Amsterdam-based identity fintech Duna has raised €30M in a Series A round to expand its AI-powered platform for business identity, compliance, and onboarding.
The company is building a digital passport for businesses, aiming to remove friction from how companies establish trust and start new B2B relationships.
Series A led by CapitalG
The round was led by CapitalG, Alphabet’s independent growth fund, with continued backing from Index Ventures, Puzzle Ventures, and Snowflake Chairman Frank Slootman. With this raise, Duna’s total funding now exceeds €40M.
CapitalG partner Alex Nichols said the company is tackling one of the biggest inefficiencies in the B2B economy, where manual identity checks and document exchanges slow down nearly every new business relationship.
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Building a digital passport for businesses
Duna was founded in 2023 by Duco van Lanschot and David Schreiber, both former Stripe leaders. The company operates across Germany and the Netherlands and focuses on creating global trust infrastructure by standardising how businesses prove who they are.
The platform uses AI to automate business identity verification, compliance checks, and onboarding workflows. Duna’s long-term vision is a shareable identity network that enables one-click onboarding between companies, banks, fintechs, and platforms.
Faster onboarding and higher productivity
The technology is already used by banks, fintechs, and platforms including Plaid, CCV (Fiserv), Moss, Bol, and SVEA Bank. Customers report onboarding processes that are more than ten times faster and productivity gains close to five times compared with legacy compliance workflows.
According to the company, compliance and identity processes can account for 10–20% of a bank’s total operating costs, driven by fragmented systems and heavy manual work.
Turning compliance from cost center to growth engine
Duna’s founders argue that business identity has become more critical as AI increases both the speed and sophistication of fraud. By automating verification and compliance, the platform aims to reduce fraud risk while also unlocking revenue by lowering rejection rates for legitimate businesses.
The new funding will be used to scale the platform internationally, deepen AI capabilities, and move closer to Duna’s vision of a global, interoperable business identity network.
About Duna
Duna is an AI-powered business identity, onboarding, and compliance platform built for banks, fintechs, and financial institutions. The company is creating a digital passport for businesses to enable faster onboarding, secure compliance, and, over time, seamless one-click verification across the global B2B economy.
