Berlin – Schnittker Möllmann Partners (SMP) advised IDnow, a leading provider of identity verification-as-a-service (IVAAS) solutions, on its recent financing round with a total volume of 40 million USD. The newly raised capital was provided by US private equity investor Corsair Capital and will be used to support the continued expansion plans. In addition to opening new locations in London and Paris, the fintech startup also plans to invest in its technology and the development teams. IDnow received comprehensive legal advice from a team led by SMP partner Benjamin Ullrich.

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