Evrotrust
Evrotrust is a Bulgarian eIDAS-qualified trust service provider offering AI-powered identity verification, qualified electronic signatures, timestamping, and eDelivery to banks, telcos, government, and enterprises across 60+ countries.
- Company typePrivate
- Founded2018
- HeadquartersSofia, Bulgaria
- Headcount51–100
- GTM typeB2B and B2C
- OfferingSoftware
What Evrotrust does
Evrotrust is a Bulgarian Qualified Trust Service Provider (QTSP) operating under the EU eIDAS regulation, delivering digital identity verification, qualified electronic signatures (QES), electronic timestamping, qualified electronic delivery, and electronic seals. Founded in 2018 and headquartered in Sofia, the company combines AI-powered biometric verification (NFC/OCR document reading, facial recognition with liveness detection, cross-referencing against official government registries) with legally qualified trust services to enable remote customer onboarding, document signing, and compliant digital workflows. Its eID scheme was recognized by the European Commission and adopted as Bulgaria's official national digital ID program in 2023.
The company serves over 300 enterprise organizations and 1 million+ active mobile users across more than 60 countries, with primary verticals in banking (UniCredit Bulbank, DSK Bank, UBB, ProCredit, Raiffeisenbank, Allianz), telecommunications (A1, Vodafone, Telenor, Yettel), public administration, insurance, and HR operations. Distribution spans direct enterprise sales, a no-code corporate portal, mobile applications (iOS, Android, Huawei App Gallery), and API/SDK integrations embedded into platforms including DocuSign, Zoho Sign, BoldSign, Creatio, and HR systems (sHRedy, HeRMeS eXpress, Aladin, Sb e-File).
Evrotrust operates a multi-stream revenue model combining subscription plans (freemium tier with 3 free QES signatures, paid plans for higher volume), per-transaction usage fees for eID and eDelivery/timestamp services, and enterprise integration fees for API/SDK deployments. Recent strategic focus centers on EUDI Wallet deployment under eIDAS 2.0, geographic expansion into DACH and CEE regions (with Romania as a priority market), and channel expansion through partnerships with Shufti and Syncfusion. The company has raised €12.4M cumulatively across three funding rounds (2023-2025), with the most recent €6.6M round led by 3TS Capital Partners.
Evrotrust firmographics
Firmographics- Name
- Evrotrust
- Legal name
- Evrotrust Technologies
- Website
- https://evrotrust.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Evrotrust is a Bulgarian eIDAS-qualified trust service provider offering AI-powered identity verification, qualified electronic signatures, timestamping, and eDelivery to banks, telcos, government, and enterprises across 60+ countries.
- Ownership category
- akta.pro rank
Evrotrust industry classification
Industry- Product category
- Digital Identity and Trust Services
- NAICS
- Investigation and Personal Background Check Services (561611)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Identity Verification & Digital ID (IDV, eIDAS, biometrics) (FSAGAFAA)
- akta.pro secondary industries
- Verification & Risk Signals (Device Fingerprinting, Behavioral Biometrics) (HDADALAJ), Identity Verification (IDV) & Document Verification (FSAMALAE)
Keywords
Where Evrotrust is headquartered
LocationHeadquarters
- HQ city
- Sofia
- HQ country
- Bulgaria
- HQ region
- Europe
Offices1 record
Markets served
Evrotrust business model
Business model- GTM type
- B2B and B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Qualified Electronic Signature Services: Revenue generated from QES issuance and usage, including subscription plans with free initial tier (3 signatures) and paid plans for higher volume usage
- Electronic Identification (eID) Services: KYC/AML-compliant identity verification services billed per transaction or through enterprise volume pricing agreements
- Enterprise Integration Services: API and SDK integration fees for embedding Evrotrust trust services into third-party platforms and enterprise systems
- eDelivery and eTimestamp Services: Transaction-based revenue from electronic delivery and timestamping services used in document workflows
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Monthly | Free plan with 3 qualified signatures or identifications |
| Subscription | Monthly | Paid subscription plans for higher volume usage |
Go-to-market motion3 records
Distribution channels8 records
Marketing channels7 records
Evrotrust product offering
Product offeringCore offering
Evrotrust operates as an eIDAS Qualified Trust Service Provider (QTSP) delivering remote qualified electronic signatures (QES), electronic identification (eID), electronic timestamping, qualified eDelivery, and document validation services for businesses and consumers. Its platform combines AI-powered biometric verification with NFC/OCR document reading, facial recognition, and liveness detection, exposed via mobile app, REST API, white-label SDK, and a no-code corporate portal. Key beneficiaries are banks, insurers, telecoms, public administrations, and HR teams that need legally valid digital identity and signing across European jurisdictions.
