IDnow increases sales by 134 percent

Last year's acquisitions have paid off: IDnow recorded growth in both sales and demand in the first quarter.

Last year, IDnow first acquired its competitor Identity Trust Management in March and then merged with French provider Ariadnext in June. Just under a year after the two takeovers, the Munich-based company is now presenting its business figures for the first quarter of this year: According to the figures, turnover in the first quarter increased by 134 percent compared to 2021. The company also received 95% more orders in the spring of this year than in the previous year.

"The merger of IDnow, ARIADNEXT and identityTM has made us one of the strongest providers in Europe," says IDnow Managing Director Andreas Bodczek. "This is reflected both in our business figures and in our order situation." Founded in 2014, the company offers various automated and human-assisted methods for identity verification - such as video identification and digital contract signing. In addition to Germany, IDnow is now active in the UK, the United Arab Emirates and France.

The start-up is also planning to expand its identity platform in the current financial year. Among other things, the company is aiming for further certifications in France and Romania - market entry is also planned in the Eastern European country following certification.