ReadID
ReadID provides NFC-based identity verification software that reads secure chips in passports, ID cards, and residence permits via smartphone. It serves banks, governments, and digital identity providers across 180+ countries through SDK/API and ready-to-use app products, now part of Signicat.
- Company typePrivate
- Founded-
- HeadquartersEnschede, Netherlands
- Headcount—
- GTM typeB2B
- OfferingSoftware
What ReadID does
ReadID is the NFC-based identity verification product developed by Inverid B.V. (Enschede, Netherlands) and now operated as part of Signicat's identity proofing portfolio following Signicat's 2024 acquisition of Inverid. The product reads the secure chips embedded in electronic passports, ID cards, and residence permits to cryptographically verify document authenticity in seconds via a smartphone tap, with optional biometric liveness detection and face matching, MRZ scanning to unlock the chip, and an optical fallback for non-chipped documents. The technology is built on data from millions of transactions across 2,700+ smartphone models and supports all 180+ ePassport-issuing countries, reporting a 96% conversion rate and a 0% false acceptance rate.
The product is offered in three deployment variants: ReadID SaaS (SDK/API integration into customer mobile apps for iOS, Android, and web with full branding control), ReadID Ready (a ready-to-use verification app for web flows), and ReadID Me (a consumer-facing identity verification application). The company monetizes primarily through recurring enterprise subscriptions with quote-based pricing for high-volume customers, alongside a free developer account that supports a developer-first, API-first go-to-market layered with enterprise field sales into regulated industries. Target customers are financial institutions (KYC/AML compliance, onboarding, fraud prevention) and government agencies (digital services, border control, citizen verification), with additional expansion into travel/mobility, gaming age verification, and EU digital identity wallet onboarding.
The founding leadership team — Maarten Wegdam (CEO & Co-Founder), Wil Janssen (Co-Founder/CMO), and Martijn Oostdijk (Chief Scientist) — joined Signicat's leadership following the acquisition, alongside customer success functions led by Anusha Jathanna. Notable customers include UK Home Office, Rabobank, ING, ASB Bank, the Danish Digitalisation Agency, Digidentity (which scaled to 120,000 verifications per day during COVID), Stø, and itsme, anchoring the platform in tier-1 European banking and government workflows.
ReadID firmographics
Firmographics- Name
- ReadID
- Legal name
- Inverid B.V.
- Website
- https://readid.com
- Company type
- Private
- Operating status
- Operating
- Short description
- ReadID provides NFC-based identity verification software that reads secure chips in passports, ID cards, and residence permits via smartphone. It serves banks, governments, and digital identity providers across 180+ countries through SDK/API and ready-to-use app products, now part of Signicat.
- Ownership category
- akta.pro rank
ReadID industry classification
Industry- Product category
- Identity Verification Software
- NAICS
- Investigation and Personal Background Check Services (561611)
- akta.pro primary industry
- Decentralized Identity (DID) & Verifiable Credentials (BPAMAEAJ)
- akta.pro secondary industry
- Card Readers & Authentication Tokens (Smart Card, NFC, OTP Keys) (HDACAFAK)
Keywords
Where ReadID is headquartered
LocationHeadquarters
- HQ city
- Enschede
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
ReadID business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- ReadID SaaS (SDK/API): Identity verification functionality integrated directly into customer mobile apps via SDK and API. Organizations with their own mobile apps can integrate NFC identity verification with full control over branding and user experience.
- ReadID Ready (Ready-to-use App): Pre-built verification app that enables secure NFC passport scanning instantly. Ideal for online use cases without requiring a customer's own mobile app.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Pay-as-you-go | Free Developer Account |
| Subscription | Annual | Enterprise Plans |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
ReadID product offering
Product offeringCore offering
ReadID provides mobile identity verification software that uses NFC technology to read and verify the secure chips in electronic passports, ID cards, and residence permits. The product is offered as an SDK/API for integration into customer mobile apps (ReadID SaaS) and as a ready-to-use verification app (ReadID Ready), with optional biometric liveness detection and face matching for higher assurance.
Product overview
ReadID is an NFC-based identity verification technology that forms part of Signicat's identity proofing portfolio. The ReadID family includes the core ReadID product, ReadID SaaS (for SDK/API integration into custom mobile apps), ReadID Ready (ready-to-use verification app for organisations without their own app), and ReadID Me (consumer-facing app). These products enable verification of electronic passports, ID cards, and residence permits through smartphone NFC chips, with optional biometric liveness detection and face matching capabilities.
Differentiator
Problem solved
Functional benefit
Brands
- ReadID SaaS: SDK and API integration for organizations with their own mobile app wanting full control over branding and user experience.
- ReadID Ready
- ReadID Me
Products and services
- ReadID Core NFC identity verification technology that reads secure chips in electronic passports, ID cards, and residence permits by holding the document against a smartphone for seconds to confirm authenticity. Used by governments, banks, and large organizations for remote and in-person identity verification.
- ReadID SaaS SDK and API offering that lets organizations embed NFC identity verification directly into their own iOS, Android, and web apps, retaining full control over branding and user experience.
- ReadID Ready Pre-built verification app for web flows that enables secure NFC passport scanning instantly for online use cases, configurable and quick to deploy without requiring customer-built mobile apps.
- ReadID Me Consumer-facing identity verification application enabling individuals to verify their identity documents using smartphone NFC technology.
Quantifiable outcome
- 96% conversion rate for identity verification
- +3 more outcomes
Companies that use ReadID
Customer profileNamed customers8 records
Segments5 records
Ideal customer profiles3 records
ReadID technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
ReadID partnerships and signals
Strategic signalScale indicators6 records
Recent moves5 records
Expansion highlights6 records
ReadID competitors and assessment
Company assessmentMarket position
Competitive moat5 records
Key highlights6 records
Customer concentration
ReadID social profiles
Digital presenceReadID financial estimates
Financial estimateRevenue estimate
Valuation estimate
ReadID leadership team
Management profileNumber of profiles
Profiles4 records
ReadID funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ReadID 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 ReadID
What does ReadID do?
ReadID provides mobile identity verification software that uses NFC technology to read and verify the secure chips in electronic passports, ID cards, and residence permits. The product is offered as an SDK/API for integration into customer mobile apps (ReadID SaaS) and as a ready-to-use verification app (ReadID Ready), with optional biometric liveness detection and face matching for higher assurance.
Is ReadID a public or private company?
ReadID is a private company. It is classified as corporate owned and is currently operating.
When was ReadID founded?
ReadID was founded in -1.
Where is ReadID based?
ReadID is headquartered in Enschede, Netherlands, in the Europe region.
How does ReadID make money?
Two revenue lines are on record. ReadID SaaS (SDK/API) is the primary driver. The others are readID Ready (Ready-to-use App).
Does ReadID have an API?
Yes. ReadID SaaS provides APIs and SDKs for iOS, Android, and web platforms, enabling organisations to integrate NFC identity verification functionality directly into their mobile applications. The developer toolkit includes a Software Development Kit (SDK) and an Application Programming Interface (API) for integration. Developer documentation is at developer.signicat.com/docs.
What industry is ReadID in?
ReadID's product category is Identity Verification Software. Its primary akta.pro industry code is BPAMAEAJ, Decentralized Identity (DID) & Verifiable Credentials, with a secondary code of HDACAFAK, Card Readers & Authentication Tokens (Smart Card, NFC, OTP Keys). Its NAICS code is 561611.