SignD Identity, a Vienna, Austria-based specialist in digital onboarding and KYC, raised €1m in funding.
The group of investors comprises key members of the SignD team, Fritz Schweiger (QC Advisers), Felix Famira (former Jumio investor), Toni Moser, as well as several international partners.
The additional capital is being used for product development and international sales and marketing efforts, as well as growth of the team.
Founded in 2019 by Bernhard Reiterer, CEO, SignD specializes in digital onboarding and KYC for banking and insurance companies, brokers, and the telecom and gaming industries. It covers the whole KYC and onboarding process, from personal identification, address validation, to additional checks such as anti-money laundering (AML) or Politically Exposed Persons (PEP). Other services, including Qualified Electronic Signature (QES) will be launched soon. Typical applications include bank account opening, concluding a telephone contract, and registration on a booking or gaming platform. SignD enables proof of identity for over 200 countries and regions based on more than 7000 official documents.