Amsterdam-based SaaS ID verification platform Ver.iD has raised €2 million in angel funding and plans to secure an additional €4 million to fuel its expansion across Europe.
- Ver.iD, founded in 2022 by Sten Reijers, Roger Oliveira, and Robert Van Altena, is a SaaS platform that helps developers integrate decentralized identity solutions into their applications.
- The platform supports secure login, e-signatures, and disclosures using decentralized identity wallets, with integration through OAuth or OpenID Connect.
- Ver.iD employs a team of 18 and aggregates over 100 identity apps, allowing businesses to verify identities across Europe in compliance with eIDAS 2.0 regulations, which aims to protect citizens' privacy while promoting secure digital identities.
- By 2026, organizations like banks, energy providers, and insurers will be required to use digital ID apps. Ver.iD also works on pilot projects with the Chamber of Commerce to enable executive authorization data via ID wallets.
- The platform doesn’t store customer data, giving users control over what they share. Each identity app is reviewed to ensure security and prevent data breaches.
“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,” co-founder of Ver.iD, Robert van Altena, stated.
- The startup plans to expand its presence in Europe, accelerate growth through a €4 million seed funding round, and lead the integration of digital ID apps in compliance with eIDAS 2.0 regulations by 2026.
"As we enter this new year, we’re thrilled to share that Ver.id is in the process of raising additional funding to accelerate our European expansion. This is a pivotal step in our mission to deliver cutting-edge solutions across the region and beyond," Ver.iD's team, commented on LinkedIn.
