Corsair Capital acquires majority stake in fintech IDnow

Berlin/London — Corsair Capi­tal has acqui­red a majo­rity stake in IDnow, a leading Euro­pean provi­der of digi­tal iden­tity solu­ti­ons. With this tran­sac­tion, the private equity inves­tor has secu­red control of the Munich-based fintech company, which was foun­ded in 2014, and is thus focu­sing on further expan­ding its market posi­tion in Europe. The previous foun­ders and inves­tors sold the majo­rity of their shares as part of the transaction. 

IDnow is a key player in the field of digi­tal iden­tity veri­fi­ca­tion and has estab­lished itself as a leading provi­der with inno­va­tive solu­ti­ons such as Video-Ident, Photo-Ident and AI-supported iden­tity checks. The company serves over 900 inter­na­tio­nal custo­mers, inclu­ding banks, finan­cial service provi­ders, mobile network opera­tors and public authorities. 

IDnow has consis­t­ently expan­ded its market posi­tion through stra­te­gic acqui­si­ti­ons, such as that of the French market leader Ariad­next in 2021, and conti­nuous tech­no­lo­gi­cal deve­lo­p­ment. The acqui­si­tion by Corsair Capi­tal provi­des IDnow with addi­tio­nal resour­ces to further deve­lop its plat­form, expand into new markets and imple­ment new iden­tity veri­fi­ca­tion technologies. 

About IDnow

IDnow was foun­ded in Munich in 2014 and is now one of the leading provi­ders of digi­tal iden­tity veri­fi­ca­tion and KYC (Know Your Custo­mer) solu­ti­ons in Europe. The company offers a wide range of secure, AI-powered iden­tity veri­fi­ca­tion solu­ti­ons for banks, finan­cial service provi­ders, mobi­lity compa­nies and the public sector. With offices in Germany, the UK and France, IDnow serves over 900 custo­mers world­wide. www.idnow.io

Consul­tant IDnow: YPOG

Dr. Benja­min Ullrich (Lead, Tran­sac­tions), Part­ner, Berlin
Dr. Sebas­tian Schödel (Corpo­rate), Part­ner, Cologne
Dana Fran­ziska Ritter (Corpo­rate), Asso­ciate, Cologne
Matthias Kres­ser (Tran­sac­tions), Part­ner, Berlin/Hamburg
Dr. Malte Berg­mann (Tran­sac­tions), Part­ner, Hamburg
Jan Stamm­ler (Tran­sac­tions), Asso­ciate, Berlin/Hamburg
Martin Acker (Tax), Asso­ciate, Hambur­gA­boutYPOG

YPOG stands for You + Part­ners of Game­ch­an­gers and forward-looking tax and legal advice. The firm advi­ses compa­nies focu­sed on future tech­no­lo­gies with the aim of using change as an oppor­tu­nity and jointly crea­ting opti­mal solu­ti­ons. The YPOG team offers compre­hen­sive exper­tise in the areas of Funds, Tax, Tran­sac­tions, Corpo­rate, Banking, Regu­la­tory + Finance, IP/IT/Data Protec­tion, Liti­ga­tion as well as Corpo­rate Crime + Compli­ance + Inves­ti­ga­ti­ons. YPOG is one of the leading addres­ses in Germany for venture capi­tal, private equity, fund struc­tu­ring and appli­ca­ti­ons of distri­bu­ted ledger tech­no­logy (DLT) in finan­cial services. The firm and its part­ners are regu­larly reco­gni­zed by renow­ned publi­ca­ti­ons such as JUVE, Best Lawy­ers, Cham­bers and Part­ners, Leaders League and Legal 500. YPOG employs more than 150 expe­ri­en­ced lawy­ers, tax advi­sors and tax specia­lists as well as a notary in its offices in Berlin, Hamburg, Colo­gne and Munich.