January 2, 2025 – Ver.iD, a digital identity verification platform based in Amsterdam, has raised €2 million in angel funding to expand its operations across Europe. This funding comes at a pivotal time as the European Union prepares for the implementation of eIDAS 2.0, a regulation that will mandate secure digital identity integration by 2026 for public and private organisations.
The company is now gearing up for a €4 million funding round to accelerate its growth and solidify its position as a leader in the digital identity sector.
Transforming Digital Identity Verification
Founded in 2022, Ver.iD offers an easy-to-integrate SaaS solution for secure and user-friendly digital identity verification. The platform prioritises privacy by allowing users to control what data they share while ensuring compliance with stringent security standards such as ISO27001, NIS2, and DORA.
“In a time when AI-driven fraud and data breaches dominate headlines, Ver.iD empowers companies to access only the essential customer data,” said Robert van Altena, co-founder of Ver.iD. “This approach not only enhances privacy but also simplifies onboarding and verification processes.”
A Solution for eIDAS 2.0
The rollout of eIDAS 2.0 increases demand for robust digital identity solutions. By 2026, sectors such as banking, insurance, and energy will need to integrate ID wallets and digital identification methods into their operations. Ver.iD aims to play a central role in this transformation, ensuring compliance while minimising fraud and enhancing user experiences.
Real-World Applications
Ver.iD’s platform is already making an impact, with clients using it for both experimental and daily operations. Examples include:
- Insurance Applications: Streamlining car insurance processes for Nationale Nederlanden and Verbond van Verzekeraars by replacing physical documents with digital identification.
- Municipality Services: Enhancing digital onboarding and service delivery for the Municipality of Nijmegen using eID functionality.
- Regulatory Compliance: Assisting 200 accounting firms with compliance under customer identification regulations.
- Executive Authorisation Pilots: Partnering with the Chamber of Commerce to enable access to authorisation data via ID wallets.
The platform ensures maximum security by avoiding data storage and carefully vetting ID apps to protect against breaches.
Drawing Comparisons to Adyen
Ver.iD has been likened to Dutch fintech giant Adyen, known for integrating multiple payment methods. “Like Adyen allows customers to choose their preferred payment methods, Ver.iD enables organisations to seamlessly integrate digital identification options while giving users control over their preferred identity apps,” the company explained.
Investor and Industry Confidence
Ver.iD’s efforts have drawn praise from industry leaders. A Program Manager for Digital Identity at a central government register commented, “Ver.iD combines security, ease of use, and scalable integration into one powerful solution, making it essential for businesses preparing for eIDAS 2.0.”
Van Altena expressed gratitude for the trust placed in the company, stating, “Our goal is to become an international market leader and set the standard for digital identity in Europe.”
Looking Ahead
With its latest funding and plans for further investment, Ver.iD is poised to lead the charge in revolutionising digital identity verification across Europe, ensuring compliance, security, and convenience for organisations and users alike.
