IDnow, a leading identity verification platform provider in Europe, today announced a new strategic investment from Corsair Capital (Corsair), a specialist investment firm targeting payments, software, and business services investments in the financial services market. With this transaction, Corsair will acquire a majority stake in the Company from existing shareholders, reinforcing its commitment to fueling IDnow’s continued growth and leadership position within the European identity market, and into other regions globally.
Founded in 2014, IDnow builds proprietary, AI-powered identity verification technologies that address the cybersecurity and digital verification needs of global enterprises and leading international brands across financial services, telecommunications, travel & mobility, gaming and other industries.
Corsair first invested to support the growth of IDnow in October 2019 when it acquired a minority stake in the business. Since Corsair’s initial investment, IDnow has strengthened its technical leadership position, grown its portfolio of differentiated identification solutions, and completed two strategic acquisitions which expanded the company into new geographies including establishing a leadership position in France. Through this transaction, Corsair aims to further accelerate IDnow’s growth and the Company’s position as a European leader with a comprehensive suite of solutions, strong positions in multiple geographies, and with additional acquisitions bringing added scale and reach.
“Since our founding a decade ago, IDnow has become a market leader in identity verification in Germany and France. We have achieved significant success in delivering strong results and growing our customer base, and with today’s announcement we aim to solidify our commitment to positioning the Company for future success.”
Andreas Bodczek, IDnow CEO
"We are thrilled to expand our partnership with IDnow. Since our initial investment, we’ve witnessed IDnow build significant momentum and achieve impressive scale. We are excited by the opportunity to deepen our partnership, and we look forward to supporting their next chapter of innovation and growth."
Raja Hadji-Touma and Edward Wertheim, Partners at Corsair
“Building IDnow has been an incredible journey over the past 10 years, and we believe today’s announcement enables us to strengthen our capabilities and capitalize on the vast market opportunity available to us. Corsair’s resources and expertise will help accelerate growth and unlock new opportunities for the Company and I’m confident this partnership will drive progress and expansion in ways that will benefit IDnow, its customers and the industry as a whole.”
Felix Haas, Executive Chairman and Co-Founder of IDnow
