IDnow, a Munich, Germany-based provider of identification and eSigning solutions in Europe, secured several million Euros in Series A funding.
Backers included Seventure, BayBG Bayerische Beteiligungsgesellschaft, and business angels.
The company intends to use the funds for the European expansion and the further development of the identification and eSigning platform.
Founded in 2014 by Jet A, the company builder of the amiando founders, and Led by Sebastian Bärhold, managing director, IDnow provides identification and electronic signing products. The company develops and markets secure solutions for the electronic identification of persons as well as for contract signing via computer or smartphone.
IDnow’s products address all business clients who acquire new customers online and want to offer identification and the conclusion of contracts online – e.g. online banks, modern retail banks, credit and finance providers, credit card providers, local authorities, and insurance companies.
Clients include more than 100 customers including leading companies like Commerzbank, UBS and Number26.