EIB provides €15m of funding to IDnow

The European Investment Bank will provide €15 million of growth funding to the German identity verification platform IDnow - a group involved in secure, remote auto and video identification and electronic signature services.  

The platform enables companies to acquire customers and manage transactions faster and easier, while complying with know your customer and anti-money laundering regulations. The investment will primarily support IDnow’s research and development activities as well as its international growth.