AnaCap Financial Partners (AnaCap), a specialist mid-market private equity investor in technology enabled financial services, has completed its acquisition of WebID, a German digital identification provider.
AnaCap will provide significant growth capital and partner with the founders and existing management team.
The company is looking to extend WebID’s product offering to other industries outside of the core financial services and telecoms space where it has a market presence, such as eGovernment, eHealth, eCommerce and eMobility as well as support inorganic growth through future acquisitions.
WebID provides a range of digital identification solutions for Know Your Customer (KYC) purposes as well as qualified electronic signature (QES) solutions for e-signing to financial institutions and corporates across Germany.
The firm was founded in 2012 and is headquartered in Berlin, other main sites are Hamburg, Kiel, and Solingen.
Frank S. Jorga
Frank S. Jorga, Founder of WebID said,
“Now with AnaCap, we have found the right investor to consistently expand our leading position in the market and as an industry pioneer and to significantly accelerate our growth, which has so far been organic.
AnaCap’s experience and success in the fintech space are ideal to further realize our strategy of ambitious growth. Together, we are taking WebID’s success story to the next level.”
Featured image: Frank S. Jorga, Founder of WebID
