IDnow receives USD 40 million funding from Corsair Capital

Munich — Munich-based FinTech company IDnow (www.idnow.io) closes a new finan­cing round of USD 40 million. The new capi­tal comes from the Ameri­can private equity inves­tor Corsair Capi­tal. IDnow was again advi­sed by P+P Pöllath + Partners.

IDnow provi­des an Iden­tity Veri­­fi­­ca­­tion-as-a-Service plat­form to verify the iden­tity of billi­ons of people world­wide easily, quickly and secu­rely. This enables compa­nies to handle custo­mer inter­ac­tions online with a high stan­dard of secu­rity. Its more than 250 custo­mers include compa­nies such as BNP Pari­bas, sola­ris­Bank and N26. The company was foun­ded in 2014 by Dennis von Feren­czy, Sebas­tian Bärhold, Armin Bauer and Felix Haas (from right, photo: IDnow).

Corsair Capi­tal is one of the leading inves­tors in the finan­cial and busi­ness services sector with a focus on the tech­no­logy and finan­cial services sectors.

P+P Part­ner Chris­tian Tönies, LL.M. Eur. (Part­ner, Lead, M&A/Venture Capi­tal, Munich/Berlin) provi­ded legal advice to the foun­ders of IDnow in the context of the new finan­cing round. P+P had alre­ady advi­sed IDnow in May 2018 as part of the last finan­cing round and has been support­ing the foun­ders for many years.