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German fintech undergoes rapid expansion since launching in UK

by LLB Finance Reporter
17th Oct 20 10:53 am

A fast growing European identity verification provider is reporting significant UK growth, increasing its headcount to 10 and growing its order intake by 1400% since it launched in London and Manchester less than 12 months ago.

IDnow has made a number of significant hires from within the identity verification sector including Jo Schofield, Director of Customer Excellence, Ana Lucia Salazar, Sales Manager and Razia Ali, Account Manager. The recruitment drive brings IDnow’s UK headcount to 10.

With COVID-19 accelerating the move to digital, IDnow has seen a substantial rise in non-outbound enquiries, with the firm reporting a 249% increase over the past 12 months and order intakes rising by 1400%. This has been a key factor in the expansion of the UK team.

Roger Tyrzyk, Head of Sales UK/I at IDnow said, “In the face of a continuing global pandemic, digital solutions are needed now more than ever before. As a result, we are seeing increasing demand for our products and services as businesses seek ways to deliver a safe and secure online experience for their customers from a trusted partner.

“We see the UK as a key market for achieving our overall global expansion plans, and as such, are investing heavily in our people, products and services. This growth and investment has enabled us to recruit some of the most knowledgeable and creative minds in the industry, which is testament to the value we see in our UK presence. Our 10-strong team will enable us to deliver our ambitious plans to become a leading identity verification player, both here in the UK and worldwide.”

Demand for secure verification in online financial transactions has grown significantly in response to rising levels of online financial crime, accelerated by COVID-19 restrictions. Headquartered in Munich, Germany, IDnow’s unique hybrid approach to identity verification, which combines AI-based technology with human identity experts, operates at the strictest and most secure levels – BaFin. This continues to drive demand for its products as firms seek unmanipulable solutions in the fight to protect customers’ digital identities and combat fraud.

IDnow has locations around the world, including Canary Wharf in London and most recently, it has established a presence in Manchester.

Its commitment to Britain is further supported by its recent confirmation that it is becoming a UK limited company. “Following continued growth and investment in the UK, becoming a Limited company was the natural next step for IDnow and reaffirms our commitment to the country,” concluded Roger.

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