Inverid
Inverid (formerly InnoValor) provides NFC-based identity verification technology (ReadID) that reads secure chips in electronic passports and ID cards. Acquired by Signicat in July 2025, it serves financial institutions, governments, and border authorities across 180 countries.
- Company typePrivate
- Founded2013
- HeadquartersEnschede, Netherlands
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Inverid does
Inverid (formerly InnoValor) is a Dutch identity-verification technology provider founded in 2013 and headquartered in Enschede, Netherlands. The company built its business around ReadID, a proprietary NFC-based identity verification technology that reads the secure cryptographic chip embedded in electronic passports, ID cards, and residence permits to instantly confirm document authenticity. Coverage extends to 180 countries and regions, and the platform has demonstrated 100% detection of fake or altered IDs through cryptographic verification, with a 96% conversion rate during identity verification flows. The technology was scaled to handle 120,000 digital onboarding identity verifications per day during the COVID period and is supported across more than 2,700 smartphone models, reflecting a deep empirical base of device-level compatibility.
Inverid serves a horizontal customer base spanning financial institutions (KYC/AML compliance, account opening, account recovery), government and border-control authorities, and any organization requiring digital identity verification for remote or in-person onboarding. Following the July 2025 acquisition by Signicat, a Nordic-backed European digital identity platform, Inverid operates as a wholly-owned subsidiary with ReadID integrated into Signicat's identity proofing portfolio. The product is now delivered in two formats: ReadID SaaS (mobile SDKs and APIs for iOS, Android, and web for enterprises with native apps) and ReadID Ready (a turnkey verification app for organizations without development resources).
Strategically, Inverid is positioned at the intersection of two regulatory tailwinds: tightening European KYC/AML requirements for financial services, and the EU's Entry/Exit System (EES) border modernization program. The company partnered with iProov and Frontex to develop the Travel to Europe app for EES biometric pre-registration, deployed first by Sweden and subsequently by Portugal (the second country to adopt) with over 300,000 movements recorded. Main Capital, the prior majority shareholder, exited via the Signicat sale. Co-founders Maarten Wegdam (CEO) and Wil Janssen (CRO) led the company through the transaction.
Inverid firmographics
Firmographics- Name
- Inverid
- Website
- https://inverid.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Acquired
- Headcount range
- 11–50 employees
- Short description
- Inverid (formerly InnoValor) provides NFC-based identity verification technology (ReadID) that reads secure chips in electronic passports and ID cards. Acquired by Signicat in July 2025, it serves financial institutions, governments, and border authorities across 180 countries.
- Ownership category
- akta.pro rank
Inverid industry classification
Industry- Product category
- Identity Verification Software
- NAICS
- Investigation and Personal Background Check Services (561611)
- akta.pro primary industry
- Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)
- akta.pro secondary industries
- Identity Verification (IDV) & Document Verification (FSAMALAE), Decentralized Identity (DID) & Verifiable Credentials (BPAMAEAJ), Device Identity & Certificate-Based Authentication (PKI) (BPAMAEAL)
Keywords
Where Inverid is headquartered
LocationHeadquarters
- HQ city
- Enschede
- HQ country
- Netherlands
- HQ region
- Europe
Markets served
Inverid business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Distribution channels2 records
Marketing channels3 records
Inverid product offering
Product offeringCore offering
Inverid develops ReadID, an NFC-based identity verification technology that reads the secure chip in electronic passports, ID cards, and residence permits using a smartphone. The technology cryptographically verifies the authenticity of government-issued identity documents, enabling instant confirmation that an ID is genuine and unaltered for use cases spanning KYC/AML compliance, digital account opening and recovery, and biometric border control.
Product overview
Inverid was a Dutch NFC-based identity verification technology provider focused on ReadID technology. The company specialized in enabling secure identity verification both remotely and face-to-face by using NFC to read and verify the cryptographic data in electronic identity documents. Inverid was acquired by Signicat in July 2025, integrating ReadID into Signicat's digital identity platform. ReadID is now offered as part of Signicat's identity proofing product portfolio, available as ReadID SaaS (SDK/API integration) and ReadID Ready (ready-to-use verification app). The technology supports use cases including KYC/AML compliance, app and account activation, account recovery, and border/travel verification.
Differentiator
Problem solved
Functional benefit
Brands
- ReadID: NFC-based identity verification technology that uses Near Field Communication to read secure chips in electronic passports, ID cards, and residence permits for identity verification.
Products and services
- ReadID NFC-based identity verification technology that uses a smartphone to read the secure chip in electronic passports, ID cards, and residence permits and instantly confirm whether an ID document is genuine and unaltered by verifying cryptographically signed data. Used by financial institutions, border control authorities, and organizations needing KYC/AML-compliant digital identity verification.
- ReadID SaaS Mobile SDKs and APIs for iOS, Android, and web that enable organizations with their own mobile apps to integrate ReadID NFC identity verification directly into their digital onboarding flows.
