Frankfurt, Dusseldorf According to financial circles, the identity checker IDnow is for sale. The company offers procedures for customer identification, for example for banks. Some of the venture capitalists behind IDnow wanted out and have started an auction process with the help of investment bank Goldman Sachs, people familiar with the matter said. Among the owners are Seventures, EIB, 10x Group, Corsair Capital.
Both a complete sale and a financing round are currently being considered, in which some of those involved could opt out. According to informed people, IDnow could achieve a valuation of more than one billion euros. Others put the valuation closer to 700 million euros.
Financial investors in particular showed interest in boss Andreas Bodczek’s company. The company was founded in 2014 by Dennis von Ferenczy, Sebastian Bärhold, Armin Bauer and Felix Haas. Whether the founders continue to invest and remain active in the company will probably depend on the offers.
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