Evrotrust, a Sofia, Bulgaria-based digital transformation provider, raised 3.3M in funding.
Silverline Capital made the investment.
The company intends to use the funds to accelerate its global expansion and underscore its leadership in the digital identity verification space.
Led by CEO Konstantin Bezuhanov, Evrotrust is an identity verification provider with a mission to help businesses and governments digitally transform their processes and develop sustainable digital channels. Its platform provides an end-to-end solution for reusable electronic identification and signing with qualified certificates that enable users to remotely participate in the economy using their smartphone.
The company’s services are utilized by over 1.3 million users from 58 countries, and 150 enterprises from 11 countries, among which are 15 of Europe’s banking institutions.
Commenting on the news, Konstantin Bezuhanov said: The investment is a vote of confidence from those who have used and experienced the value of the platform. It will also forward our international development plans and help us penetrate new markets. Evrotrust solves a problem larger than the tech sector, as we redefine digital and offline identity use, aligning them with the dynamic needs of the modern economy.”
FinSMEs
06/02/2024