ZignSec
ZignSec is a Sweden-based identity verification and KYC/AML compliance platform that offers API and Web UI access to ID/biometric checks, document forensics, eID, sanctions screening, and proof-of-address verification for enterprise customers in financial services, healthcare, telecom, retail, and government. It has been acquired by G2 Risk Solutions.
- Company typePrivate
- Founded2015
- HeadquartersSolna, Sweden
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What ZignSec does
ZignSec is a Sweden-based identity verification (IDV) and KYC/AML compliance platform that enables enterprises to onboard and authenticate end users in real time. Its product suite spans ID and biometric verification (including liveness detection and facial biometrics), proof-of-address document verification using OCR across nine handwritten and 164 printed languages, electronic identification (eID) integrations such as Swedish BankID, PEP and sanctions screening against global watchlists, AI-driven document forensics, identity data verification against governmental and authoritative databases, and email/phone two-factor verification. The platform is delivered via an API-first architecture with optional pre-built Web UI components, and is sold primarily to enterprise customers in financial services, healthcare, telecommunications, retail/e-commerce, and government through a subscription/transaction-based revenue model.
ZignSec monetizes through recurring subscription and per-transaction verification fees, and expanded its revenue base materially with the June 2021 acquisition of UK-based regtech Web Shield for approximately 201 million SEK in cash and shares, adding real-time onboarding and compliance capabilities. The company was founded in 2015, is headquartered in Solna, Sweden, and historically operated as a Stockholm-listed entity (sto:ZIGN). It has since been acquired by US-based G2 Risk Solutions (G2 Web Services, Inc.), with the ZignSec web presence now folded into the G2 Identity Verification Solutions product line. As a result, the brand continues to operate as a product surface within a larger US risk-solutions platform rather than as an independent company.
ZignSec firmographics
Firmographics- Name
- ZignSec
- Legal name
- ZignSec
- Website
- https://zignsec.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- ZignSec is a Sweden-based identity verification and KYC/AML compliance platform that offers API and Web UI access to ID/biometric checks, document forensics, eID, sanctions screening, and proof-of-address verification for enterprise customers in financial services, healthcare, telecom, retail, and government. It has been acquired by G2 Risk Solutions.
- Ownership category
- akta.pro rank
ZignSec industry classification
Industry- Product category
- Identity Verification
- NAICS
- Investigation and Personal Background Check Services (561611), Custom Computer Programming Services (541511)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Fraud Prevention & Identity Verification (IDV/KYC) (BPAMAEAI)
- akta.pro secondary industries
- Data, Evidence & Document Verification (IDV) for KYC (FSAMAMAN), Identity Verification, Proofing & KYC (IDV) (HDAEAJAI)
Keywords
Where ZignSec is headquartered
LocationHeadquarters
- HQ city
- Solna
- HQ country
- Sweden
- HQ region
- Europe
Markets served
ZignSec business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Identity Verification Solutions: Subscription-based identity verification services providing recurring revenue through API and Web UI implementations. Revenue generated from verification transactions and compliance solutions for KYC/AML requirements.
- Enterprise Compliance Solutions: Recurring revenue from enterprise clients requiring ongoing identity verification, sanctions screening, and PEP checks for regulatory compliance.
- Acquisition-Driven Revenue Growth: Revenue diversification through acquisition of Web Shield, adding recurring revenue streams and increasing overall revenue base significantly.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels3 records
ZignSec product offering
Product offeringCore offering
ZignSec is a cloud-based identity verification service provider that enables customers to identify users in real time to comply with KYC/AML regulations. The company delivers an API-first platform that combines ID and biometric verification, proof of address verification, electronic identification (eID) integration, document forensics, and PEP/sanctions screening, with optional pre-built Web UI components for out-of-the-box deployment.
Product overview
ZignSec is an identity verification solutions provider offering a modular platform with multiple integrated products that can be accessed via API or pre-built Web UI. The core offering includes ID and Biometric Verification, Proof of Address Document Verification, Electronic Identification (eID), Identity Data Verification, Email and Phone Verification, PEP and Sanctions Screening, and Document Forensics. These products are designed to work together for full KYC/AML compliance and customer onboarding. The company expanded its portfolio through the 2021 acquisition of Web Shield, a UK-based Regtech specializing in real-time onboarding and compliance.
