Munich-based IDnow, a leading provider of AI-powered identity verification solutions, has been acquired by New York-based private equity firm Corsair Capital for €273 million ($295M) in an all-cash deal.
The acquisition gives USA-based private equity firm a 96% majority stake, up from its previous 43% ownership.
Scaling as a European Identity Verification Leader
Founded in 2014, IDnow provides a comprehensive Identity Verification-as-a-Service platform used in financial services, telecom, travel, gaming, and mobility industries. The company’s solutions range from fully automated identity checks to human-assisted verification, ensuring high security and compliance standards.
CEO Andreas Bodczek highlighted the company’s success:
“We have become a market leader in Germany and France, and this acquisition will allow us to scale further, strengthening our position across Europe.”
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Strategic Growth & Acquisition Plans
Corsair Capital’s increased investment will help IDnow:
- Expand its identity verification solutions across Europe.
- Pursue additional acquisitions to accelerate market growth.
- Enhance AI-driven security features to meet evolving compliance requirements.
IDnow has already grown through strategic acquisitions, including:
- ARIADNEXT (2021) – French leader in identity verification.
- Identity Trust Management AG (2021) – Strengthening the company’s German market footprint.
The Vision for the Verification Provider
Raja Hadji-Touma and Edward Wertheim, Partners at Corsair, emphasized their commitment to IDnow’s growth:
“Since our initial investment, the german firm has achieved impressive scale. With this deeper partnership, we look forward to driving the next chapter of innovation and expansion.”
With this backing, the german verification provider is set to accelerate its mission of making digital identity verification seamless and secure, positioning itself as a key player in the global identity verification market.
