Ver.iD funding news – Amsterdam-based Ver.iD has Raised €2Million in Angel Funding

Funding Utilisation

The company plans to raise an additional €4M to support its expansion in Europe. The latest funding comes from a group of well-known angel investors.

With the introduction of eIDAS 2.0, a new European regulation for digital identity, public and private organizations must integrate digital ID solutions by 2026. This includes sectors like banking, energy, and insurance.

It is helping with this change by offering a solution that ensures compliance, reduces fraud, prevents data breaches, and improves user experience.

Robert van Altena, co-founder of Ver.iD, says, “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.”

It offers a platform that helps companies integrate ID wallets and digital identification methods, allowing customers to choose their preferred identity app. The solution is easy to use and can grow with the needs of both businesses and users.

Read also - Alstin Capital funding news – Munich-based Alstin Capital has Secured €175 Million in Funding

It’s platform is used by organizations for both new projects and everyday tasks. For example, it simplifies car insurance applications for Verbond van Verzekeraars and Nationale Nederlanden, improves digital onboarding for the Municipality of Nijmegen, and helps around 200 accounting firms meet compliance requirements through Compliance Wise.

About Ver.iD

In 2021, Robert Van Altena, Sten Reijers, and Roger Olivieira founded Ver.iD to solve the problems and risks of traditional paper-based identity checks. With their expertise in compliance, user-friendly technology, and business innovation, they created a platform that improves digital verification security, simplicity, and user control.

Ver.iD’s goals match the EU's eIDAS 2.0 regulation, which aims to improve secure digital identity solutions and protect people’s data privacy.