IDnow increases sales by 134 percent

The acquisitions of the past year have paid off: IDnow recorded growth in both revenue and demand in the first quarter.

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

"Through the merger of IDnow, ARIADNEXT and identityTM, we have become one of the strongest providers in Europe," said IDnow CEO Andreas Bodczek. "This is reflected in our business figures as well as 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 the meantime, IDnow is active in the United Kingdom, the United Arab Emirates and France, in addition to Germany.

The start-up also plans to expand its identity platform in the current fiscal 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 after certification.