Product overview
Evrotrust is a Qualified Trust Service Provider (QTSP) offering a comprehensive suite of eIDAS-compliant digital identity and electronic signature solutions. The platform provides electronic identification (eID) for KYC/AML-compliant remote customer onboarding, qualified electronic signatures (QES, AES, OTP) for legally binding document signing, eTimestamp for legally valid timestamping, eDelivery as the EU-recognized digital alternative to registered mail, and Validation for free signature/seal verification. Additional trust services include eSeals for document origin certification, long-term Preservation for document validity over extended periods, and Website Authentication via EV SSL. The platform integrates via API, SDK, and corporate portal for businesses across banking, telecom, public administration, and education sectors. Recent expansions include Corporate Sign for high-volume automated signing and Ident Lite for streamlined identity verification.
Differentiator
Problem solved
Functional benefit
Products and services
- Electronic Signature (eSignature / QES, AES, OTP) Remote qualified electronic signature service with same legal validity as handwritten signatures under eIDAS, available via mobile app, web portal, REST API, and white-label SDK for businesses and individuals.
- Electronic Identification (eID) Qualified eIDAS-compliant remote identity verification for customer onboarding and KYC/AML processes, delivering validated personal data signed with a qualified certificate, typically completed in under 2 minutes.
- Ident Lite Streamlined identity verification offering focused on speed, including ID document verification, face recognition with liveness check, and document-to-person matching, without qualified eSignature or OTP signing.
- eTimestamp Qualified electronic timestamping service that binds date and time to data with a hash function, providing legally valid evidence of when information was created, edited, or deleted.
- eDelivery Qualified electronic registered delivery service providing a legally recognized alternative to physical registered mail across Europe, with identity verification of sender and recipient, timestamping, and proof of receipt.
- Validation Service Free online service for verifying the authenticity of electronic signatures, electronic seals, and timestamps embedded in documents.
- eSeal Qualified electronic seal solution for certifying document origin, provenance, and integrity, used to confirm that documents are original, complete, and unique.
- Preservation Long-term preservation service for signed and sealed documents, enabling validity verification over periods exceeding 10 years by periodically refreshing certification-based timestamps and storing them in client infrastructure.
- Website Authentication Trust service that proves ownership of websites and internet resources based on EV SSL-certification, used to identify original websites and resolve ownership conflicts.
- HR Document Management End-to-end HR digitization solution covering the full employee lifecycle (hire to retire), combining remote identity verification, qualified electronic signatures, eDelivery with proof of receipt, timestamping, and audit trails, suitable for cross-border distributed workforces.
- Corporate Sign High-volume automated signing solution for organizations, enabling automated application of qualified electronic signatures and qualified electronic seals on large numbers of documents directly within business systems via API integration.
Quantifiable outcome
- 90% digital adoption and up to 70% reduction in HR document handling costs
- +8 more outcomes
Companies that use Evrotrust
Customer profileNamed customers32 records
Segments8 records
Ideal customer profiles5 records
Evrotrust technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration9 records
AI capability3 records
Feature10 records
Evrotrust partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- ShufticoreStrategic partnership combining Shufti's identity verification and onboarding orchestration with Evrotrust's qualified electronic signatures. Enables businesses to carry verified identity through to legally binding certified signature in one auditable flow. Targets banking, insurance, fintech, and other regulated sectors ahead of EU AML Regulation (July 2027). Partnership expands into DACH region for EUDI Wallet readiness.
- IT Smart SystemsminorCo-hosted debate on European Digital Identity Wallet in Bucharest, Romania alongside Ping Identity, bringing together experts from banking, telecom, retail, and technology sectors.
- Business & Science PolandminorHosted EUDI Wallet conference in Brussels bringing together EU policymakers, industry leaders, and organizations to discuss eIDAS 2.0 framework implementation.
- WEBUILD ConsortiumcoreCore partner in WEBUILD consortium contributing CEE regional expertise to European Digital Identity Wallet development. Chairman Georgi Dimitrov highlighted priorities for practical interoperability, cross-border onboarding, and trust framework for high-volume private-sector integrations.
- Syncfusion (BoldSign)coreIntegration partnership enabling Syncfusion's BoldSign e-signature platform to offer qualified electronic signatures (QES) across EU member states. BoldSign customers can apply Evrotrust QES with single toggle or API call, meeting eIDAS, GDPR, and SOC 2 compliance requirements.
- Konica Minolta BulgariacoreJoint hosting of Digitalization Inside Out: Foundations for Modern Finance event with 60+ attendees from finance sector. Partnership includes co-authored research on business digitalization among finance companies in Bulgaria.
Scale indicators14 records
Recent moves7 records
Expansion highlights4 records
Evrotrust competitors and assessment
Company assessmentEmerging players
- Jumio: Jumio is a global identity verification provider focused on KYC/AML document verification, biometric liveness detection, and onboarding workflows. While it lacks full QTSP qualified trust status, it competes for the same KYC budget at banks and fintechs and could converge toward qualified offerings over time.
- Veriff: Veriff is an identity verification platform with AI-driven document and biometric verification, serving fintech, crypto, and mobility sectors. It competes for KYC budgets that Evrotrust also addresses but operates in the AES/IDV layer rather than the qualified trust layer.
