Lissi Lands 3.5 Million Euros

The launch of the European Digital Identity Wallet (EUDI Wallet) is drawing nearer, and with it comes a growing need for technical solutions for banks and financial service providers. Frankfurt-based IdentityTech company Lissi has now closed a funding round of 3.5 million euros to further expand its platform for integrating the EUDI Wallet.

The round is led by the French venture capital investor Ventech. Also participating are BM H Beteiligungs-Managementgesellschaft Hessen, as well as existing investors main incubator (Commerzbank Group) and Ninepointfive Ventures.

Banks Are Preparing for the AMLR

The funding comes at a strategically important time. The new European Anti-Money Laundering Regulation (AMLR) will take effect on July 10, 2027. This increases the pressure on banks and financial service providers to implement digital identity solutions that comply with the requirements of the eIDAS Regulation.

According to the company, approximately 90 percent of Lissi’s customers are already in the financial sector. These include banks, insurance companies, payment service providers, and identity providers—among them Commerzbank and itsme.

SDK Aims to Turn Banking Apps into Digital Wallets

With the fresh capital, Lissi plans to further develop its EUDI Wallet Connector Suite and launch its own Software Development Kit (SDK).

This will enable banks and financial service providers to integrate the functions of a digital identity wallet directly into their existing banking apps. The goal is to expand existing applications with digital identity features without the need for costly new development.

European Alternative for Digital Identities

Lissi deliberately positions itself as an independent European infrastructure platform. The company focuses on interoperability between public and private EUDI wallets across all EU member states and aims to offer financial institutions a data-protection-compliant alternative to international platform providers.

In addition to technical integration, the focus is on regulatory requirements such as KYC (Know Your Customer) processes, strong customer authentication (SCA), and digital proofs.

From Research Project to Market Leader?

Lissi has been working on digital identities since 2019 and played a key role in developing the European wallet ecosystem. As the lead of the IDunion research project, the company developed core technical components that are now used in the EUDI Wallet.

Following its spin-off from the Commerzbank Group in 2023, Lissi won the German EUDI Wallet Challenge in 2025 and is now working with more than 30 organizations from ten EU member states to roll out digital identity solutions. With this latest round of funding, the company aims to further expand its position in the regulated financial market and establish itself as a central infrastructure for European digital identity.