Digital identity platform Signicat has acquired Inverid, a Dutch provider of NFC-based digital identity verification solutions, for an undisclosed sum from majority shareholder Main Capital and the founders, with existing shareholders to substantially reinvest.
The acquisition strengthens Signicat’s offering with Inverid’s flagship solution, ReadID, which has set the global standard for NFC-based identity document verification.
First launched in 2014, ReadID was the world’s first NFC-based mobile identity verification solution, providing a high level of assurance and reliability for sectors requiring rigorous identity checks.
In the past three years, with the backing of Main Capital, Inverid has made substantial investments in both R&D – marked by the opening of a dedicated hub in Valencia – and in strengthening its go-to-market capabilities. As a result, the company has secured key industry tenders, tripled its revenue, and increased profitability fourfold.
Inverid’s client list spans both public and private sectors, including governments, financial institutions, and border control authorities.
Signicat has heavily expanded its European footprint over the last years through large organic investments in development of new products, but also through eight strategic bolt-on acquisitions to strengthen its proprietary technology, customer base, and market expertise.
Inverid joins a platform which includes other industry-leading solutions such as high-security app-based mobile authentication, unparalleled eIDAS-compliant video-based identity verification solutions, the world’s by far largest hub of national eIDs, and leading anti-fraud orchestration solutions like RiskFlow and Mint.
