Smart-ID

What Smart-ID does

Smart-ID is a digital identity authentication and electronic signature platform developed and operated by SK ID Solutions AS, a privately held Estonian company. The product is a mobile application that uses Public Key Infrastructure (PKI) cryptography with cryptographic key splitting between device and server, combined with PIN-based two-factor authentication (PIN1 for login, PIN2 for signing). The platform has held EU eIDAS certification as a Qualified Signature Creation Device (QSCD) since 2018, giving signatures created through Smart-ID the same legal standing as handwritten signatures across the European Union. The product portfolio includes the core Smart-ID app, Smart-ID Basic (limited internet-banking-only tier), and Smart-ID+ (enhanced version with QR-code login and stronger fraud protection).

The platform serves both individual consumers and enterprise e-service providers across six countries: Estonia, Latvia, and Lithuania as core markets, plus Belgium, Iceland (under the brand 'Audkenni'), and India (under the brand 'Jio SecureID'). As of 2026, Smart-ID has 3.89 million registered users (543,906 in Estonia, 981,192 in Latvia, 1,360,640 in Lithuania) and is integrated with over 700 e-services. The customer base spans banks (LHV, Citadele, LKU credit unions), telecommunications (LMT), healthcare (Medicinos namai, Foxus/SoftDent), energy (Eesti Energia), retail (Neste), and other verticals, with documented usage rates reaching 50–75% of customer bases in specific implementations.

The business model is B2B transaction-fee-based on the enterprise side (SK ID Solutions charges e-service providers for authentication and signing services, likely per-transaction or subscription) combined with a freemium model for end users, who download and register the app at no cost. Distribution occurs through three major app stores (Apple App Store, Google Play, Huawei AppGallery) and through bank branch registration channels (SEB, Swedbank, Luminor). Strategic technology integrations include Adobe Acrobat Sign, Dokobit, DigiDoc4, and RIA DigiDoc for document signing workflows. No revenue figures, funding history, or ownership details are publicly disclosed; the company has shown no signs of external institutional investment based on available evidence.

Name

Smart-ID

Legal name

SK ID Solutions AS

Website

https://smart-id.com

Company type

Private

Founded year

2017

Operating status

Operating

Short description

Smart-ID is a mobile-based digital identity authentication and qualified electronic signature platform, operated by SK ID Solutions AS, serving 3.89M+ users and 700+ e-services across the Baltic states, Belgium, Iceland, and India with EU eIDAS QSCD certification.

Ownership category

akta.pro rank

Product category

Digital Identity Authentication

SIC

Services-Services, Nec (8900)

akta.pro primary industry

Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE)

akta.pro secondary industry

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

Keywords

• Digital identity authentication
• Electronic signature platform
• Qualified e-signature
• Mobile authentication app
• EIDAS identity verification

Headquarters

HQ city

Kaunas

HQ country

Lithuania

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. B2B Authentication & Signing Services: SK ID Solutions provides Smart-ID services to e-service providers (banks, government, healthcare, etc.) who integrate authentication and signing capabilities into their platforms. Revenue generated from service provider agreements, likely per-transaction or subscription based.
2. End User Services: Free for individual end users to download and use. Banks may charge fees for assisted registration through bank branches per their published fee schedules.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Core offering

Smart-ID is a mobile-based digital identity authentication and qualified electronic signature platform operated by SK ID Solutions AS. The solution enables end users to securely log into e-services and digitally sign documents with EU-wide legal equivalence to handwritten signatures via a free PIN-based mobile app, while e-service providers integrate authentication and signing capabilities into their platforms through APIs and SDKs.

Product overview

Smart-ID is a unified digital identity platform developed by SK ID Solutions that provides secure electronic authentication and qualified digital signatures. The product portfolio centers on the Smart-ID mobile application (core product), supplemented by Smart-ID+ with enhanced fraud protection features, Smart-ID Basic for limited banking-only access, and Mobile-ID as a complementary SIM-based authentication option. The platform enables cross-country identity verification across Estonia, Latvia, Lithuania, and Belgium, supporting authentication to over 700 e-services and qualified electronic signatures with the same legal standing as handwritten signatures across the EU.

