SignD Receives €1M Growth Capital for KYC Onboarding

Increasing digitization, particularly during the Covid-19 lockdown, is shifting a large share of commercial activity and processes to the internet. Often an official proof-of-identity is a pre-requisite for doing business online, and there are strict regulatory standards for banking or telecommunication businesses. In addition, service providers and their customers have a legitimate need to know the identity of their counterparts

SignD Identity was founded in 2019 in the Austrian capital Vienna and has now received a boost by securing new growth capital. SignD specializes in digital onboarding and KYC for banking and insurance companies, brokers, and the telecom and gaming industries. During this short time, several high-profile national and international customers have been acquired. The additional capital of the primeCROWD investor network is now being used to finance SignD’s international expansion.

“This new capital enables us to take a leap in product development and strengthen our international sales and marketing efforts, as well as grow our team”, said Bernhard Reiterer, Founder and CEO of SignD Identity GmbH. The group of investors comprises key members of the SignD team, well-known names such as Fritz Schweiger (Q Advisers), Felix Famira (former Jumio investor), Toni Moser, as well as several international partners eager to support SignD with their expert knowledge and extensive network.

Read more: SignD receives €1 million growth capital for KYC onboarding