Credenco
Credenco is a Netherlands-based digital identity infrastructure provider offering a Business Wallet platform for issuing, holding, and verifying verifiable credentials under eIDAS 2.0, serving Dutch government bodies, banks, healthcare providers, and logistics operators across Europe.
- Company typePrivate
- Founded-
- HeadquartersBodegraven, Netherlands
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Credenco does
Credenco is a Netherlands-based digital identity infrastructure provider headquartered in Bodegraven, South Holland. The company operates a Business Wallet platform that combines three integrated services — credential issuance, secure credential holding, and real-time verification — into a single standards-based system. Underlying technology is built on European regulatory and standards frameworks including eIDAS 2.0, W3C Verifiable Credentials, OpenID4VC (OID4VCI and OID4VP), GDPR, and the European Blockchain Services Infrastructure (EBSI), with all infrastructure running on 100% European cloud providers for data sovereignty. Credenco also offers a Personal Wallet mobile application enabling individuals to receive, store, and share credentials, alongside the Business Wallet product line targeted at organizations.
The platform serves a diverse set of customers and partners, predominantly in the Netherlands, including government bodies (KVK Chamber of Commerce, Belastingdienst Dutch Tax Authority, VNG Association of Dutch Municipalities, KNB Royal Notary Association), financial associations (Nederlandse Vereniging van Banken, Betaalvereniging Nederland, Tulip Trust Bank, Banqup), logistics operators (Portbase, Secure Logistics at Port of Rotterdam), education institutions (Hogeschool Utrecht), and technology partners (IN Groupe, STACKIT, Digidentity, TNO). Vertical focus spans government and public sector, healthcare, financial services, and supply chain and logistics. The company has achieved DIIP v5 conformance and WE BUILD ITB certification, and participates in the WE BUILD Consortium (350+ participants from 180+ organizations) and FIDES Community.
Business model is SaaS subscription-based, with separate revenue streams tied to the Issuance, Holder, and Verification services. Go-to-market combines direct enterprise sales — Ruben Wonink is the named Business Development contact — with self-serve Business Wallet onboarding for smaller adopters. Pricing is not publicly disclosed. The company operates with a very lean headcount of approximately 6 employees and reports no disclosed funding rounds, revenue figures, or ownership structure, consistent with an early-stage independent private company.
Credenco firmographics
Firmographics- Name
- Credenco
- Legal name
- Credenco
- Website
- https://credenco.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Credenco is a Netherlands-based digital identity infrastructure provider offering a Business Wallet platform for issuing, holding, and verifying verifiable credentials under eIDAS 2.0, serving Dutch government bodies, banks, healthcare providers, and logistics operators across Europe.
- Ownership category
- akta.pro rank
Credenco industry classification
Industry- Product category
- Digital Identity & Verifiable Credentials
- akta.pro primary industry
- Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC)
Keywords
Where Credenco is headquartered
LocationHeadquarters
- HQ city
- Bodegraven
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
Credenco business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Business Wallet Platform Subscription: SaaS platform providing credential issuance, holder, and verification services. Likely subscription-based for organizations using the platform.
- Issuance Service: Configure and issue Verifiable Credentials at scale. Organizations issue employee IDs, compliance certificates, supplier qualifications.
- Holder Service: Secure credential storage and management in privacy-preserving wallet.
- Verification Service: Real-time credential verification for organizations accepting verifiable credentials from any compliant wallet.
Go-to-market motion3 records
Distribution channels4 records
Marketing channels8 records
Credenco product offering
Product offeringCore offering
Credenco provides a Business Wallet platform that lets organisations issue, hold, and verify W3C Verifiable Credentials through three integrated services (Issuance, Holder, Verification), fully compliant with eIDAS 2.0 and built on European infrastructure. The platform replaces paper-based business processes with tamper-proof digital credentials, enabling real-time cryptographic verification, selective disclosure, and reusable credentials across ecosystems. A companion Personal Wallet mobile app enables individuals to receive, store, and share their own personal and professional credentials.
Product overview
Credenco offers a unified Business Wallet platform that combines three integrated services: Issuance Service (for issuing Verifiable Credentials), Holder Service (for storing and managing credentials), and Verification Service (for verifying credentials). Built on European standards with 100% European infrastructure, the platform is fully eIDAS 2.0 compliant and implements W3C Verifiable Credentials, OpenID4VC protocols, and EBSI trust registries. The company also provides a Personal Wallet mobile app for individual credential management.
