Signicat, a provider of digital identity and electronic signature solutions, is acquiring all shares in the UK-headquartered anti-fraud company Sphonic for an undisclosed sum.
Existing management shareholders will reinvest a substantial part of the consideration into Signicat.
Sphonic was founded in London in 2012 and is a pioneer in automating compliance decision processes. With this acquisition, Signicat will be able to extend its leading existing identity platform with Sphonic’s know your customer (KYC), know your business (KYB) and anti-money laundering (AML) solutions.
