Lissi, a European provider of digital identity and European Union Digital Identity Wallet integration infrastructure, has raised €3.5 million in a funding round led by early-stage venture capital firm Ventech.
BM H Beteiligungs-Managementgesellschaft Hessen also participated in the round alongside existing investors main incubator, the research and development unit of Commerzbank Group, and Ninepointfive Ventures.
The financing brings together investors from Germany, France, and Belgium and will support Lissi’s efforts to establish an independent, pan-European digital identity infrastructure platform. The company plans to use the funding to expand its European Union Digital Identity, or EUDI, Wallet Connector Suite and accelerate the development of a software development kit designed for banks and other regulated financial institutions.
Lissi’s technology enables organizations to integrate EUDI wallets into digital processes such as know-your-customer verification, strong customer authentication, and the issuance and verification of digital credentials. Its platform can be deployed on-premises or through controlled private cloud environments, allowing financial institutions to maintain control over customer information and meet security and regulatory requirements.
The company is focusing heavily on the financial services industry as European institutions prepare for the EU Anti-Money Laundering Regulation, or AMLR, to begin applying on July 10, 2027. The regulation is expected to increase demand for secure, interoperable, and eIDAS-compliant identity verification technology across banks, insurers, payment companies, trust service providers, and other regulated organizations.
Approximately 90% of Lissi’s customers currently operate within the financial sector. Its customer and partner base includes banks, insurance companies, payment service providers, identity verification companies, and qualified trust service providers, including companies such as itsme and Commerzbank.
Lissi intends to use the new capital to help these institutions implement identity-wallet technology in preparation for the AMLR requirements. The company also sees opportunities for its technology to support new Open Finance business models in which verified identity and financial information can be securely shared with a customer’s consent.
A central component of the company’s product expansion is an SDK that will enable financial institutions to embed identity-wallet functionality directly within their existing mobile applications. Rather than requiring customers to use a separate identity application, banks could potentially expand their current mobile banking apps to store, present, and verify digital credentials.
The SDK will complement Lissi’s EUDI Wallet Connector Suite, which provides the technical infrastructure needed to connect organizational systems with public and private EUDI wallets. Lissi’s goal is to provide interoperability across wallet implementations introduced by different European Union member states.
The EUDI Wallet initiative is intended to provide European residents with digital wallets that can be used to identify themselves and share verified personal information across borders. Potential applications include opening bank accounts, signing documents, accessing government services, authenticating payments, and providing educational or professional credentials.
Financial institutions must be able to incorporate these wallets into complex existing technology environments while complying with requirements related to data protection, authentication, anti-money laundering procedures, cybersecurity, and operational resilience. Lissi is positioning its infrastructure as a way for institutions to adopt the emerging wallet ecosystem without giving up control of sensitive customer data.
The company’s platform includes multi-tenancy and white-labeling capabilities, enabling financial services organizations and technology providers to deploy wallet-related services for different brands, business units, or customers through a shared infrastructure.
Lissi has been developing digital identity infrastructure since 2019. The company initially operated within Commerzbank Group before being spun off as an independent business in 2023.
The founding team’s experience developing digital identity technology inside a major regulated bank has helped shape Lissi’s focus on financial-sector compliance, deployment flexibility, and compatibility with established banking systems.
Lissi has also participated in several major European digital identity initiatives. As the leader of the IDunion research project, the company contributed to the development of technical components and protocols that are now used within the European digital identity ecosystem.
The company participated in the European Wallet Consortium and POTENTIAL large-scale pilot programs and is currently involved in the WE BUILD consortium. These projects are designed to test wallet technology, improve interoperability, contribute to technical standards, and support the deployment of EUDI wallets across different countries and use cases.
Lissi said it has completed projects with or is currently working on wallet integrations involving more than 30 organizations across 10 European Union member states. The company was also named the winner of the German Federal Government’s EUDI Wallet Challenge in 2025.
The new funding will allow Lissi to expand its technology, strengthen its wallet connectivity capabilities, and support more financial institutions as the European digital identity market moves from pilot programs toward commercial deployment.
Ventech, the lead investor in the round, is an early-stage venture capital firm with operations across Europe and Asia. Founded in 1998, the firm has raised nearly €1 billion and completed more than 320 investments.
BM H Beteiligungs-Managementgesellschaft Hessen is a Wiesbaden-based venture capital and investment firm owned by Helaba. The firm manages six investment funds with an aggregate volume of approximately €450 million and has invested in more than 500 companies since its founding in 2001.
KEY QUOTES:
“We won the German Federal Government’s EUDI Wallet Challenge in 2025. Based on this experience, we are further expanding our EUDI Wallet Connector Suite and have started developing our own Software Development Kit. With this, financial companies can integrate all functionalities of modern identity wallets directly into their own apps. This means that in the future, any banking app can be expanded into an ID wallet in no time at all.”
Sebastian Bickerle, CTO and Co-Founder of Lissi
“Financial institutions need solutions that can be seamlessly integrated into existing IT landscapes and at the same time allow them full control over their customer data. Our platform was developed exactly for these requirements: eIDAS-compliant, flexibly deployable and aligned with the high security and compliance standards of the financial sector. The trust of numerous banks and financial service providers shows that this approach is well received in the market.”
Helge Michael, CEO and Co-Founder of Lissi
“As an active contributor to various EUDI wallet initiatives in the EU, Lissi combines proximity to standardization with practical implementation experience. We have already realized projects with more than 30 organizations from 10 member states or are working with them on the integration of EUDI wallets.”
Adrian Doerk, Co-Founder and Chief Marketing Officer of Lissi
“We’re thrilled to back the Lissi team. Many of their competitive advantages are based on the fact that Adrian, Sebastian, and Helge aren’t theorizing about bank compliance. They initially built from inside Commerzbank, which means they understand bank IT priorities at a level that is hard to attain for outsiders. Their SDK approach, turning existing banking apps into wallets that will work across all European member state markets, will help regulated customers leverage eIDAS-compliant flows even further.”
Stephan Wirries, General Partner at Ventech
“Lissi is an excellent example of the kind of technology company we aim to support: rooted in Hesse, built on strong domain expertise, and addressing a clear European market opportunity. The team has developed a highly relevant infrastructure solution for regulated industries and has already gained the trust of important market participants. We are pleased to join Ventech and the existing investors in supporting Lissi’s next stage of growth.”
Stephan Groß, Senior Investment Manager at BM H
