Nect
Nect provides AI-based remote identity verification, qualified electronic signatures, and KYC/KYB compliance for European regulated industries. Founded in 2017 in Hamburg, the eIDAS- and gematik-certified platform serves 130+ enterprise customers across banking, insurance, healthcare, telecommunications, and government.
- Company typePrivate
- Founded2017
- HeadquartersHamburg, Germany
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Nect does
Nect is a Hamburg, Germany-based identity verification and digital signature platform founded in 2017 that serves regulated European industries including banking, insurance, healthcare/telematics, telecommunications, and government. The company provides AI-powered remote identity verification (Nect Ident), qualified electronic signatures (Nect Sign), secure document delivery (Nect Box), and — following the June 2025 acquisition of Acadias — KYC/KYB compliance services for AML-regulated onboarding and entity verification use cases.
The platform's technical foundation rests on patented AI/ML pipelines performing biometric verification, liveness detection, and age verification, with on-device processing via Google ML Kit and multimodal inputs including video, image, audio, and NFC. Nect holds eIDAS certification, gematik approval (reported as the first and only video identification solution with technical security suitability for German health telematics), and BSI-TR 03147 "high trust" status, supported by a portfolio of three patents (two granted, one pending). The platform has reportedly processed verifications for 16 million+ wallet users, with claimed daily additions of approximately 20,000 users.
Nect operates a B2B business model combining per-transaction fees for identity verification and signature services with subscription pricing for its KYC/KYB compliance suite. Distribution combines direct enterprise sales to 130+ customers, a multi-year framework agreement with BITMARCK covering 25 million insured individuals across 80+ German health insurers (2025–2029), state-level integrations such as Schleswig-Holstein's digital portal, and a memorandum of understanding with Germany's BMDS and Bitkom for the EUDI Wallet rollout scheduled for January 2027. Geographic footprint includes Germany, Poland, France, and Spain.
Nect firmographics
Firmographics- Name
- Nect
- Legal name
- Nect GmbH
- Website
- https://nect.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Nect provides AI-based remote identity verification, qualified electronic signatures, and KYC/KYB compliance for European regulated industries. Founded in 2017 in Hamburg, the eIDAS- and gematik-certified platform serves 130+ enterprise customers across banking, insurance, healthcare, telecommunications, and government.
- Ownership category
- akta.pro rank
Nect industry classification
Industry- Product category
- Identity Verification
- NAICS
- Security Systems Services (except Locksmiths) (561621)
- SIC
- Services-Services, Nec (8900)
- akta.pro primary industry
- Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)
- akta.pro secondary industries
- Digital Identity, eKYC & Borrower Verification (Lending-Focused) (FSAGAHAF), Identity Verification (ID, SSN Trace, KYC-lite) (BPACALAD)
Keywords
Where Nect is headquartered
LocationHeadquarters
- HQ city
- Hamburg
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Nect business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- B2B Identity Verification Services: Nect charges enterprise clients (banks, insurers, telecom providers, government agencies) for identity verification services. Clients include regulated entities requiring eIDAS-compliant identification under AML/GwG mandates. Revenue is generated through transaction-based or subscription contracts with partner companies. The company states that users typically do not pay directly; partners pay for verified identity results.
- Qualified Electronic Signature (QES): Nect Sign enables qualified electronic signatures via the Nect Wallet app. Over 13 million wallet users can perform QES with a single selfie. Partners use Nect's signature infrastructure integrated into their own platforms, creating recurring or per-transaction revenue.
- Nect Box - Digital Document Delivery: Nect Box delivers digital documents (e.g., contracts, statements) to users via the Nect Wallet app, replacing physical mail. Businesses pay for the digital delivery service. Pricing reference: up to 70% cheaper than postal mail, creating cost-efficient value for enterprise clients.
- KYC/KYB Compliance Solutions: Following the June 2025 acquisition of Acadias, Nect expanded into automated KYC and KYB (Know Your Customer/Business) verification for AML/GwG compliance. Revenue from onboarding compliance modules integrated into the existing identity verification platform.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
Nect product offering
Product offeringCore offering
Nect provides AI-driven, fully automated online identity verification, qualified electronic signatures (QES), and secure digital document delivery through its Nect Wallet platform. The technology combines biometric face matching, liveness detection, NFC-based eID reading, and document OCR to complete identity verification in approximately 3 minutes via smartphone. The eIDAS-certified platform serves regulated enterprises in banking, insurance, healthcare, telecommunications, government, and gaming, with deep integrations into partner ecosystems reaching 16+ million end users.
