Warsaw-based startup Authologic, which provides a global e-ID hub through a single API that integrates government-issued digital IDs, identity wallets, document verification, and Bank IDs, has secured €7.6 million in a Series A funding round led by OpenOcean.
- Founded in 2020 by Krzysztof Klimczak, Jarosław Sygitowicz, and Marek Rogoziński, Authologic provides a platform that enables businesses to automate identity checks using government-issued e-IDs. By integrating digital e-ID systems into KYC processes, the startup enhances verification efficiency and security while making it more resistant to AI-driven fraud, including deepfakes.
- Authologic addresses the challenges of conventional KYC methods, which often rely on outdated manual processes like photo ID checks and Optical Character Recognition (OCR). The company has integrated over 40 e-ID systems globally, allowing for seamless onboarding for customers in sectors such as finance, telecommunications, and e-commerce.
- The startup serves approximately 80 clients worldwide, including prominent names like Santander Leasing, eToro, and Superbet. Authologic is also rapidly expanding its presence across Europe, the UK, Latin America, and the Middle East.
Details of the deal
- The Series A round was led by a Helsinki-based VC OpenOcean. The investment also saw participation from Y Combinator, Peak Capital, and SMOK Ventures.
"In the era of generative AI where you can produce any image in seconds, old-fashioned authentication tools online don't work anymore. Authologic has gained significant traction by providing enterprises a safe alternative that works globally — integrating all the national identify systems under one unified API," SMOK VC's team, stated on LinkedIn.
- Authologic will use its Series A funding to enhance technology, expand globally, hire more talents, and strengthen compliance, positioning itself as a leader in digital identity verification.
