Signicat, a Norway-based digital identity platform, has acquired Inverid, a Dutch company specialising in NFC-based identity verification, for an undisclosed amount.
The deal sees Inverid’s majority shareholder, Main Capital, and the company’s founders reinvest a significant portion of the proceeds into Signicat.
The acquisition brings Inverid’s ReadID technology under Signicat’s platform.
ReadID, launched in 2014, was the first mobile identity verification solution based on NFC technology and is used by both public and private sector clients.
It holds certifications including ISO27001, ISO27701, SOC2 Type II, and eIDAS Level of Assurance High.
“Inverid’s NFC-based solution enhances our document verification capabilities,”
said Asger Hattel, CEO of Signicat.
“This transaction supports our goal of offering robust fraud prevention tools while improving digital identity processes.”
Maarten Wegdam, CEO of Inverid, said the companies share cultural and regional foundations.
“The market is shifting towards secure, integrated solutions. By combining our technology with Signicat’s platform, we are well-positioned to meet this demand.”
Inverid’s clients include Rabobank, Frontex, and government agencies in the UK and Denmark.
The company has expanded significantly in recent years, opening an R&D hub in Valencia and tripling its revenue under Main Capital’s ownership.
Signicat has grown through a combination of organic product development and strategic acquisitions.
Its platform includes mobile authentication, video-based identity verification, and fraud prevention tools.
Featured image credit: Signicat
