Berlin – A YPOG team co-led by Matthias Kresser and Benjamin Ullrich advised IDnow, a leading European provider of identity proofing and digital identities, on raising a new debt facility. The company gets access to fresh capital totaling €60 million, provided by funds under management of BlackRock. The fresh money will be invested in the development of the company's market-leading identity proofing platform. IDnow will use the capital for a series of key strategic initiatives, including the launch of new identity verification solutions, further geographic expansion and upcoming acquisitions.
Founded in Munich in 2014, IDnow offers a comprehensive portfolio of identity verification solutions. The company covers a wide range of business-critical use cases from low to high security levels. ID-now serves more than 900 industry-leading enterprise customers in 195 countries, covering a broad range of industries and has established itself as a technology leader.
IDnow has already relied on YPOG's transaction expertise in its last financing round led by Corsair Capital, as well as its acquisitions of Ariadnext, identity Trust Management and WireCard Services.
Advisors IDnow:
Matthias Kresser (Co-Lead/Banking & Finance ), Associated Partner
Dr. Benjamin Ullrich (Co-Lead/Transactions), Partner
Bilal Tirsi (Banking & Finance), Associate
Nina Ahlert (Transactions), Senior Associate
Dr. Malte Bergmann (Tax, Transactions), Partner
Lukas Schmitt (Tax, Transactions), Associate
Dr. Sebastian Schödel (Corporate), Associated Partner
Dr. Andreas Bergthaller (Corporate), Senior Associate
About IDnow
IDnow is a leading identity proofing platform provider in Europe with a vision to make the connected world a safer place. The IDnow platform offers a broad range of identity verification and document signing solutions combined with a comprehensive service offering. Ranging from automated to human-assisted, from purely online to point-of-sale, the identity proofing methods are optimized to assure the highest security standards with maximum user conversion. In 2021, IDnow acquired the French market leader for identity verification technology, Ariadnext, and the German identity verification provider iden-tity Trust Management AG. Jointly the IDnow group can offer its customers one of the broadest portfo-lios of identity proofing solutions through a single, integrated platform.
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About us
YPOG stands for You + Partners of Gamechangers – forward-thinking legal and tax advice. Supporting companies that are focused on emerging technologies, YPOG embraces change as an opportunity to develop cutting-edge solutions. The YPOG team offers comprehensive expertise in the areas of Funds, Tax, Transactions, Corporate, Banking, Regulatory + Finance, IP/IT/Data Protection, Litigation, and Corporate Crime + Compliance + Investigations. YPOG is one of the leading law firms in Germany for venture capital, private equity, fund structuring, and the implementation of distributed ledger technology (DLT) in financial services. Both the firm and its partners are regularly recognized by renowned national and international publications such as JUVE, Best Lawyers, Chambers and Partners, Leaders League, and Legal 500. YPOG is home to more than 150 experienced attorneys, tax advisors and tax specialists as well as a notary, working across offices in Berlin, Hamburg, Cologne, and Munich.
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