Corsair Capital acquired a majority stake and enables digital identity leader IDnow to enter next stage of growth and innovation
München, 29. April. BayBG has very successfully concluded its investment in IDnow, a leading identity verification platform provider in Europe. BayBG’s stake in the company was sold to Corsair Capital, a specialist investment firm targeting payments, software, and business services investments in the financial services market. BayBG invested in the Munich-based fintech in 2015 and has since supported the dynamic growth of the identity provider.
Founded in 2014, IDnow builds proprietary, AI-powered identity verification technologies that address the cybersecurity and digital verification needs of global enterprises and leading international brands across financial services, telecommunications, travel & mobility, gaming and other industries.
BayBG recognized the potential of the Munich-based fintech early on and has been the first institutional investor to back IDnow. “We have accompanied IDnow’s development since the early days of the company,” explains BayBG Investment Manager Andreas Heubl. “Thanks to an outstanding team, numerous innovations and a clear growth strategy, IDnow has very quickly developed into a sustainably growing industry leader. We wish Andreas Bodczek and the whole IDnow team all the best and every success for the next development steps.”
Corsair Capital, a specialist investment firm targeting payments, software, and business services investments in the financial services market, announced that it will acquire a majority stake in the Company from existing shareholders in March 2025, reinforcing its commitment to fueling IDnow’s continued growth and leadership position within the European identity market, and into other regions globally.
About BayBG Venture Capital
BayBG, based in Munich, is one of the most established long-standing providers of equity capital for SMEs with an invested volume of about €400 million. Venture capital and equity investments in the form of minority shareholdings and mezzanine capital enable companies to implement innovation and growth projects, manage company succession, transformations or optimize their capital structure. BayBG acts as an evergreen fund with a clear commitment to the Bavarian market
www.baybg-vc.de
Media Contact:
Franziska Roederstein
+49 89 122280-174
franziska.roederstein@baybg.de
