Warsaw-based Authologic, a platform for digital identity verification, announced that it raised $8.2M (nearly €7.57M) in a Series A round of funding. The round was led by European venture capital firm OpenOcean, with participation from YCombinator, Peak Capital, and SMOK VC.
The Polish company specialises in streamlining KYC and AML processes using secure e-ID solutions to combat fraud and ensure compliance.
Tony Nysten, Partner at OpenOcean, says, “For decades, people in the Nordics have used bank e-IDs to sign contracts, purchase items, and even book dentist appointments online. With the Nordics having paved the way in digital identities, we believe Authologic is on the cusp of driving a revolution on a global scale.”
“The demand for secure, efficient and easy-to-use identity verification is universal, and Authologic’s approach is precisely what the market needs. Its vision of building a new, trust-based identity layer on the internet resonates deeply with us, and we are thrilled to support the team as they lead the charge in making this vision a reality. Authologic is reshaping online identity.”
Fixing identity on the internet
Authologic is addressing the growing vulnerabilities in legacy KYC (Know Your Customer) systems that rely on document images for identity verification, as advances in AI make it easier to create fake documents.
These outdated methods are prone to fraud and compliance issues, particularly in industries with strict KYC and AML (Anti-Money Laundering) regulations, such as financial services, gaming, telecoms, and crypto.
The eIDAS 2.0 regulation now requires regulated companies to accept electronic IDs (eIDs) and implement them as valid authentication and two-factor authentication (2FA) methods.
Authologic’s platform simplifies the identity verification process, offering a secure digital experience that reduces manual work, speeds up onboarding, lowers fraud risk, and cuts operational costs, all while improving customer satisfaction in a digital-first world.
The company’s unified e-ID platform combines hundreds of electronic identity systems, helping businesses transition from legacy verification methods to secure digital solutions.
The platform eliminates the need for outdated practices like plastic IDs and photo uploads, reducing the exposure of personal data while maintaining privacy and trust. By integrating with existing KYC infrastructures, Authologic simplifies the adoption of secure e-ID solutions.
Krzysztof Klimczak, CEO and co-founder of Authologic, says, “Identity is the foundation of a well-functioning society. If we can’t be sure who we’re dealing with online, it undermines trust in marketplaces, social interactions, and even democracy itself. That’s why digital identities must be easy to use and the practice of taking photographs of plastic ID cards should be left in the past.”
“Our platform is designed to help firms counteract the increase in AI-driven fraud, offering them a seamless, secure, and automated solution that stays ahead of emerging fraud tactics. We are excited to have the support of our investors as we expand our reach and continue to innovate in the digital identity space.”
With offices in Warsaw, London, and San Francisco, Authologic is expanding internationally, serving major clients such as Santander Leasing, LV Bet, and eToro.
What do investors have to say?
Nicolas Dessaigne, Group Partner at YCombinator, says, “At Y Combinator, we have a front-row seat to seeing AI fundamentally transform the way businesses operate, and it’s become clear that traditional identity verification methods, reliant on outdated practices like photos of physical documents, are no longer sufficient.”
“Since going through YC in 2021, Authologic has consistently demonstrated its ability to stay ahead of these trends. We are proud to back a team that not only meets the challenges of today but also anticipates the needs of tomorrow, driving the future of secure, automated identity verification.”
Adrian Kaczmarek, Head of Digital Sales at Santander Leasing, adds, “Onboarding customers to financial products at scale is a challenging task. First of all, providing only document-based ID verification doesn’t cut it anymore. You need multiple options, including government-issued digital IDs and Bank IDs.”
“Second of all, the market is changing rapidly and as our business grows, we require new methods and new capabilities. Through the one-time integration of Authologic e-ID Hub, we started to address these challenges. We now have the flexibility to add new integrations and capabilities within days, not months.”
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