Stockholm-based Verified, a B2B SaaS company offering Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance solutions, announced on Thursday, May 11, that it has acquired Pliance, an AML automation platform.
This deal comes after Verified’s recent announcement of a €31M investment from Verdane and its acquisition of Assently, a digital identity verification company.
Verdane is a growth investment firm that partners with tech and sustainable European companies to help them reach the next stage of international growth. The firm has over €4.5B in total commitments and has backed over 150 businesses since 2003.
Nils Vold, Partner at Verdane, says, “Our research shows that the KYC and AML software market in Europe is expected to grow by +17 per cent CAGR and be worth around €4B by 2027. Verified is in a unique position to capitalise on that opportunity.”