Observed Signal · Mar 6, 2025 · M&A - Completed · Source: Trending Topics · Impact: 2/5 · Sentiment: Neutral
German FinTech IDNow Acquired by Corsair for €278M
German identity verification fintech IDnow has been acquired by private equity firm Corsair Capital in a deal reportedly worth around €278 million ($300 million). Founded in 2014 by Felix Haas, Armin Berghaus, Dennis von Ferenczy and Sebastian Baerhold, IDnow serves about 900 clients including UBS, UniCredit, N26 and Sixt. The company reported around €80 million in revenue for 2024, its first profitable year, and employs approximately 500 people. Corsair, already an investor since 2019, had previously sought to sell its stake at a €900 million valuation but the deal fell through. IDnow has used Corsair's funds to acquire French competitor Ariadnext and Wirecard's call-center assets, and is increasingly focusing on AI-driven identity verification.
Significant startup exit in the German fintech space, but not directly impacting the AdTech/MarTech industry.
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Key Takeaways & Evidence Grounding
- IDnow was acquired by Corsair Capital for approximately €278 million.
- IDnow reported about €80 million in revenue in 2024 and was profitable for the first time.
- The startup serves around 900 customers, including UBS, UniCredit, N26 and Sixt.
- Corsair had previously aimed for a €900 million valuation in a failed sale attempt.
- IDnow acquired French provider Ariadnext and call-center operations of insolvent Wirecard.
Connected Companies & Entities
4 Entities mapped“Zu den 900 Kunden, die das Startup nach eigenen Angaben bedient, zählen unter anderem die Großbanken UBS oder Unicredit...”
“Zu den 900 Kunden, die das Startup nach eigenen Angaben bedient, zählen unter anderem die Großbanken UBS oder Unicredit...”
“die Neobank N26...”
“Die Gespräche mit der Investmentbank Goldman Sachs liefen bereits...”
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