IDnow - About the company
IDnow is an acquired company based in Munich (Germany), founded in 2010 by Felix Haas, Sebastian Baerhold, Armin Bauer and Dennis Von Ferenczy. It operates as a Provider of automated and expert-led identity verification and digital trust services. IDnow has raised $40M in funding from investors like Seventure Partners, BayBG Venture Capital and Giesecke+Devrient. The company has 1103 active competitors, including 242 funded and 156 that have exited. Its top competitors include companies like PayPal, Oracle and Broadcom.
Company Details
Provider of automated and expert-led identity verification and digital trust services. They offer solutions for secure customer onboarding, fraud prevention, and compliance with regulations. The company’s offerings include automated identity verification, expert-led video verification, and in-person verification options. Trust services facilitate digital signatures, time stamps, and electronic seals.
- Website
- www.idnow.io/
- Social
- Email ID
- *****@idnow.io
- Phone Number
- +49 **********
Key Metrics
Founded Year
2010
Location
Munich, Germany
Stage
Acquired
Total Funding
$40M in 5 rounds
Latest Funding Round
Investors
Ranked
9th among 1103 active competitors
Employee Count
29 as on Dec 31, 2023
Exit Details
Acquired by Corsair Capital (Mar 06, 2025)
Legal entities associated with IDnow
IDnow is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
IDNOW GMBH CIN: 0779.348.082 , Belgium, Active | Sep 01, 2021 | - | - | - |
Idnow Gmbh CIN: HRB210463 , Germany, Active | Feb 25, 2014 | - | - | |
IDNOW UK LIMITED CIN: 12912012 , United Kingdom, Active | Sep 28, 2020 | $5.17M (As on Dec 31, 2024) | 28 (As on Dec 31, 2024) | |
IDnow GmbH CIN: D2601_HRB210463 , Germany, Active | Feb 26, 2014 | - | 192 (As on Dec 31, 2021) |
IDnow's acquisition details
IDnow got acquired by Corsair Capital on Mar 06, 2025 at an acquisition amount of $295M. It was facilitated by POELLATH.
Click here to take a look at IDnow's acquisition in detail
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IDnow's funding and investors
IDnow has raised a total funding of $40M over 5 rounds. Its first funding round was on Sep 26, 2016. Its latest funding round was a Conventional Debt round on Aug 03, 2022 for $*****. 1 investor participated in its latest round. IDnow has 24 institutional investors and 18 angel investors.
Here is the list of recent funding rounds of IDnow:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 03, 2022 | 2388226 | Conventional Debt | 4779411 | 8862544 | 6953910 | 3716160 |
Dec 08, 2020 | 6199322 | Conventional Debt | 5962061 | 2782683 | 9873043 | |
Oct 28, 2019 | 7508771 | Series C | 4948197 | 6567099 | 2866703 |
Access funding benchmarks and valuations. Sign up today!View details of IDnow's funding rounds and investors
IDnow's founders and board of directors
Founder? Claim ProfileThe founders of IDnow are Felix Haas, Sebastian Baerhold, Armin Bauer and Dennis Von Ferenczy. Andreas Bodczek is the CEO of IDnow.
Here are the details of IDnow's key team members:
- Felix Haas: Co-Founder of IDnow and founder of 4 other companies, including Dev Academy, Bits & Pretzels and Amiando. They are also an angel investor in 7 startups and serve on the board of 1 company.Contact Info: 1 email address
- Sebastian Baerhold: Co-Founder of IDnow. They are also an angel investor in 1 startup and serve on the board of 1 company.
- Armin Bauer: Founder, Managing Director Technology of IDnow. They serve on the board of 1 company.
- Dennis Von Ferenczy: Co-Founder of IDnow and founder of 1 other company. They serve on the board of 1 company.
