60 Million Debt Facility
08/03/22, 7:31 AM
Location
munichMoney raised
€60 million
Industry
security
IDnow, a leading European identity proofing and digital identity provider, has successfully arranged a new debt facility from funds and accounts managed by BlackRock that provides up to €60 million in financing. The debt facility will enable IDnow to leverage its existing market-leading identity platform. The company intends to use the capital to scale investments across a range of strategic initiatives including the introduction of new identity proofing solutions, continued geographic expansion, and potential acquisitions.
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