- ReadID Ready Ready-to-use verification app for organizations without their own mobile app that enables quick-to-deploy NFC identity verification for online use cases via a web flow.
- Travel to Europe App Biometric EES border control pre-registration application co-developed by Inverid with iProov for Frontex, enabling third-country travelers to complete secure identity pre-registration ahead of arrival at EU borders.
Quantifiable outcome
- 96% conversion rate for identity verification process
- +3 more outcomes
Companies that use Inverid
Customer profileSegments3 records
Ideal customer profiles3 records
Inverid technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Inverid partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- FrontexcoreInverid partnered with iProov and Frontex to develop the Travel to Europe app for EU's Entry-Exit System (EES) biometric border control. Portugal became the second country (after Sweden) to adopt this biometric app, which enables third-country travelers to pre-register for EES without increasing airport wait times.
- iProovcoreInverid collaborated with iProov and Frontex on the development of the Travel to Europe app for EES border control, combining NFC verification with biometric authentication technology.
- SignicatcoreSignicat, a European digital identity platform backed by Nordic investors, acquired Inverid from Main Capital and its founders in July 2025. The deal aims to enhance Signicat's identity verification capabilities and reinforce its market leadership in digital identity services, strengthening the company's response to European Identity Wallet developments.
Scale indicators4 records
Recent moves3 records
Expansion highlights5 records
Inverid competitors and assessment
Company assessmentDirect peers
- IDEMIA: Global leader in secure identity solutions, including chip-based e-passport verification and government-issued ID authentication. Most directly comparable to Inverid in cryptographic chip verification for border control and civil identity programs.
- Onfido (Entrust): Cloud-based identity verification platform now part of Entrust, combining document verification with biometric authentication for KYC/AML and onboarding — directly competitive with ReadID in financial services.
- Jumio: Enterprise IDV platform serving global banks and fintechs with document + biometric verification. Competes with ReadID on the same enterprise KYC RFPs, primarily through AI-driven visual checks.
- iProov: Biometric face-verification specialist and Inverid's partner on the Frontex Travel to Europe app. Closely comparable in serving high-assurance government and border control use cases alongside Inverid.
- Veriff: Identity verification platform used by global enterprises for KYC, age verification, and fraud prevention. Competes with ReadID for the same mid-market and enterprise financial services customers.
- Regula: Provider of document authenticity verification hardware and software, with strong government and border-control exposure. Directly comparable to ReadID in document-centric identity verification.
- Au10tix: Identity verification and authentication platform focused on high-volume onboarding for fintech, crypto, and gaming. Competes with ReadID for KYC flows where document verification is paired with biometric liveness.
Broad incumbents
- Thales Digital Identity & Security: Provides e-passport issuance, chip verification, and national identity infrastructure for governments worldwide. A broader incumbent with overlapping NFC chip-reading capability for travel and identity use cases.
- HID Global: Large identity solutions provider spanning physical and digital credentials, including e-passport chip verification and government ID programs. Overlaps with ReadID in chip-based identity verification for travel and government.
Emerging players
- Persona: Unified identity platform for KYC, KYB, and fraud with configurable document and biometric flows. A newer competitor increasingly appearing in the same enterprise RFPs as ReadID.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Inverid social profiles
Digital presenceInverid financial estimates
Financial estimateRevenue estimate
Valuation estimate
Inverid leadership team
Management profileNumber of profiles
Profiles2 records
Inverid funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Inverid 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 Inverid
What does Inverid do?
Inverid develops ReadID, an NFC-based identity verification technology that reads the secure chip in electronic passports, ID cards, and residence permits using a smartphone. The technology cryptographically verifies the authenticity of government-issued identity documents, enabling instant confirmation that an ID is genuine and unaltered for use cases spanning KYC/AML compliance, digital account opening and recovery, and biometric border control.
Is Inverid a public or private company?
Inverid is a private company. It is classified as corporate owned and is currently acquired.
When was Inverid founded?
Inverid was founded in 2013. It employs 11 to 50 people.
Where is Inverid based?
Inverid is headquartered in Enschede, Netherlands, in the Europe region.
Who are Inverid's main competitors?
Direct peers on record are IDEMIA, Onfido (Entrust), Jumio, iProov, Veriff, Regula and Au10tix. Broad incumbents are Thales Digital Identity & Security and HID Global. Persona is listed as an emerging player.
Does Inverid have an API?
Yes. Signicat offers Mobile SDKs and APIs for iOS, Android, and web to integrate NFC identity verification (ReadID) functionality directly into mobile apps. The developer toolkit includes an SDK and API for organizations wanting full control over branding and user experience. ReadID SaaS provides direct integration capabilities for developers. Developer documentation is at developer.signicat.com/docs.
What industry is Inverid in?
Inverid's product category is Identity Verification Software. Its primary akta.pro industry code is BPAMAEAE, Authentication (MFA/Passwordless/Biometrics) Platforms, with a secondary code of FSAMALAE, Identity Verification (IDV) & Document Verification. Its NAICS code is 561611.