IDnow Secures Majority Investment from Corsair Capital for Future Growth
Deal News | Mar 06, 2025 | Corsair Capital
Corsair Capital, a specialized investment firm, has announced a strategic majority investment in IDnow, a leading identity verification platform provider in Europe. The deal aims to enhance IDnow's growth and solidify its leadership position in the European identity market and beyond. Founded in 2014, IDnow utilizes AI-powered identity verification technologies, catering to industries such as financial services and telecommunications. This investment marks Corsair’s transition from a minority stakeholder since 2019 to acquiring the majority stake, enabling IDnow to accelerate growth, expand its geographical reach, and broaden its portfolio with acquisitions. IDnow, with offices in Germany, the UK, and France, has integrated its offerings significantly by acquiring ARIADNEXT and Trust Management AG, thereby creating a comprehensive identification solution through a single platform. The partnership with Corsair is seen as a step forward in unlocking new opportunities in the digital identity market.
Sectors
- Financial Services
- Software
- Telecommunications
Geography
- Europe – IDnow operates across Europe and aims to solidify its leadership in this region.
- Germany – IDnow is based in Germany, highlighting its primary operational geography.
- United Kingdom – IDnow has offices in the UK, illustrating its geographical presence there.
- France – IDnow has established a market leadership position in France, especially following its acquisition of ARIADNEXT.
Industry
- Financial Services – IDnow provides identity verification solutions for financial services, making it relevant to this industry.
- Software – Corsair Capital focuses on investments in software, which is pertinent as IDnow develops AI-driven verification technologies.
- Telecommunications – IDnow caters to telecommunications industries, underlining its significance in this sector.
Financials
- $13.6 billion – Total capital invested by Corsair across buyouts and infrastructure since inception.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| IDnow | Target Company | Company | A leading identity verification platform provider based in Europe. |
| Corsair Capital | Bidding Company | Company | A specialist investment firm focusing on payments, software, and business services investments in the financial services market. |
| ARIADNEXT | Acquired Company | Company | Company acquired by IDnow to strengthen its solution offerings in France. |
| Trust Management AG | Acquired Company | Company | German company acquired by IDnow to broaden its solution offerings. |
| Andreas Bodczek | CEO of IDnow | Person | CEO of IDnow who commented on the strategic investment by Corsair. |
| Felix Haas | Executive Chairman and Co-Founder of IDnow | Person | Executive Chairman and Co-Founder of IDnow, discussing the growth journey. |
| Raja Hadji-Touma | Partner at Corsair Capital | Person | Corsair Capital Partner involved in the expansion of the partnership with IDnow. |
| Edward Wertheim | Partner at Corsair Capital | Person | Corsair Capital Partner commenting on the investment expansion. |