- Andreas Bodczek: CEO of IDnow. They serve on the board of 1 company.Contact Info: 1 email address
IDnow's Board of Directors
IDnow's board has 6 active members. Sebastian Baerhold, Armin Bauer and Andreas Bodczek are part of team and Rupert Spiegelberg, Andrea Bodczek and Joseph Lichtenberger are independent board members.Here is the list of IDnow's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 12y 1m | |
sny{kkd | Team | - | Past | 8y 4m |
cemgit{ | Team | - | Past | 1y 5m |
xmvnlfk | Team | - | Past | 5y 1m |
rdwyjeo | Team | - | Past | 3y 1m |
Independent board member | - | Current | 8y 0m | |
yelvuym | Independent board member | - | Current | 6y 7m |
zxnkymj | Independent board member | - | Past | 3y 5m |
stfahnv | Independent board member | - | Past | 2y 1m |
qemagmf | Independent board member | - | Past | 3y 8m |
dyhpo{e | Independent board member | - | Past | 1y 7m |
View details of IDnow's Founder profiles and Board Members
IDnow's employee count trend
IDnow has 29 employees as of Dec 23. The total employee count is 38.0% more than what it was in Dec 22. Here is IDnow's employee count trend over the years:
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IDnow's Competitors and alternates
Top competitors of IDnow include PayPal, Oracle and Broadcom. Here is the list of Top 10 competitors of IDnow, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st |  PayPal 1998, United States, Public | Provider of online payment solutions, money transfers, and virtual wallets | $216M | 87/100 | |
2nd | Oracle 1977, Austin (United States), Public | Hybrid cloud infrastructure platform | - | 83/100 | |
3rd | Broadcom 1991, California (United States), Public | Platform offering data center fiber optic networks | - | 79/100 | |
4th |  TrustArc 1997, Walnut Creek (United States), Acquired | Cloud-based data privacy and compliance solutions for businesses | $107M | 78/100 | |
5th |  Jumio 2010, Sunnyvale (United States), Acquired | Provider of AI-powered identity verification solutions | $196M | 77/100 | |
6th |  Alteryx 1997, Irvine (United States), Acquired | Cloud based suite of data analytics solutions | $163M | 77/100 | |
7th |  Chainalysis 2014, New York City (United States), Series F | Blockchain data platform providing crypto insights | $538M | 77/100 | |
8th | Provider of a platform for identity verification and risk management | $62.7M | 75/100 | ||
9th | Provider of automated and expert-led identity verification and digital trust services | $40M | 75/100 | ||
10th | M2P Fintech 2014, Chennai (India), Series D | Provider of APIs enabling banking, lending, and payment financial services | $188M | 74/100 |
Get insights and benchmarks for competitors of 2M+ companies! Sign up today!Looking for more details on IDnow's competitors? Click here to see the top ones
IDnow's Investments and acquisitions
IDnow has acquired 2 companies including AriadNEXT and Identity Trust Management. IDnow has not made any investments as of now.News related to IDnow
Filter this listMedia has covered IDnow for a total of 7 events in the last 1 year, 2 of them have been about partnerships and 1 about company updates.
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Castles Technology Selects Bright Pattern to Modernize Global Customer SupportGlobal Fintech Series•Feb 24, 2026•Castles Technology, Bright Pattern, IDnow
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"Finance Forward" podcast: How identity checker IDnow wants to grow to 150 million euros in salesmanager magazin•Nov 05, 2025•Corsair, IDnow
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IDnow Receives Early Certification for eIDAS 2.0 Biometric Identity VerificationBiometricUpdate.com•Aug 14, 2025•IDnow
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IDNow, Microblink, Smartsearch enhance leadership for market growthBiometricUpdate.com•Jul 14, 2025•IDnow, Microblink
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Idnow And Keyless Partner For Enhanced Digital Identity SecurityFintech Finance•Jul 03, 2025•IDnow, Keyless
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IDnow, Keyless partner on biometric ‘continuous trust’ for industries with strict compliance rulesBiometricUpdate.com•Jul 02, 2025•Keyless, IDnow
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ID Verification Platform IDnow Gets $295 Million Corsair Capital InvestmentPYMNTS.com•Mar 12, 2025•IDnow, Corsair Capital
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Corsair Capital makes USD 295 million deal with IDnowThe Paypers•Mar 07, 2025•Corsair Capital, IDnow
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