IDnow

IDnow is a leading provider of Identity Verification-as-a-Service ("IVAAS") solutions. The company provides the world’s most advanced machine-learning technology for its Identity-as-a-Service platform that can verify in real time the identities of more than 7 billion people from 193 different countries.

IDnow builds world-class, AI-powered identity verification technologies that address the cybersecurity and digital verification needs of global enterprises by combining seamless, online-only infrastructure with a strong level of security and identity fraud prevention.

IDnow was co-founded in 2014 by Felix Haas, Armin Bauer, Dennis von Ferenczy, & Sebastian Bärhold. The company is headquartered in Munich, with an office in Paris.

IDnow has set out to make the connected world a safer place. It's unmanipulable identity verification is used across industries conducting online customer interactions that require a high degree of security.

IDnow's patent-protected video identification and e-signing solutions help our clients save money, improve customer conversion rates and streamline the onboarding process.

IDnow uses artificial intelligence to check all security features on ID documents and can, therefore, reliably identify forged documents. Potentially, the identities of more than 7 billion customers from 193 different countries can be verified in real-time. 

IDnow has a portfolio of over 250 customers includes leading international companies from various industries such as Bank of Scotland, BNP Paribas, Commerzbank, eventim, Raisin (Weltsparen), Sixt, solarisBank, Telefonica Deutschland, UBS, Western Union, and Wirecard as well as fintechs such as Fidor, N26, smava, and wefox.

 

IDnow is backed by Corsair Capital, BayBG, Seventure Partner, Jet A and others. The company raised €36M ($40M) from a "Series B" financing on Oct 28, 2019. This new round brings IDnow's total funding to over $53M to date.

 

 

  • Year founded: 2014
  • Funding Info: $53M over 4 Rounds (Latest Funding Type: Series B)
  • Yearly Revenue: $5M-$10M (2019)
  • Employee Size: 51-200
  • Business Valuation: NA
  • City/Town: Munich
  • State: Bavaria
  • Country: Germany
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