Ver.iD secures 2 million euros

Ver.iD raises €2 million to further develop its identity verification platform in response to growing demand for secure, cross-border solutions

Amsterdam, January 2, 2025 - Digital identity verification startup Ver.i D has closed a successful funding round and raised €2 million. This investment will help to further develop the technology platform and expand its market presence. The timing of the funding is significant as the European Commission has recently adopted technical standards for digital identity wallets in cross-border use.

Focus on cross-border applications and regulatory standards

Ver.iD provides solutions for digital identity verification, particularly in the areas of cross-border payments, liquidity management and global trade. The company supports the implementation of the EU eIDAS framework, which sets standards for electronic identification and trust services in EU member states.

Ver.iD's platform is based on three central functions: Exchange, Value Storage and Computing Unit. The technology is designed to meet the growing need for reliable and compliant identity verification solutions. Especially in the context of GDPR and other strict data protection laws, Ver.iD offers a secure and future-oriented solution.

Expansion in a dynamic market environment

Ver.iD operates in a market environment characterized by new initiatives such as blockchain-based identity verification and the implementation of European standards for digital identities. With its cross-border orientation and a focus on seamless, secure processes, the company meets the increasing requirements of globally active organizations. With the new funding, Ver.iD believes it is well positioned to further drive digitalization and cross-border trade.