Evrotrust Technologies, a Sofia, Bulgaria-based identity verification, and qualified trust services provider, raised €2.5 million in financing for product development and international growth.
The investment was from the Capital Investment Fund, part of the Bulgarian Development Bank Group. Having consolidated its core market in Bulgaria, Evotrust is now fully committed to its expansion into high-growth European markets.
Evrotrust is a provider of qualified trust services, offering a technology solution for remote identity verification and electronic signature with the highest level of security.
It creates innovations that support the digital transformation of organizations and creates sustainable business models and processes.
A client of Evrotrust digital identity and electronic signing, Bulgarian Development Bank (BDB) which offers various financial products to small and medium-sized enterprises, is also a client of Evrotrust's digital identity and electronic signing solution and has first-hand experience with the benefits of working with the platform.
“Closing an equity round with BDB’s Capital Investment Fund is yet another proof of the level of service and satisfaction of our clients, who see first-hand that Evrotrust unlocks digital growth” share Konstantin Bezuhanov, CEO of Evrotrust.
The company is integrated with numerous government institutions, international banking groups, and non-bank financial institutions like insurance companies, pension companies, and telecoms.
Company: Evrotrust Technologies AD
Raised: €2.5M
Round: Unknown
Funding Month: February 2023
Lead Investors: Capital Investment Fund
Additional Investors:
Company Website: https://evrotrust.com/
Software Category: Identity Verification
About the Company: Evrotrust Technologies has developed a new generation of remote e-identification and qualified trust services from a smart device: e-signatures, e-seals, timestamps, e-delivery, e-validation, and e-preservation. Evrotrust provides a SaaS platform for remote identity verification and electronic signatures. It offers unique and revolutionary technology for identification, strong authentication, and signing. The company’s mission is to help businesses and government institutions digitize their services, making them more efficient and accessible to the end user.
Source: https://evrotrust.com/blog/bulgarian-development-bank-provides-2-5-million-of-funding-to-evrotrust