Signicat

Signicat is a leading provider of verified digital identity solutions, mainly focused on the regulated financial services industry.

Company Background

• A pioneer and technology-leader in verified digital identity solutions with a pan-European presence and a global reach.
• Offering of compliant online authentication, identification verification, electronic signature and trust orchestration solutions that reduce risk and enhance user experience.
• Strong client base from the financial services sector with providers and banks and in other industries. In total Signicat has +1,300 enterprise customers.
• Sustainable business model that accelerates digitalisation in the financial services sector and beyond and promotes financial inclusion in society.

Vision & Outlook

• By driving innovation and expanding its user base into new markets, becoming a one-stop-shop for enterprises seeking solutions to facilitate online transactions and prevent fraud.
• Accelerate Signicat’s growth through international expansion.
• Strengthen the company’s position as the leading provider of verified digital identity solutions.
• Scaling into new verticals and products, entering new geographical markets and navigate mergers and acquisitions.

Highlights & Update

• Since Nordic Capital's acquisition in 2019, Signicat has achieved strong organic growth, expanding its customer base to over 45 markets.
• Significant investments made in human resources and product development have enhanced the company’s capabilities and offerings.
• Signicat has expanded its European footprint through seven strategic acquisitions, strengthening its proprietary technology, customer base, and market expertise. These acquisitions include:   
  • Idfy was acquired in 2019 to strengthen presence in the Nordics.  
  • The digital identity specialist Connectis acquired in 2020, to create the most comprehensive digital identity platform in the European market.
  • Encap Security acquired in 2021 to strengthen Benelux presence.  
  • Spanish Electronic Identification was acquired in 2021 to expand with its proprietary ID verification technology and enhance its leadership position in Southern Europe.
  • Acquisition of the UK-based Trust Orchestration provider Sphonic in April 2022, increasing Signicat's ability to protect customers against fraud, financial crime, and money laundering.
  • Smartworks acquired in 2024 to strengthen presence in Iceland.