Ver.iD, a SaaS platform specializing in digital identity verification, has recently made headlines by successfully raising €2M in angel funding. This comes as a critical precursor to their ambitious plan of securing an additional €4M to further expand their services across Europe. Ver.iD was established in response to the stringent requirements of the eIDAS 2.0 regulation, which will obligate public and private entities, including financial institutions, energy providers, and insurance companies, to incorporate digital ID apps by 2026.
The Ver.iD platform offers a comprehensive solution designed to ensure compliance with these upcoming regulations, significantly reducing the risk of fraud and data breaches while enhancing the overall user experience. By supporting multiple payment methods and a range of digital identification tools such as ID wallets, the platform provides unparalleled flexibility for both users and service providers. In collaboration with the Chamber of Commerce, Ver.iD is conducting pilot projects that allow executive access to authorization data via ID wallets, thereby streamlining many regulatory processes.
Robert van Altena, co-founder of Ver.iD, elaborated on the platform’s sophisticated capabilities in delivering essential customer data while ensuring privacy safeguards. He highlighted that these features significantly expedite the onboarding and verification processes, making them more secure and user-friendly. Expressing pride in the trust shown by their investors and clients, Van Altena articulated the company’s ambitious vision to emerge as a frontrunner in the realm of digital identity in Europe. In essence, Ver.iD embodies a significant leap forward in creating a safer, more efficient model for digital identity verification, aligning perfectly with impending regulatory mandates.
