Fourthline and Veridas combine forces to take on global digital identity market

Digital ID provider Veridas is merging with European identity verification and compliance company Fourthline to deliver an advanced trust platform across Europe and the Americas. European investment Ashgrove has committed a €40 million growth investment to Fourthline to support the completion of its merger with Veridas. The wider funding package of up to €65 million includes support from Fourthline’s existing shareholder Finch Capital and new equity investment from Seaya Andromeda. Founded in Amsterdam in 2017, Fourthline enables financial institutions to maintain consistent compliance standards while supporting ambitious global expansion. Its clients include  Revolut, N26, Trade Republic, Qonto, Scalable Capital, Scalapay, Raisin, Rabobank and Bitpanda.  Veridas is a technology company founded in 2017 as a joint venture with BBVA. Since then, it has become a global player in the identity industry, serving over 350 clients across 25 countries in sectors including banking, insurance,