Evrotrust, a Sofia, Bulgaria-based identity verification, and qualified trust services provider, secured a €3.3 million in funding.
The investment was from Silverline Capital and existing clients.
Founded in 2019, Silverline Capital is a private equity firm based in Sofia, Bulgaria. The firm provides mezzanine, debt, convertible loans, and equity financing to mid-market businesses in Bulgaria. The firm focuses on sectors such as healthcare, transportation, logistics, manufacturing, consumer, retail, services and industrials.
Evrotrust Use of Funds
The company will use the funds to drive international expansion and support the development of a digital identity wallet, ensuring security and privacy for users globally.
Evrotrust is an identity verification provider with a mission to help businesses and governments digitally transform their processes and develop sustainable digital channels. The Evrotrust platform provides an end-to-end solution for reusable electronic identification and signing with qualified certificates that enable users to remotely participate in the economy using only their smartphone. The company services are utilized by over 1.3 million users from 58 countries and 150 enterprises, including 15 leading banks. Evrotrust recently got recognized as a notified eID scheme by the European Commission.
Company: Evrotrust Technologies
Funding Month: February 2024
Lead Investors: Silverline Capital
Company Website: https://evrotrust.com/
Software Category: Identity Verification