Product overview
Nect is a digital identity platform offering a unified ecosystem of identity verification, electronic signature, and secure digital communication products. The core platform, Nect Wallet, serves as the central hub containing verified identity documents and providing access to all services. The product portfolio includes: Nect Ident (AI-powered automated online identification), Nect Sign (qualified electronic signature/QES), Nect Box (digital document delivery), KYC/KYB (anti-money laundering compliance verification), and EUDI Wallet (European Digital Identity standard integration). The platform serves over 16 million users across Germany and is certified as an eIDAS trust service, with gematik approval for healthcare applications. Nect acquired compliance provider Acadias in 2025 to expand its KYB capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- Nect Ident: Fully automated online identification solution using AI and biometrics for secure identity verification
- Nect Sign
- Nect Box
- Nect EUDI Wallet
- Nect Wallet
Products and services
- Nect Wallet Digital identity wallet mobile application serving as a central hub for verified identity documents. Enables secure, fast digital verification, digital contract signing, and digital postal delivery. Contains identity documents from nearly all countries and is reusable after initial verification. Used by individual end-users who access Nect services through their bank, insurer, health insurer, or government.
- Nect Ident Fully automated online identity verification solution using AI and biometrics. Recognizes ID documents automatically and guides users through the identification process in approximately three minutes. Supports video identification, NFC ePass reading, and eID modes. eIDAS-certified and gematik-approved for healthcare use. Sold to enterprise clients in banking, insurance, healthcare, telecom, and government.
- Nect Sign Qualified electronic signature (QES) solution enabling legally compliant digital document signing via the smartphone app. Allows more than 13 million Nect Wallet users to sign documents with a single selfie. Partners use Nect's signature infrastructure integrated into their own platforms.
- Nect Box All-in-one digital customer communication solution for sending documents (PDF or text files) digitally. Handles the complete delivery process including email, mobile number, or QR code onboarding. Marketed as up to 70% cheaper than postal mail. Sold to enterprise clients seeking cost-efficient customer document delivery.
- KYC/KYB Know Your Customer (KYC) and Know Your Business (KYB) verification solutions for anti-money laundering (GwG) compliance. Built on the fully automated Acadias platform acquired in July 2025. Enables enterprise clients to perform automated KYC/KYB checks as part of their compliance workflows.
- EUDI Wallet European Digital Identity Wallet integration enabling compatibility with EU-wide digital identity standards. Allows the existing 16 million Nect Wallet users to transfer their identity to the new EUDI standard.
Quantifiable outcome
- Identity verification completed in approximately 3 minutes per user
- +6 more outcomes
Companies that use Nect
Customer profileNamed customers12 records
Segments7 records
Ideal customer profiles4 records
Nect technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability11 records
Feature6 records
Nect partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship and core.
- GematikflagshipGematik (German National Agency for Digital Medicine) plays a central role in overseeing Germany's healthcare digitization, including the EUDI Wallet implementation for health data access starting January 2027. Nect received gematik approval for Nect Ident with ePass for creating the GesundheitsID, making it the first video identification procedure with proven technical security suitability for the German health telematics infrastructure.
- BitkomflagshipNect signed the Memorandum of Understanding (MoU) for the successful introduction of the European Digital Identity Wallet (EUDI Wallet) in collaboration with the German Federal Ministry for Digital and State Modernisation (BMDS) and Bitkom (Germany's digital association). This is a flagship strategic partnership to drive the adoption of the EUDI Wallet standard across Europe, leveraging Nect's existing 16 million wallet users.
- AcadiascoreNect acquired Acadias, the provider of a fully automated platform for KYC and KYB verifications, to expand its product portfolio with an essential element of AML/GwG compliance verification. The acquisition accelerates Nect's mission to become the largest trust service provider in Europe. The parties agreed to keep the terms confidential. The acquisition was noted in startup news roundups as a significant deal in the European identity/compliance space.
- Schleswig-HolsteincoreThe German state of Schleswig-Holstein expanded its digital service portal by integrating Nect's identification solution as the key technology for secure digital identification and authentication. This connection to the national service account enables citizens to easily access administrative services at any time, particularly outside regular opening hours.
- BITMARCKcoreNect won the eID tender for the BITMARCK community (a major German healthcare IT provider) to provide electronic identification procedures (eID) for 80+ public health insurers covering approximately 25 million insured individuals. The contract runs from 2025 to 2029. BITMARCK bundles all legal requirements for identity and access management (IAM) in its bitIAM product and makes it available to participating insurers. Nect's eID procedure is a core component enabling insured persons to digitally verify their identity for health services in the German telematics infrastructure.
- ELSTER (German Tax Portal)coreNect Wallet enables citizens to register for the German online tax portal 'Mein ELSTER' — Germany's official electronic tax filing system. ELSTER allows citizens efficient and highly secure electronic transmission of all tax data for annual tax returns. Nect's online identification solution enables seamless citizen onboarding without in-person visits.
