SignD raised €1 million in funding.

SignD Identity, a Vienna, Austria-based specialist in digital onboarding and KYC, announced that it completed a €1 million ($1.1M) capital funding round.

The money was provided by the company's founders and a number of investors including Fritz Schweiger, Felix Famira, and Toni Moser.

The money will be used for product development and international sales and marketing efforts, as well as growth of the team.

SignD Identity Gmbh, founded in 2019 by Bernhard Reiterer (CEO), developed a software solution sold as a white label for digital onboarding and KYC in banking and insurance companies, brokers, and the telecom and gaming industries.

The tool covers the whole KYC and onboarding process, from personal identification, address validation, to additional checks such as anti-money laundering (AML) or Politically Exposed Persons (PEP). Other services, including Qualified Electronic Signature (QES) will be launched soon. Typical applications include bank account opening, concluding a telephone contract, and registration on a booking or gaming platform. SignD enables proof of identity for over 200 countries and regions based on more than 7000 official documents.