Amsterdam-based digital identity startup Ver.iD has successfully raised €2 million in angel funding, positioning itself as a leader in the rapidly evolving digital identity sector. The company is also preparing for a €4 million funding round to accelerate its expansion across Europe, aligning with the upcoming implementation of the eIDAS 2.0 regulation.
Ver.iD provides an innovative SaaS platform that enables businesses and governments to verify digital identities securely and efficiently. The platform is fully compliant with strict security standards like ISO27001, NIS2, and DORA, making it an ideal choice for organizations looking to modernize their processes. Users retain full control over their shared information, ensuring privacy and transparency while enhancing the user experience.
The 2024 introduction of eIDAS 2.0 has created an urgent need for advanced digital identity solutions. By 2026, organizations in sectors like banking, energy, and insurance will be required to integrate digital ID apps into their workflows. Ver.iD is aiming to lead this transformation by providing a platform that not only ensures compliance but also combats fraud, minimizes data breaches, and improves efficiency.
Ver.iD’s solution has been likened to Adyen, the Dutch fintech giant, for its ability to seamlessly integrate various tools. Similar to how Adyen supports multiple payment methods, Ver.iD allows businesses to incorporate ID wallets and digital identification tools while giving users the flexibility to select their preferred identity app.
The platform is already being used in real-world scenarios to streamline operations and enhance security. In collaboration with the Verbond van Verzekeraars and Nationale Nederlanden, Ver.iD simplifies car insurance applications by replacing physical documentation with digital identification. The Municipality of Nijmegen leverages Ver.iD to optimize onboarding and service delivery with added eID functionality. Approximately 200 accounting firms rely on Ver.iD to meet customer identification regulations, and the platform is also being tested in a pilot project with the Chamber of Commerce to provide executives access to authorization data through ID wallets.
Ver.iD ensures data security by not storing customer information and allowing users to decide what data they share. The platform thoroughly reviews all ID apps to meet its high-security standards, effectively protecting against fraud and breaches.
A government program manager specializing in digital identity has described Ver.iD as a scalable, secure, and easy-to-use solution that addresses the growing demands of eIDAS 2.0. This recognition highlights the trust the company has earned among clients and investors alike.
Co-founder Robert van Altena emphasized the significance of the funding and the company’s vision for the future. He explained that Ver.iD’s mission is to become an international market leader in digital identity, setting a new standard for privacy-focused, user-friendly solutions.
As Europe moves closer to widespread adoption of digital identity regulations, Ver.iD is poised to play a pivotal role. Its innovative platform, strategic partnerships, and commitment to security make it a critical player in shaping the future of digital identity.