- Onfido: Onfido (now part of Entrust) provides AI-powered identity verification including document OCR and biometric liveness. It overlaps with Evrotrust on the KYC/eIDV portion of the stack but does not typically provide qualified electronic signatures, making it a partial competitor in onboarding rather than signing.
Direct peers
- Signicat: Signicat is a Norwegian Qualified Trust Service Provider offering eIDAS-compliant digital identity, electronic signatures, and identity verification across Europe. It is the closest direct competitor to Evrotrust in the QTSP/eID space, serving banks, insurers, and public sector across Nordics, DACH, and broader EU with a comparable product portfolio.
- itsme: itsme is a Belgian eIDAS-notified digital identity scheme providing qualified electronic identification and signing through mobile app, similar in product offering to Evrotrust. It has strong banking and government adoption in Belgium and competes head-to-head as a national reusable-identity wallet model.
- Shufti: Shufti is an identity verification and onboarding orchestration provider with VideoIdent KYC and AML screening capabilities. It is both a strategic partner and a partial competitor — combining identity verification with QES via Evrotrust — and competes for the same regulated DACH banking/fintech budgets.
Broad incumbents
- DocuSign: DocuSign is the global incumbent in electronic signatures with broad enterprise distribution across Europe. While it primarily offers AES rather than QES, it competes for the same enterprise signature workflow budget that Evrotrust targets, and Evrotrust has a plug-in integration partnership with DocuSign to bridge to QES.
- Thales Digital Identity & Security: Thales DIS provides digital identity, e-signature, and PKI solutions including trust services and identity verification to governments and enterprises globally. It is a broader incumbent that competes at the high-end of QTSP, government eID, and document verification markets where Evrotrust also operates.
- Adobe Acrobat Sign: Adobe Acrobat Sign is a major enterprise e-signature platform competing across EU regulated industries. Like DocuSign, it primarily operates in AES rather than qualified trust services but overlaps heavily on the signature workflow and enterprise contract management use cases where Evrotrust also competes.
Regional players
- BankID (Sweden/Norway): BankID is a national eID scheme in Sweden and Norway providing reusable digital identity for signing and authentication. It represents the mature Nordic model of state/incumbent-bank-backed reusable identity that Evrotrust's Bulgaria-centric model is paralleling, though not directly competing in the same geography.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Evrotrust social profiles
Digital presenceEvrotrust compliance and trust
Trust signalCompliance6 records
Evrotrust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evrotrust leadership team
Management profileNumber of profiles
Profiles8 records
Evrotrust funding detail
Funding detailFunding overview
Funding rounds3 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evrotrust M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evrotrust
What does Evrotrust do?
Evrotrust operates as an eIDAS Qualified Trust Service Provider (QTSP) delivering remote qualified electronic signatures (QES), electronic identification (eID), electronic timestamping, qualified eDelivery, and document validation services for businesses and consumers. Its platform combines AI-powered biometric verification with NFC/OCR document reading, facial recognition, and liveness detection, exposed via mobile app, REST API, white-label SDK, and a no-code corporate portal. Key beneficiaries are banks, insurers, telecoms, public administrations, and HR teams that need legally valid digital identity and signing across European jurisdictions.
Is Evrotrust a public or private company?
Evrotrust is a private company. It is classified as venture growth investor backed and is currently operating.
When was Evrotrust founded?
Evrotrust was founded in 2018. It employs 51 to 100 people.
Where is Evrotrust based?
Evrotrust is headquartered in Sofia, Bulgaria, in the Europe region.
How does Evrotrust make money?
Four revenue lines are on record. Qualified Electronic Signature Services are the primary driver. The others are electronic Identification (eID) Services, enterprise Integration Services and eDelivery and eTimestamp Services.
Who are Evrotrust's main competitors?
Emerging players on record are Jumio, Veriff and Onfido. Direct peers are Signicat, itsme and Shufti. Broad incumbents are DocuSign, Thales Digital Identity & Security and Adobe Acrobat Sign. BankID (Sweden/Norway) is listed as a regional player.
Does Evrotrust have an API?
Yes. Evrotrust offers API integration for seamless connection of the Evrotrust mobile app with business products. The API enables developers to automate identification requests, trigger signing processes, apply qualified electronic signatures (QES) and qualified electronic seals automatically within systems, timestamp documents, and receive identity attestations. API integration supports web and mobile applications for end-to-end digital onboarding and trust services workflows. Developer documentation is at docs.evrotrust.com/docs/overview-1.
What industry is Evrotrust in?
Evrotrust's product category is Digital Identity and Trust Services. Its primary akta.pro industry code is FSAGAFAA, Identity Verification & Digital ID (IDV, eIDAS, biometrics), with a secondary code of HDADALAJ, Verification & Risk Signals (Device Fingerprinting, Behavioral Biometrics). Its NAICS code is 561611 and its SIC code is 7371.