IDnow aims to reach €100 million in revenue in the coming years. To this end, the company, founded in 2014, has hired a new CEO and CFO, and the four founders are returning to the company.
The Munich startup IDnow already offers its video-based identification and eSigning solutions to over 250 customers, including N26, Commerzbank, and UBS. In 2018, the fintech achieved double-digit million-euro revenue for the first time. For many founders, that would be the time to seek an exit. Unlike the four IDnow founders: Felix Haas, Armin Bauer, Sebastian Bärhold, and Dennis von Ferenczy.
The four founders return
They had already partially withdrawn from active business operations, but are now returning to the operational side. Their stated goal is to vigorously drive the company's expansion into additional industries and new European markets. They aim to break the €100 million sales mark in the coming years.
“We have great ambitions to build a new tech leader out of Munich,”
said Founder and Executive Chairman Felix HaasThe founders have brought Andreas Bodczek on board as CEO and Joseph Lichtenberger as CFO. Felix Haas adds:
“The combination of new management and our ideas provides the impetus for a real growth spurt, with which we will establish a leading international position across new industries.”
New C-Level supports the four IDnow founders
The two newcomers to the management team bring startup experience. Andreas Bodczek made a name for himself as the founder of the technology company Fyber and as an investor. Joseph Lichtenberger has held positions as CFO at Scout24 and Roland Berger, among others.
“Since its launch, IDnow has impressively demonstrated how powerfully this can drive digital transformation in the financial industry,”
so Andreas Bodczek, new CEO at IDnow.
“I see great potential for the same development in other sectors such as insurance and mobility.”
Now, together with the new management, the four founders want to tap into new industries and pave the way for disruptive innovations. We're excited to see when the €100 million sales mark will be broken.
