Svipe AB

What Svipe AB does

Svipe AB is a Swedish identity-technology company founded in 2019 and headquartered in Täby/Stockholm that provides cryptographic identity verification built on the NFC chips embedded in biometric passports, national ID cards, and residence cards. The Svipe iD mobile app (iOS and Android) reads chip data, verifies the issuing country's digital signature against certificates from 100+ authorities, performs optional AI-based face liveness detection, and stores verified credentials in an encrypted on-device vault; the platform supports identity documents from 140+ countries, covering an addressable base of 1 billion+ biometric passports. The backend is entirely built on the OpenID Connect (OIDC) standard, exposing Svipe's capabilities through a free developer portal and documented integrations with WordPress, Nextcloud, Matrix, Mattermost, and Keycloak, with privacy-by-design architecture ensuring no personal data is retained on Svipe servers.

The product suite centers on the Svipe iD app, the developer portal, an identity wallet for third-party certified claims (e.g., medical certificates, access authorizations), a credential reverification feature for step-up authentication, and — as of March 2023 — W3C-compliant Verifiable Credentials issuance. Revenue is generated primarily through enterprise licensing and public-sector subscriptions (e.g., the Sunet/eduID contract with a maximum scope of SEK 8M over two years), complemented by partner/channel distribution via the Ubisecure IAM partnership in the Nordics and the Knowingme ID joint venture with SMS Speedway for the UK and Europe, while the end-user and developer tiers are free. Customer segments span privacy-conscious enterprises, financial institutions requiring KYC/AML compliance, government agencies, educational and research organizations, and developers integrating OIDC-based identity verification into SaaS and open-source applications.

Name

Svipe AB

Legal name

Svipe AB

Website

https://svipe.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Svipe AB is a Swedish IdTech company that provides cryptographic identity verification via NFC reading of biometric passports and national IDs from 140+ countries, serving privacy-conscious enterprises, financial institutions, government, and educational organizations through OIDC-based APIs and the Svipe iD mobile app.

Ownership category

akta.pro rank

Product category

Digital Identity Verification

NAICS

Security Systems Services (except Locksmiths) (561621), Credit Bureaus (561450)

SIC

Services-Detective, Guard & Armored Car Services (7381)

akta.pro primary industry

Identity Verification & Proofing (IDV, KYC, Biometrics) (HDADAAAF)

akta.pro secondary industry

Decentralized Identity (DID) & Verifiable Credentials (BPAMAEAJ)

Keywords

• Digital identity verification
• Biometric authentication
• Verifiable credentials
• Identity wallet
• EKYC platform

Headquarters

HQ city

Stockholm

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Developer/ Self-serve Access: Free tier for developers to access the platform, create OIDC credentials, and try demos. This serves as a lead generation mechanism for paid enterprise adoption.
2. Enterprise Licensing: B2B licensing of the identity verification platform to enterprises and organizations requiring secure identity verification for KYC, employee verification, or customer onboarding.
3. Public Sector Contracts: Government and public sector contracts such as the Sunet/eduID agreement with maximum scope of SEK 8 million over 2 years, demonstrating enterprise-level contract revenue.
4. Identity Wallet Services: Svipe iD can act as an identity wallet for third-party credentials, potentially enabling credential provider partnerships and associated fees.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels6 records

Core offering

Svipe provides a cryptographic identity verification platform that reads NFC chips in biometric passports, national IDs, and residence cards from 140+ countries, verifies the digital signatures of issuing authorities, and issues W3C-compliant verifiable credentials through an OpenID Connect (OIDC) backend. The platform is delivered via the Svipe iD mobile app for end users and a self-serve developer portal plus enterprise licensing for organizations needing KYC, customer onboarding, employee verification, and passwordless or step-up authentication.

Product overview

Svipe AB offers a unified identity verification platform centered on the Svipe iD mobile app and OIDC-based backend. The platform enables cryptographic identity verification for biometric passports, national IDs, and residence cards from 140+ countries using NFC chip reading. The Svipe iD App serves as the core consumer-facing product for identity verification and biometric authentication, while the Developer Portal provides OIDC credentials and documentation for integrating partners. Additional capabilities include the Identity Wallet feature for storing and sharing third-party certified claims, and W3C-compliant Verifiable Credentials support. All products are built on established standards including ICAO Doc 9303, OpenID Connect, and X.509 Public-key Cryptography.

