The German technology company Nect has introduced the first fully automated, AI-powered digital identity verification solution that requires no human interaction. By setting new standards in security and user experience, Nect is reshaping the industry. With the financing from Round2 Capital, the company can now strengthen its leading market position in the EU and drive global expansion.
Founded in 2017, Nect quickly gained recognition for its identity verification technology, supported by early government funding and seed investments. By 2020, Nect had significantly scaled its services and played a key role in important projects such as COVID-19 relief efforts. In 2021, Nect’s automated ID procedure was certified as the first AI-based solution offering the same level of trust as a physical identity check, in accordance with the EU eIDAS Regulation and German requirements from the Federal Network Agency (Bundesnetzagentur) and the Federal Office for Information Security (BSI).
Since then, Nect has been on a strong growth path, further developing Nect Ident into a multi-method ID verification and launching new products such as the Nect Wallet and Nect Sign, a Qualified Electronic Signature (QES) solution. These solutions have been successfully introduced in various industries such as banking, insurance, telecommunications, and public authorities. In recognition of its growth, Nect was recognized by Deloitte as one of Germany’s fastest-growing companies in 2023 and 2024.
The global market for digital identity verification is growing strongly, as companies and governments increasingly seek secure, user-friendly, and scalable solutions for online interactions. With evolving regulations and increasing demand for remote services, Nect is well-positioned to benefit from this trend. Thanks to its innovative technology, a strong customer base, and an already operationally profitable business model, the company is ideally positioned to take a leading role in this growing market and further expand its presence.
Revenue-based financing, with its flexible repayment structure, is ideally suited to Nect’s business model. This non-dilutive form of financing allows shareholders to retain full control over the company while leveraging new growth opportunities. This provides Nect with the financial flexibility to scale its operations, further develop product offerings, and expand into new markets – without having to give up equity.
Benny Bennet Jürgens, CEO of Nect, comments:
“We have built our base of 12 million users on a central principle: we develop the best solutions for the user and invent the security technology to enable them. With the support of Round2 Capital, we look forward to expanding into new markets, driving innovation, and leading the industry into a new era.”
Stefan Nagel, Managing Partner at Round2 Capital, adds:
“Nect’s market leadership in digital identity is a testament to its innovative strength and adaptability. We are proud to support its continued growth and look forward to seeing its solutions become the global benchmark for the future of digital identity verification.”
