IDNOW (EGFF)

IDnow provides remote secure auto and video identification and electronic signature services. This enables companies to acquire customers and manage transactions faster and easier, while complying with regulations such as Know Your Client (KYC) and Anti-Money Laundering (AML). The investment will primarily support research and development (R&D) activities as well as the international growth of the company.

IDnow is an innovative growth stage company, which plans to scale up its activity by reaching new clients and continuously improving its technology and solutions. The EIB financing will support the company in its R&D investments as well as its international expansion.

The project activities do not fall under the Annexes I or II of the EU Directive 2014/52/EU amending the EIA Directive 2011/92/EU. The project will be carried out in existing facilities, already authorised, that will not change their scope due to the project. As such, the project activities are not subject to a mandatory environmental impact assessment (EIA).

The Promoter is a private company not operating in the utilities sector and not having the status of a contracting entity, and thus is not subject to EU rules on public procurement. Under these conditions, the procurement procedures followed by the Promoter are suitable for the project.