Fourthline has raised $54M to improve identity verification in the financial industry.

 

Fourthline has raised $54M to improve identity verification in the financial industry.   The company focuses on the European market. Fourthline claims that it uses its own proprietary data sets and doesn't rely on APIs to verify user identity. Its platform is used by companies such as: N26, Wish, Western Union, Qonto, Trade Republic, FlatexDEGIRO, Scalable Capital, NN, etc. Finch Capital led the funding round. Since its inception in 2013, the company has raised $75M. The company is based in Amsterdam, Netherlands.