Differentiator
Problem solved
Functional benefit
Products and services
- ID and Biometric Verification
Quantifiable outcome
- Verify users globally within seconds
Companies that use ZignSec
Customer profileSegments5 records
Ideal customer profiles5 records
ZignSec technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature7 records
ZignSec partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Web ShieldcoreUK-based Regtech company specializing in real-time onboarding and compliance solutions. Acquisition significantly increases ZignSec's revenue and diversifies its business model with recurring revenue streams. Purchase price approximately 201 million SEK including payments in both cash and shares.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
ZignSec competitors and assessment
Company assessmentDirect peers
- Sumsub: Sumsub provides an all-in-one verification platform covering KYC/AML, identity verification, document forensics, and PEP/sanctions screening. Its product breadth and modular API closely mirror ZignSec's multi-product IDV stack.
- Jumio: Jumio provides AI-driven identity verification, eKYC, and AML screening solutions to enterprises globally. Its end-to-end KYC platform directly overlaps ZignSec's API-first IDV and sanctions screening offerings.
- Veriff: Veriff is an identity verification platform offering document verification, biometric authentication, and KYC/AML compliance. As an EU-headquartered competitor with strong European eID support, it is one of the closest direct peers to ZignSec.
- GBG (GBG Group): GBG is a UK-based identity verification and fraud prevention provider offering document verification, eIDV, and AML screening. Its UK headquarters and European focus make it a strong direct peer to ZignSec, especially following ZignSec's Web Shield acquisition.
- Onfido: Onfido is a global identity verification provider offering AI-powered document verification, biometric checks, and KYC/AML compliance via API. It competes directly with ZignSec across BFSI, fintech, and regulated onboarding use cases.
- Persona: Persona provides a configurable identity verification platform with document verification, biometric checks, and KYC/AML workflows. It targets similar enterprise and fintech customers with an API-first, modular approach comparable to ZignSec's.
- Trulioo: Trulioo offers global identity verification, business verification, and AML screening through a single API. Its focus on worldwide coverage and KYC compliance makes it a direct competitor to ZignSec in cross-border onboarding.
Emerging players
- iDenfy: iDenfy is a Lithuania-based identity verification startup offering AI-powered KYC, AML, and biometric verification. As a smaller EU-headquartered IDV vendor, it competes with ZignSec in the European mid-market segment.
Broad incumbents
- LexisNexis Risk Solutions: LexisNexis Risk Solutions offers identity verification, AML, sanctions screening, and fraud prevention as part of a broader data and analytics portfolio. As a large incumbent in regulated identity and compliance workflows, it competes with ZignSec across BFSI and enterprise customers.
- Mitek Systems: Mitek Systems is an established US-based provider of mobile capture, identity verification, and fraud detection technology serving large financial institutions. Its broader portfolio and larger scale position it as a broad incumbent competing with ZignSec in enterprise IDV.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
ZignSec social profiles
Digital presenceZignSec financial estimates
Financial estimateRevenue estimate
Valuation estimate
ZignSec leadership team
Management profileNumber of profiles
Profiles4 records
ZignSec subsidiaries and ownership
Company hierarchySubsidiaries1 record
ZignSec funding detail
Funding detailFunding overview
Funding rounds2 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ZignSec 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 ZignSec
What does ZignSec do?
ZignSec is a cloud-based identity verification service provider that enables customers to identify users in real time to comply with KYC/AML regulations. The company delivers an API-first platform that combines ID and biometric verification, proof of address verification, electronic identification (eID) integration, document forensics, and PEP/sanctions screening, with optional pre-built Web UI components for out-of-the-box deployment.
Is ZignSec a public or private company?
ZignSec is a private company. It is classified as public and is currently operating.
When was ZignSec founded?
ZignSec was founded in 2015. It employs 51 to 100 people.
Where is ZignSec based?
ZignSec is headquartered in Solna, Sweden, in the Europe region.
How does ZignSec make money?
Three revenue lines are on record. Identity Verification Solutions are the primary driver. The others are enterprise Compliance Solutions and acquisition-Driven Revenue Growth.
Who are ZignSec's main competitors?
Direct peers on record are Sumsub, Jumio, Veriff, GBG (GBG Group), Onfido, Persona and Trulioo. iDenfy is listed as an emerging player. Broad incumbents are LexisNexis Risk Solutions and Mitek Systems.
Does ZignSec have an API?
Yes. ZignSec offers an API that allows developers to create custom workflows using ZignSec's complete product range. The API enables tailring the user experience to specific needs and maintains complete control over every aspect of the user journey. Documentation is available at docs.zignsec.com. Developer documentation is at docs.zignsec.com.
What industry is ZignSec in?
ZignSec's product category is Identity Verification. Its primary akta.pro industry code is BPAMAEAI, Fraud Prevention & Identity Verification (IDV/KYC), with a secondary code of FSAMAMAN, Data, Evidence & Document Verification (IDV) for KYC. Its NAICS code is 561611 and its SIC code is 7371.