Signicat takes over Inverid

Signicat, Europe's leading platform for digital identities, acquires Inverid, provider of the internationally established NFC identity verification ReadID. With this acquisition, Signicat is expanding its portfolio with a key technology for secure, mobile ID document verification. A strong signal towards technological market leadership.

We look back on a great partnership, are firmly convinced of the positive aspects of this strategic combination and look forward to continuing to be involved in this partnership after our reinvestment as a minority shareholder in Signicat.

Charly Zwemstra, CEO of Main Capital and Chairman of the Supervisory Board of Inverid

The acquisition will be carried out by the majority shareholder Main Capital and the founders, and a large part of the proceeds will be reinvested directly in Signicat by the Inverid shareholders. The companies expect significant technological and commercial synergies, for example by combining ReadID with Signicat's existing eID portfolio, fraud prevention technologies and eIDAS-compliant video verification.

ReadID: From startup to global standard

ReadID has been on the market since 2014 and is the world's first mobile solution for NFC-based identity verification. Customers such as Frontex, Rabobank and the governments of the UK and Denmark rely on the technology. With certifications such as ISO 27001, SOC 2 Type II and eIDAS LoA High, ReadID meets the highest compliance standards.

A European alliance in the identity market

We share European values, high security standards and the vision of a digital Europe - making us the perfect partners for the next era of identity verification.

Maarten Wegdam, CEO of Inverid

The integration takes place against the backdrop of growing demands for secure digital identities - such as the upcoming European Identity Wallets. The merger positions Signicat and Inverid as a leading provider of integrated, scalable and secure identity solutions for governments, banks and regulated markets in Europe and beyond.