Differentiator
Problem solved
Functional benefit
Brands
- Business Wallet: A complete credential infrastructure platform that combines Issuance, Holder, and Verification services in one standards-based, privacy-preserving platform.
- Issuance Service
- Holder Service
- Verification Service
- Personal Wallet
Products and services
- Business Wallet Complete credential infrastructure combining Issuance, Holder, and Verification services in one standards-based, privacy-preserving platform. Includes dashboard, workflow management, user management, credential catalogue, HSM integration, multiple trust anchors, e-invoicing, and multi-DID wallet capabilities. Fully eIDAS 2.0 compliant and built on 100% European cloud infrastructure.
- Issuance Service Enables organisations to configure and issue Verifiable Credentials that any verifier can check instantly. Supports employee IDs, compliance certificates, supplier qualifications. Standards-based, tamper-proof, and compatible with any compliant wallet via OpenID4VCI and SD-JWT/mdoc formats.
- Holder Service Provides secure storage and management of Verifiable Credentials in a privacy-preserving wallet. Allows selective disclosure of credentials to verifiers while keeping full control over personal and organisational data.
- Verification Service Enables instant verification of Verifiable Credentials from any compliant wallet. Validates cryptographic signatures and issuer trust automatically without contacting the original issuer, providing real-time results with full audit trail and revocation checks via OID4VP-compatible presentation.
- Personal Wallet Mobile application enabling individuals to receive, store, and share both personal and professional credentials in a single secure app. Available in the Apple App Store as a consumer complement to the Business Wallet platform.
Quantifiable outcome
- Up to 80% reduction in KYB onboarding time
- +4 more outcomes
Companies that use Credenco
Customer profileNamed customers13 records
Segments5 records
Ideal customer profiles5 records
Credenco technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature10 records
Credenco partnerships and signals
Strategic signalPartnerships
13 partnerships are on record, tiered core, flagship and minor.
- WE BUILD ConsortiumcoreOne of Europe's largest cross-border digital identity initiatives with 350+ participants from 180+ organizations. Credenco contributes as a Beneficiary Partner in Work Package 2: Wallet for Business. Collaborative development of European Business Wallet standards and interoperability.
- FIDES LabscoreFIDES Labs logo displayed prominently on Credenco website as part of FIDES ecosystem. Credenco use cases published on FIDES Ecosystem Explorer.
- FIDES CommunitycoreActive participant in FIDES Community ecosystem. Credenco use cases live on FIDES Ecosystem Explorer. Competing for FIDES Community Best Wallet Award 2026.
- KVK (Chamber of Commerce Netherlands)coreIssues company registration credentials to business wallets. Partner in establishing new company use cases where KVK credentials are shared with notaries and banks.
- Belastingdienst (Dutch Tax Authority)coreIssues tax-related credentials (VAT numbers) to business wallets. Partner in company establishment workflows alongside KVK.
- IN GroupeflagshipMajor European digital identity player. Kristian T. Sørensen, Global Ambassador for Digital ID at IN Groupe, is a keynote speaker at Business Wallets in Action 2026. Collaboration on Nordic digital identity initiatives.
- PortbasecoreWorking on verifiable pickup authorizations for Port of Rotterdam as part of WE BUILD consortium. Goal: digital freight clearance to reduce cargo theft and gate delays.
- Secure LogisticscorePartner with Credenco and Portbase on WE BUILD supply chain use case for digital pickup authorizations at ports.
- Nederlandse Vereniging van BankencoreDutch Banking Association partner in digital identity ecosystem for financial services sector.
- Betaalvereniging NederlandcoreDutch Payment Association partner for payment-related digital identity solutions.
- KNB (Royal Notary Association)coreIssues company deed credentials for Dutch BV establishment workflows. Partner in digital notary credential ecosystem.
- VNG (Association of Dutch Municipalities)corePartner for government digital services and municipal credential solutions.
