SignD closes €1m investment to bolster international growth efforts

Austrian RegTech platform SignD Identity has closed a €1m investment which will help it to bolster its international sales and marketing efforts.

The investment was supported by a number of angel investors including QC Advisers founder Fritz Schweiger, former Jumio investor Felix Famira and others.

SignD offers a digital onboarding and KYC software solution for banking and insurance companies brokers and more. The company claims to be a one-stop shop for consumer enrolment. It covers the entire onboarding and KYC process, from personal identification, address validation, to additional checks such as anti-money laundering (AML) or Politically Exposed Persons (PEP).

The RegTech company is looking to release its Qualified Electronic Signature (QES) service later in the year.

Its services support proof of identity in more than 200 countries and regions, and can validate over 7,000 official documents.

Fritz Schweiger said, “I am convinced that SignD’s solutions have hit the market at exactly the right time. Companies are now actively seeking solutions to digitize their onboarding processes – and SignD enables them to do so without lengthy and costly IT projects.”

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