Signicat, a leading pan-European digital identity platform, has announced the acquisition of Inverid, a Dutch provider renowned for its NFC-based identity verification technology, ReadID.
Inverid was acquired from Main Capital and its founders for an undisclosed amount, with existing shareholders reinvesting substantially in Signicat to support the partnership.
The acquisition is aimed at enhancing Signicat’s capabilities in secure identity verification. By integrating Inverid’s ReadID technology, Signicat aims to solidify its leadership in digital identity services and reinforce its commitment to innovation. Although the value of the deal has not been disclosed, the reinvestment by existing shareholders reflects strong confidence in the combined offering.
Signicat delivers a suite of digital identity services spanning electronic IDs (eIDs), authentication, anti-fraud tools, and identity verification. With a presence across Europe, the company has grown both organically and through strategic acquisitions, now totalling eight. Its platform includes solutions such as high-security mobile authentication, video-based identity verification, and fraud orchestration tools like RiskFlow and Mint.
Inverid, established in the Netherlands, is the creator of ReadID—the first NFC-based mobile identity verification solution. Trusted by government bodies, banks, and border agencies across Europe, ReadID enables secure and scalable ID verification. The platform boasts certifications including ISO27001, ISO27701, SOC2 Type II, and eIDAS Level of Assurance High. Its customers include Rabobank, the UK and Danish governments, and Frontex.
Backed by Main Capital over the past three years, Inverid has significantly grown its R&D and go-to-market functions. It opened a new R&D centre in Valencia, secured major industry tenders, tripled its revenue, and increased profitability fourfold.
The acquisition brings immediate technological and commercial synergies for both firms. With shared European foundations and a strong cultural alignment, the integration also positions the combined entity to respond to developments like the upcoming European Identity Wallet.
Signicat CEO Asger Hattel said, “By adding Inverid’s unique NFC-based solution to our platform, we can offer our customers the best possible document verification technology and unmatched identity solutions. This transaction demonstrates our commitment to remaining at the forefront of digital identity innovation, constantly striving to offer our customers still more effective tools to fight fraud while improving digitization journeys for their end users.”
Nordic Capital Advisors managing director Rolf Torsøe said, “The acquisition of Inverid is an important step to further strengthen Signicat’s offering to deliver even better digital identity solutions to the market. Building on a successful partnership between the companies and a strong cultural fit, this transaction will unlock immediate synergies. Nordic Capital is enthusiastic about supporting Signicat’s continued growth journey in Europe.”
Inverid co-founder and CEO Maarten Wegdam said, “We share the same culture and European foundations, creating an excellent proposition, also in the context of the coming European Identity Wallet developments. The identity verification market is moving more towards integrated and secure solutions. By combining our identity verification technology with Signicat’s global platform and unique identity and orchestration solutions, we can support that growing market perfectly.”
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