- TruPASS ProjectminorFive-year NWO-funded research initiative strengthening trust in Digital Product Passport ecosystems. Credenco joined official kick-off.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Credenco competitors and assessment
Company assessmentBroad incumbents
- IN Groupe: IN Groupe is a major European digital identity and secure documents provider (formerly Imprimerie Nationale). Listed as a Credenco partner but competes broadly in identity, e-invoicing, and verifiable credentials across EU government markets.
- Auth0 by Okta: Auth0 provides customer identity and access management with credentialing capabilities and is part of Okta's identity platform. Adjacent incumbent that could expand downward into verifiable credential issuance and verification use cases Credenco serves.
- Thales (Digital Identity & Security): Thales operates one of the largest digital identity and security businesses in Europe, including verifiable credentials, eIDAS solutions, and government identity programs. Broad incumbent competing with Credenco for EU government and enterprise contracts.
Regional players
- Verimi: Verimi is a German identity platform offering federated login and identity wallet services. Comparable to Credenco in digital identity infrastructure but focused on the German market rather than Dutch-led EU expansion.
Direct peers
- Indicio: Indicio provides open-source verifiable credential infrastructure with PEX, issuance, and verification services. Directly comparable to Credenco in standards-based digital identity and credentialing technology for enterprises.
- Digidentity: Digidentity is a Dutch digital identity provider offering verified identities and credentialing solutions. Already listed as a Credenco partner, but operates in the same Dutch market with overlapping issuance and verification capabilities.
- MATTR: MATTR builds verifiable data and credential platforms aligned with W3C VC and OpenID4VC standards. Comparable to Credenco in providing issuance and verification infrastructure to governments and enterprises for digital trust workflows.
- Signicat: Signicat is a European digital identity platform offering identity proofing, e-signing, and credentialing services to regulated industries. Comparable to Credenco in serving EU financial services and government clients with trust services, though with a much broader portfolio.
- Dock Labs: Dock Labs provides a verifiable credentials platform with issuance, holder wallet, and verification services built on W3C standards. Directly comparable to Credenco's Business Wallet in core functionality and target customer (enterprises issuing verifiable digital credentials).
- Trinsic: Trinsic offers an identity wallet and verifiable credential infrastructure platform for organizations, including issuance, holder, and verification flows. Directly comparable to Credenco as a SaaS-based credential infrastructure provider targeting enterprise and government use cases.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Credenco social profiles
Digital presenceCredenco compliance and trust
Trust signalCompliance6 records
Credenco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Credenco leadership team
Management profileNumber of profiles
Profiles2 records
Credenco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Credenco 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 Credenco
What does Credenco do?
Credenco provides a Business Wallet platform that lets organisations issue, hold, and verify W3C Verifiable Credentials through three integrated services (Issuance, Holder, Verification), fully compliant with eIDAS 2.0 and built on European infrastructure. The platform replaces paper-based business processes with tamper-proof digital credentials, enabling real-time cryptographic verification, selective disclosure, and reusable credentials across ecosystems. A companion Personal Wallet mobile app enables individuals to receive, store, and share their own personal and professional credentials.
Is Credenco a public or private company?
Credenco is a private company. It is classified as unknown and is currently operating.
When was Credenco founded?
Credenco was founded in -1. It employs 1 to 10 people.
Where is Credenco based?
Credenco is headquartered in Bodegraven, Netherlands, in the Europe region.
How does Credenco make money?
Four revenue lines are on record. Business Wallet Platform Subscription is the primary driver. The others are issuance Service, holder Service and verification Service.
Who are Credenco's main competitors?
Broad incumbents on record are IN Groupe, Auth0 by Okta and Thales (Digital Identity & Security). Verimi is listed as a regional player. Direct peers are Indicio, Digidentity, MATTR, Signicat, Dock Labs and Trinsic.
Does Credenco have an API?
Yes. REST API for integrating issuance, holder, and verification services into existing systems. Supports OpenID4VCI for credential issuance, OID4VP for presentation, and formats including SD-JWT and mdoc. Covers full lifecycle from template configuration to secure delivery and revocation. Developer documentation is at docs.acc.credenco.com.
What industry is Credenco in?
Credenco's product category is Digital Identity & Verifiable Credentials. Its primary akta.pro industry code is BPAMAFAC, Digital Wallet Platforms (Consumer & Merchant).