IDnow

IDnow is the identity-verification incumbent purpose-built for the one thing US-centric rivals cannot easily replicate: European regulatory depth. Its combination of AI-automated document checks, human-assisted video-ident, and eIDAS-compliant qualified electronic signatures maps directly onto the fragmented, high-assurance KYC and AML regimes that banks, insurers, and telcos face across the EU, and its roughly 900 international customers give it a distribution base that compounds as onboarding shifts fully digital. The March 2025 all-cash deal in which Corsair Capital took a majority stake — reported at roughly $295M, one of Europe's larger identity exits and a decision to double down on a 2019 minority position — supplies both a permanent-capital sponsor and the balance sheet to consolidate a still-splintered European market. The regulatory tailwind is only strengthening: the EU's eIDAS 2.0 framework and the coming EU Digital Identity Wallet will force every regulated institution to support standards-based, high-assurance verification, and IDnow's video-ident and QES capabilities are exactly the legally weighty flows that automated selfie checks cannot substitute for. Backing from the European Investment Bank plus a BlackRock debt facility signals institutional confidence that a home-turf champion with jurisdiction-specific compliance can hold share against better-funded American entrants who treat Europe as an afterthought. If the wallet era rewards vendors already wired into EU legal frameworks, IDnow is positioned as default infrastructure.