The path to the future
fidentity ready for further growth with successful financing round
fidentity simplifies automated online identification (KYC) via ID document and liveness check. With fidentity, GWG-compliant onboarding is fully automated and always available. Banks and regulated financial service providers rely on fidentity to manage their AML risks and still offer their customers an online experience that doesn’t have to hide behind any neo-bank. With the fresh capital, fidentity will expand its product leadership and invest in further growth in Switzerland and Europe.
The financing round was carried out with Spicehaus Swiss Venture Fund as lead investor and several experienced angel investors.
“We are delighted to have reached an important milestone for fidentity with this financing round. Our goal is to make our solution even better known and to show that compliance and an excellent user experience are not mutually exclusive. With Spicehaus, we have gained a partner with a lot of experience in our target market! “, says Thorsten Hau, CEO of fidentity. “fidentity combines compliance and technology in a fascinating way to create an extremely customer-friendly solution. We are very pleased to support fidentity.” adds Heidi Kunz, Investment Manager at Spicehaus Partners AG.
Focus on growth in Switzerland and Europe
The potential for modern KYC in Switzerland remains high and development is dynamic. Established financial service providers are continuing to digitize their business processes at a rapid pace.
fidentity is planning to expand into Europe in 2022. In a first step, the focus will be on the countries bordering Switzerland. Thorsten Hau: “Our solution has proven itself a thousand times over in Switzerland and we look forward to being present in Europe soon.”
About fidentity
fidentity was founded in Bern in 2016 and has been active on the Swiss market since the beginning of 2017. The fintech company offers financial service providers a web solution for the finma-compliant online identification of natural persons. Using state-of-the-art technology, which is developed entirely in Switzerland, fidentity resolves the tension between simplicity for the end customer, regulatory security and flexibility in integration. The strong growth in the past financial year clearly shows that seamless identification is a key component in the technology portfolio of financial service providers.
About Spicehaus
Spicehaus Partners AG is a Swiss venture capital investor. The two founders behind Spicehaus are Teddy Amberg and Daniel Andres. Together they have more than 25 years of experience in the institutional business (Partners Group, BNP Paribas). They have also founded and helped build companies themselves as entrepreneurs. Teddy Amberg co-founded the Swiss fintech start-up CreditGate24, which is now the largest Swiss peer-to-peer lending platform. Daniel Andres co-founded the trading company dakuro. To date, the two partners have invested in 20 start-ups and have been involved in some of the largest Swiss exits: MOVU (bought by Baloise) and Bexio (bought by Mobiliar). Spicehaus Partners AG acts as investment advisor for the Spicehaus Swiss Venture Fund. The fund invests in Swiss start-ups that are driving digitalization forward.
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