Evrotrust – a Europe-based trusted digital transformation provider – announced it has received a significant investment of €3.3 million from existing clients and private equity fund Silverline Capital. This is just a few months after Evrotrust got recognized as a notified eID scheme by the European Commission. This funding reinforces Evrotrust’s position as a major European digital identity market player.
The company’s services are utilized by over 1.3 million unique users from 58 countries and 150 enterprises from 11 countries – among which are 15 European banking institutions. The funding will bolster Evrotrust’s international expansion and foster the development of a novel product: a digital identity wallet for citizens worldwide.
This wallet will store personal documents like identity cards, educational diplomas, and driving licenses, ensuring users’ utmost security and privacy while promoting interoperability with various EU and US digital infrastructures.
The support from Silverline will enable accelerated growth for the company. And it comes at a time when the digital identity landscape is about to change drastically, especially with the upcoming eIDAS 2.0 regulation – which is a major opportunity for businesses. Evrotrust will also increase its team, hiring top-tier executives across Europe to support its innovation goals.
KEY QUOTE:
“The investment is a vote of confidence from those who have used and experienced the value of the platform. It will also forward our international development plans and help us penetrate new markets. Evrotrust solves a problem larger than the tech sector as we redefine digital and offline identity use, aligning them with the dynamic needs of the modern economy.”
- Konstantin Bezuhanov, CEO of Evrotrust
