Signicat, the leading pan‑European digital identity platform, today announced the acquisition of Inverid, the innovative Dutch provider of NFC‑based digital identity verification solutions, for an undisclosed sum from majority owner Main Capital and the founders. Existing shareholders will reinvest a significant portion of the proceeds back into Signicat, underscoring their strong support for the combined company.
The acquisition enhances Signicat’s offering with Inverid’s flagship product, ReadID, which has set the global standard for NFC‑based verification of identity documents. Integrating ReadID strengthens Signicat’s commitment to remaining at the forefront of innovation. Signicat and Inverid bring immediate technical and commercial synergies, plus a shared cultural alignment that supports a smooth integration.
ReadID, launched in 2014, was the world’s first NFC-based mobile identity verification solution and provides high security and reliability for sectors that require rigorous identity checks. Inverid’s customers span both public and private sectors, including government agencies, financial institutions and border control authorities.
ReadID delivers unmatched capabilities in NFC‑based document verification and holds industry‑leading certifications such as ISO27001, ISO27701, SOC2 Type II and eIDAS Level of Assurance High. ReadID is used by more than 50 organisations, including Rabobank, the UK and Danish governments, and the European Border and Coast Guard Agency (Frontex), enabling secure, efficient and scalable identity verification processes.
Over the past three years, Inverid, with backing from Main Capital, has made substantial investments in research and development—culminating in the opening of a dedicated centre in Valencia—and has strengthened its market efforts. As a result, the company has won major contracts, tripled its revenue and quadrupled its profitability.
Signicat has significantly expanded its European footprint in recent years through major organic investments in product development and through eight strategic acquisitions to enhance its proprietary technology, customer base and market expertise. Inverid now joins a platform that includes other leading solutions such as high‑security app‑based mobile authentication, market‑leading eIDAS‑compliant video identity verification solutions, the world’s largest hub for national eIDs and leading fraud prevention products like RiskFlow and Mint.
“By adding Inverid’s unique NFC‑based solution to our platform, we can offer customers the best available document verification technology and unparalleled identity solutions,” says Asger Hattel, CEO of Signicat. “This transaction demonstrates our commitment to leading digital identity innovation and our ongoing efforts to provide customers with more effective tools to fight fraud while improving the digital experience for their end users.”
“The acquisition of Inverid is an important step to further strengthen Signicat’s portfolio and deliver even better digital identity solutions to the market. The deal builds on a successful partnership between the companies and a strong cultural fit, which will generate immediate synergies. Nordic Capital looks forward with enthusiasm to supporting Signicat’s continued growth across Europe,” says Rolf Torsøe, CEO of Nordic Capital Advisors.
“We share the same culture and European values, which creates a strong combined offering, particularly as developments around the European Identity Wallet progress,” says Maarten Wegdam, co‑founder and CEO of Inverid. “The identity verification market is shifting toward integrated and secure solutions. By combining our verification technology with Signicat’s global platform and orchestration capabilities, we are well positioned to support this growing market.”
Charly Zwemstra, CEO of Main Capital and chairman of the board at Inverid, adds: “We are proud to announce this next stage in Inverid’s growth strategy. Since our investment in 2022 the company has advanced its internationalisation strategy while preserving its reputation as a world‑leading pioneer in NFC‑based identity verification technology. We look back on a successful partnership, believe in the benefits of this strategic combination and are pleased to continue as minority investors in Signicat.”
The acquisition underscores Signicat’s ambition to lead in digital identity by offering customers high‑security solutions tailored to today’s challenges. For financial institutions, public authorities and other organisations with strict compliance and security requirements, the integration of Inverid into Signicat’s portfolio represents a valuable addition to their modern, secure and scalable identity verification toolset.