Differentiator

Problem solved

Functional benefit

Brands

• Svipe iD: The company's flagship app-based identity verification platform that allows users to verify identity documents cryptographically using NFC technology and provide secure logins via OpenID Connect.

Products and services

• Svipe iD App Mobile application available on iOS and Android that enables end users to verify their identity by scanning biometric passports, national IDs, and residence cards via NFC. Reads chip data, cryptographically verifies document authenticity against issuing authorities, performs optional biometric face verification with liveness detection, and stores verified credentials in an encrypted vault on the user's device.
• Developer Portal Self-serve developer portal providing OIDC credentials for applications, demos, sample integration documentation, and developer guides. Allows developers to configure sample OIDC applications, try identity verification demos, and access integration documentation for WordPress, Matrix, Nextcloud, Mattermost, and Keycloak.
• Identity Wallet Capability within Svipe iD that acts as an identity wallet for third-party credentials and certified claims such as medical certificates or access authorizations, allowing users to retrieve credentials from providers, link them to their verified Svipe iD identity, and share them securely with relying parties.

Quantifiable outcome

• Identity verification in under 1 minute
• +3 more outcomes

Named customers3 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability3 records

Feature7 records

Partnerships

Three partnerships are on record, tiered flagship and core.

• SMS Speedway (Knowingme ID)flagshipStrategic or Co-development Partner · 12 January 2023UK and Swedish firms formed a joint venture called Knowingme ID to provide online identity verification solutions. Svipe provides its biometric identification technology while SMS Speedway contributes secure messaging, RapidID, and customer relationships in banking, financial services, property markets, health services, and education. UK launch planned with European and global expansion to follow.
• UbisecurecoreTechnology or Integration · 27 May 2022Strategic technology partnership enabling Svipe's identity verification technology to be offered through Ubisecure's Identity and Access Management (IAM) platform to Nordic customers. The combined solution provides end users from 140+ countries a way to identify themselves online using biometric passports and facial recognition, with seamless identity and access management through Ubisecure's platform.
• SunetcoreStrategic or Co-development Partner · 7 February 2022Svipe won a public procurement tender with Sunet (Swedish University Computer Network) for identity document validation service for eduID platform operated by the Swedish Research Council. The agreement enables remote identity verification for students and researchers using ICAO 9303 compliant documents. Contract valid for 2 years with potential 2-year extension, maximum scope SEK 8 million.

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• iProov: iProov specializes in biometric face verification with liveness detection, directly overlapping Svipe's biometric face verification capability and serving similar enterprise and government customers.
• Signicat: Signicat is a Nordic/European digital identity provider offering identity verification, e-signatures, and KYC services, directly competing with Svipe in the same European enterprise market.
• ID.me: ID.me provides identity verification and digital identity wallet services for government, healthcare, and financial services — closely comparable to Svipe's identity verification and wallet offering.
• Veriff: Veriff provides AI-powered identity verification with document and biometric checks, competing with Svipe in KYC, age verification, and customer onboarding across global markets.
• Jumio: Jumio offers identity verification, eKYC, and AML compliance solutions using document scanning and biometric authentication — directly comparable to Svipe's cryptographic ID verification across regulated industries.
• Onfido (Entrust): Onfido provides AI-based identity verification using government-issued ID documents and biometric checks, serving the same KYC, onboarding, and fraud prevention use cases as Svipe across global enterprises and fintechs.

Broad incumbents

• Auth0 (Okta): Auth0 provides authentication and identity-as-a-service platforms with OIDC support — overlapping with Svipe's OIDC-based developer integration and passwordless authentication offerings.
• Okta: Okta is a leading identity and access management platform offering authentication, SSO, and increasingly identity verification — competing with Svipe at the enterprise authentication layer with broader portfolio reach.

Regional players

• Ubisecure: Ubisecure is a Nordic IAM provider that has partnered with Svipe to offer its identity verification capabilities to Nordic customers — a regional peer that both competes and distributes Svipe's technology.

Emerging players

• Persona: Persona offers a flexible identity verification platform with document, biometric, and database checks — overlapping with Svipe's KYC and onboarding use cases but with a focus on configurable workflows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/svipeid

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Svipe AB