IDnow, an identity verification platform based in Munich, has been acquired by the New York private equity firm Corsair Capital for $295 million. This acquisition grants Corsair a 96% stake in IDnow, which they first invested in back in 2019. The deal aims to enhance IDnow's growth trajectory, allowing the company to better establish itself in European markets through expanded service offerings and potential acquisitions. Corsair's partnership with IDnow is set to deepen, providing critical support for innovation and strategic expansion.
With this acquisition by Corsair Capital, IDnow aims to enhance its identity verification platform, leveraging additional resources to solidify its position in European markets.
Corsair is optimistic about its deeper partnership with IDnow's management, focusing on supporting the company’s growth through innovation and strategic acquisitions.
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