Differentiator

Problem solved

Functional benefit

Brands

• Smart-ID+: Enhanced version of Smart-ID with new flows and stronger fraud protection
• Smart-ID Basic
• Jio SecureID
• Audkenni

Products and services

• Smart-ID (Core) A mobile digital identity authentication and electronic signature solution that lets end users securely log in to e-services and digitally sign documents using a free app with PIN-based two-factor authentication (PIN1/PIN2). It is integrated into 700+ e-services and supports cross-border use across Estonia, Latvia, Lithuania, Belgium, Iceland and India.
• Smart-ID+ An enhanced Smart-ID tier with new authentication flows and stronger fraud protection features, including QR code scanning for secure login, targeted at e-service providers and end users requiring additional protection against phishing and fraud.
• Mobile-ID A SIM-based complementary authentication and digital signing service offered alongside Smart-ID by SK ID Solutions, using SIM-card identity for authentication and qualified electronic signatures.

Quantifiable outcome

• Doubled monthly new users in mobile bank
• +4 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature6 records

Partnerships

Six partnerships are on record, tiered core, strategic and minor.

• SK ID SolutionscoreStrategic or Co-development PartnerSK ID Solutions is the developer and operator of Smart-ID. The company provides the technology infrastructure, regulatory certifications (eIDAS QSCD), API access for e-service providers, and ongoing platform development.
• Adobe Acrobat SigncoreTechnology or IntegrationSmart-ID integration with Adobe Acrobat Sign enables cloud signing capabilities. Users can sign PDF documents using their Smart-ID qualified electronic signature.
• Banks (SEB, Swedbank, Luminor)coreChannel Partner/ Reseller/ DistributorMajor Baltic banks serve as registration channels for Smart-ID. Users can register accounts via bank internet banking systems and bank branches.
• Reliance Jio (India)strategicChannel Partner/ Reseller/ DistributorSmart-ID app launched in India as 'Jio SecureID', enabling Smart-ID technology to reach Indian market through Reliance Jio's distribution.
• Digital Iceland (Iceland)minorChannel Partner/ Reseller/ DistributorSmart-ID app launched in Iceland as 'Audkenni', adapted for Icelandic market needs.
• LVRTC (Latvia)coreStrategic or Co-development PartnerLatvian national digital identity infrastructure partner enabling cross-government service adoption in Latvia.

Scale indicators6 records

Recent moves9 records

Expansion highlights5 records

Others

• Adobe Acrobat Sign: Cloud-based electronic signature platform integrated with Smart-ID for PDF signing. Functions as a complementary technology partner rather than a competitor; included to highlight the e-signature ecosystem in which Smart-ID participates.

Direct peers

• BankID: Sweden's (and increasingly Norway's) dominant mobile and bank-based digital identity platform, used for authentication and signing across public and private services. Closely comparable business model and regulatory posture to Smart-ID.
• iDIN: Dutch bank-issued digital identity service used for authentication and identity verification across Dutch e-service providers. Comparable consumer-facing authentication and signing proposition to Smart-ID.
• Verimi: German pan-industry digital identity platform offering login, identity verification, and e-signature capabilities. Comparable European qualified-identity positioning and partner-led GTM motion.
• itsme: Belgian mobile digital identity app for authentication and qualified e-signatures, backed by major Belgian banks and mobile operators. Directly comparable to Smart-ID as a national mobile eID solution with EU regulatory recognition.
• MitID: Denmark's national digital identity platform (successor to NemID), used by virtually all citizens and public services for authentication. Directly comparable in role and use cases to Smart-ID in the Baltics.
• SwissID: Swiss cross-industry digital identity solution providing login and qualified electronic signatures, backed by major Swiss firms. Functionally analogous to Smart-ID's authentication + QES offering in a European single-language market.

Broad incumbents

• DocuSign: Global leader in electronic signature and agreement workflows, including qualified electronic signatures in EU markets. Overlaps with Smart-ID's signing functionality but at much broader scale and with different primary use cases.
• Onfido: Global identity verification platform focused on KYC, biometric verification, and onboarding for enterprises. Comparable biometric/identity-verification technology but oriented to enterprise onboarding rather than consumer authentication.

Regional players

• Estonian e-ID / e-Residency: State-issued Estonian electronic identity card and e-Residency smart card program for citizens and global digital residents. Direct regional substitute/competitor to Smart-ID for authentication and signing in the Estonian market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• GitHubgithub.com/SK-EID/smart-id-documentation

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Smart-ID