Ver.iD, an innovative SaaS platform for digital identity verification, has raised €2 million in angel funding to drive its mission of simplifying and securing identity processes across Europe. This funding round comes as the company gears up to launch a larger €4 million funding effort to accelerate its growth.
The platform, designed to comply with the upcoming eIDAS 2.0 regulations, addresses the need for streamlined identity verification processes by minimizing fraud, reducing data breaches, and enhancing user experiences. Ver.iD’s solution integrates seamlessly into business processes, providing capabilities for ID wallets and digital identification while offering users the flexibility to select their preferred identity apps.
Robert van Altena, co-founder of Ver.iD, emphasized the importance of secure, user-friendly digital identity solutions, stating, “In a time when AI-driven fraud and data breaches dominate the news, Ver.iD enables companies to receive only the necessary customer data. This ensures privacy while making onboarding and verification processes faster, safer, and more user-friendly.”
Ver.iD’s timing aligns with the rollout of eIDAS 2.0, a groundbreaking European regulation that mandates public and private entities—including banks, insurers, and energy providers—to integrate digital ID apps into their systems by 2026. The regulation is set to redefine digital identity standards across the region, and Ver.iD aims to position itself as a leader in this transformation.
As part of its development, Ver.iD is conducting pilot projects in collaboration with the Chamber of Commerce to unlock authorization data for executives through ID wallets. This initiative underscores the platform’s potential to provide practical, scalable solutions for complex identity verification challenges.
“Our goal is to become an international market leader and set the standard for digital identity in Europe,” said van Altena. “We are proud of the trust our investors and clients have placed in us.”
With the European market increasingly prioritizing secure and compliant digital identity systems, Ver.iD is well-poised to make a significant impact. The additional funding will enable the startup to expand its operations, enhance its technology, and solidify its position as a pioneer in the digital identity space.
Discover more from FundingBlogger
Subscribe to get the latest posts sent to your email.