Scale indicators11 records
Recent moves6 records
Expansion highlights7 records
Nect competitors and assessment
Company assessmentDirect peers
- IDnow: IDnow is a Munich-based direct competitor offering video identification, eSign, KYC, and identity verification for regulated EU industries. It is the closest German rival to Nect with overlapping eIDAS-certified video ident, bank/insurance customers, and EU-wide ambitions including EUDI Wallet.
- Signicat: Signicat is a Norway-headquartered digital identity platform providing eID, eIDAS trust services, KYC, and electronic signatures across the Nordics and broader Europe. It competes head-to-head with Nect in regulated onboarding for banks, insurers, and governments and is one of the few European peers with comparable eIDAS scope.
- WebID Solutions: WebID Solutions is a German provider of video identification, eSign, and KYC services to banks, insurers, and fintechs. It is a direct German competitor in the same GwG-compliant video ident market and overlaps Nect on customer segments and regulatory positioning.
- Veriff: Veriff is an Estonia-founded global identity verification platform serving fintech, mobility, and online gaming with AI-driven document and biometric checks. It is a direct competitor in automated KYC/identity verification and overlaps Nect on age verification, AML compliance, and global enterprise customers.
- Onfido: Onfido (now part of Entrust) is a UK-origin global identity verification provider using AI for document and biometric verification, serving financial services and regulated industries worldwide. It competes directly with Nect in automated IDV and KYC at the international tier.
Broad incumbents
- Jumio: Jumio is a large global identity verification incumbent offering KYC, AML, and biometric authentication across financial services, crypto, and online platforms. It is a broader incumbent competing with Nect for enterprise IDV contracts, especially outside DACH.
- IDEMIA: IDEMIA is a French global leader in identity and biometric solutions for governments, financial institutions, and telecom. It is a broad incumbent with overlapping biometric verification, eID, and digital identity capabilities, particularly relevant in EU government and EUDI contexts.
- ID.me: ID.me is a US-based identity verification network providing KYC, age verification, and government digital wallet functionality. It is a broader incumbent in identity verification with overlapping use cases in age/govt verification but serves primarily the US market.
Others
- Auth0 (Okta): Okta (via Auth0) is a global identity and access management platform handling authentication, MFA, and customer identity for enterprises. It is an adjacent player whose customer identity and authentication capabilities can substitute for parts of Nect's stack at the IAM layer.
Emerging players
- Arvato Financial Solutions: Arvato Financial Solutions (Bertelsmann subsidiary) provides risk management, KYC, and compliance services to European financial services and e-commerce. It is an emerging/regional player offering identity verification as part of a broader financial services BPO portfolio, competing for some of Nect's regulated enterprise customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Nect social profiles
Digital presenceNect compliance and trust
Trust signalCompliance6 records
Nect financial estimates
Financial estimateRevenue estimate
Valuation estimate
Nect leadership team
Management profileNumber of profiles
Profiles3 records
Nect subsidiaries and ownership
Company hierarchySubsidiaries1 record
Nect funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Nect M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Nect
What does Nect do?
Nect provides AI-driven, fully automated online identity verification, qualified electronic signatures (QES), and secure digital document delivery through its Nect Wallet platform. The technology combines biometric face matching, liveness detection, NFC-based eID reading, and document OCR to complete identity verification in approximately 3 minutes via smartphone. The eIDAS-certified platform serves regulated enterprises in banking, insurance, healthcare, telecommunications, government, and gaming, with deep integrations into partner ecosystems reaching 16+ million end users.
Is Nect a public or private company?
Nect is a private company. It is classified as venture growth investor backed and is currently operating.
When was Nect founded?
Nect was founded in 2017. It employs 51 to 100 people.
Where is Nect based?
Nect is headquartered in Hamburg, Germany, in the Europe region.
How does Nect make money?
Four revenue lines are on record. B2B Identity Verification Services are the primary driver. The others are qualified Electronic Signature (QES), nect Box - Digital Document Delivery and KYC/KYB Compliance Solutions.
Who are Nect's main competitors?
Direct peers on record are IDnow, Signicat, WebID Solutions, Veriff and Onfido. Broad incumbents are Jumio, IDEMIA and ID.me. Auth0 (Okta) is listed as an others. Arvato Financial Solutions is listed as an emerging player.
Does Nect have an API?
Yes. Nect provides B2B API integration for partners and customers to embed identification and electronic signature capabilities. The platform enables business partners (insurance companies, banks, telecommunications providers, government agencies) to integrate Nect's identification and signature services into their own systems and processes.
What industry is Nect in?
Nect's product category is Identity Verification. Its primary akta.pro industry code is BPAMAEAE, Authentication (MFA/Passwordless/Biometrics) Platforms, with a secondary code of FSAGAHAF, Digital Identity, eKYC & Borrower Verification (Lending-Focused). Its NAICS code is 561621 and its SIC code is 8900.