Corsair Capital Acquires Majority Stake in IDnow
- Corsair CapitalDealroom has a profile for this one. Try Dealroom → acquires majority stake in IDnow , investing $295 million to drive global expansion and acquisitions.
- IDnow, founded in 2014, provides identity verification for finance, telecom, travel, and gaming industries.
- Corsair’s previous $40 million investment in 2019 helped IDnow grow into a pan-European leader.
- Financial fraud is rising, with a 40% increase in fraud-related losses in 2024, pushing banks to strengthen security.
- IDnow’s role is critical, offering advanced identity verification to combat growing fraud threats.
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