IDnow Secures Majority Investment from Corsair Capital

IDnow, a leading provider of identity verification platforms in Europe, has announced that Corsair Capital will acquire a majority stake in the company. The investment by Corsair Capital, which previously held a minority stake, aims to further accelerate IDnow's growth in the European identity verification market and globally. Since its founding in 2014, IDnow has utilized AI-powered verification technologies to serve clients across industries such as financial services, telecommunications, travel, gaming, and many more. In the past, Corsair's support enabled IDnow to advance its technical prowess and expand via acquisitions, notably gaining a leadership foothold in France. Corsair's increased investment is seen as a vote of confidence in IDnow's management and its vision for future expansion. The company's customer base is spread across various regions, and the additional resources from Corsair are expected to bolster IDnow's comprehensive portfolio of solutions on a European scale. Executives from both IDnow and Corsair are optimistic about the growth potential and expansion opportunities this new investment will unlock.