Press release
fidentity simplifies automated online identification (KYC) via identification documents and a liveness check. With fidentity, AML-compliant onboarding is completely automated and always available. Banks and regulated financial service providers rely on fidentity to manage their AML risks while offering an online experience on par with 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 completed with Spicehaus Swiss Venture Fund as lead investor and several experienced angel investors.
«We are pleased 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 happy to support fidentity. ” adds Heidi Kunz, Investment Manager at Spicehaus Partners AG.
Focus on growth in Switzerland and Europe
The potential in Switzerland for modern KYC is still great and the development is very dynamic as established financial service providers continue to digitize their business processes at great speed.
fidentity plans to expand to Europe for 2022. In a first step, the focus is on the countries bordering Switzerland. Thorsten Hau: “Our solution has proven itself a thousand times over in Switzerland and we look forward to soon being present in Europe, too.”
About fidentity
fidentity was founded in 2016 in Bern and has been active in the Swiss market since the beginning of 2017. The fintech company offers financial service providers a web solution for finma-compliant online identification of natural persons. Using state-of-the-art technology, which is completely developed in-house in Switzerland, fidentity resolves the tension between simplicity for the end user, regulatory security, and a flexible integration. The strong growth in the past financial year clearly shows that smooth identification is an essential component in the technology portfolio of financial service providers.
About Spicehaus
Spicehaus Partners AG is a Swiss venture capital investor. Behind Spicehaus are the two founders Teddy Amberg and Daniel Andres. Together they have more than 25 years of experience in institutional business (Partners Group, BNP Paribas). In addition, as entrepreneurs, they founded and helped build companies themselves. Teddy Amberg helped set up the Swiss fintech startup CreditGate24, which is now the largest Swiss peer-to-peer lending platform. Daniel Andres co-founded the trading company dakuro. So far, the two partners have invested in 20 startups 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 startups that are driving digitalization.
