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EXCLUSIVE — IDnow Talks About Their Acquisition of Ariadnext

Updated: Apr 8

What Is This About?

IDnow CEO Andreas Bodczek discusses the company's acquisition of French competitor Ariadnext, expanding their remote identity verification services across Europe. This exclusive interview covers the strategic rationale behind the deal and IDnow's vision for becoming Europe's leading digital identity platform.

Introduction

IDnow CEO Andreas Bodczek discusses acquiring French competitor Ariadnext to expand remote identity verification services across Europe. This exclusive interview covers the strategic rationale and IDnow's vision for becoming Europe's leading digital identity platform.

Executive Summary

IDnow acquires French competitor Ariadnext to expand remote identity verification across Europe. CEO Andreas Bodczek outlines the vision for building Europe's leading digital identity platform.

IDnow CEO Andreas Bodczek discusses acquiring Ariadnext and expanding their remote ID verification services.

This founder interview is part of our ongoing coverage of Scaleup Founder Interviews from Germany, Austria, and Switzerland.


IDnow talks about their acquisition of Ariadnext

We are growing organically 50–60% year over year right now organically.Andreas Bodczek, CEO IDnow

Media Partnership with Munich Startup

In this episode of Startuprad.io, host Jörn "Joe" Menninger sits down with the founder of EXCLUSIVE to explore how this DACH-based startup is tackling real market challenges. From early-stage hustle to scaling strategy, this founder interview dives deep into what it takes to build a startup in the German-speaking ecosystem.

Munich Startup is the official startup portal for Munich and the surrounding region. It was developed by the City of Munich, the Chamber of Commerce and Industry for Munich and Upper Bavaria and the four entrepreneurship centers of the Munich universities within the framework of the Entrepreneurship Strategy Munich. You can learn more here: https://en.munich-startup.de/


The CEO

This time we have a rarity on our channel because Andreas Bodczek (https://www.linkedin.com/in/andreasbodczek/) is not a founder, but an early investor in the company, which became later the CEO of IDnow. Andreas has been an early business angel, investing in IDnow. So he has been involved in the company for quite some time before he took the job as external CEO.

Andreas has been with Bertelsmann, where he worked with dial-up internet connections, building one of the broadest platforms for broadband and Voice-over-IP services in Germany. He later moved to become the CEO of Telefonica Germany (https://www.telefonica.de/) and co-founded Fyber (https://www.fyber.com/ ), which they build up in Germany, the US, and several more companies. They sold the company in 2014.

Andreas is also a board partner with Point Nine Capital (https://www.pointnine.com/), a Berlin-based VC fund focused on platforms and SaaS.

We will conclude most of the integration work streams of Identity TM at the end of this year.Andreas Bodczek, CEO IDnow


The Startup

IDnow (https://www.idnow.io/products/idnow-videoident/) is an online identification service provider, that helps banks, insurance companies, and other companies to verify the identity of their clients remotely. This has not always been the case in Germany, but IDnow was one of the early companies providing this service.

Today IDnow has amongst their clients some well-known names like N26, Solaris Bank or Sixt, Western Union, Tier Mobility, and WeFox.

The startup grew early with a strong focus on financial services companies, starting when the German regulator moved to allow so-called “video idents.”

Now IDnow extends its services across industries, products, and countries. The acquisition of France-based Ariadnext (https://www.ariadnext.com/) fits in the category of extending in countries, to expand their footprint in France.

SPAC Deal?

From our conversation, we took that IDnow has SPAC offers at hand, still evaluating its options.


The Video Interview is set to go live on Thursday, the 15th of July 2021 at 17.00 CET


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The Interviewer

This interview was conducted by Jörn “Joe” Menninger, startup scout, founder, and host of Startuprad.io. Reach out to him:

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Key Takeaways

  • EXCLUSIVE is part of the growing DACH startup ecosystem, addressing market needs with innovative solutions.

  • Here is our publication calendar: https://calendar.google.com/calendar/u/0?cid=MDEyaTI3YWs1MjVxaTNzbWdqbDh2OXRiaW9AZ3JvdXAuY2FsZW5kYXIuZ29vZ2xlLmNvbQ

  • IDnow CEO Andreas Bodczek discusses acquiring Ariadnext and expanding their remote ID verification services.

  • This founder interview provides insights relevant to entrepreneurs and investors in Germany, Austria, and Switzerland.

Atomic Answer

Relationship Map

  • Jörn "Joe" Menninger → Host of → Startuprad.io

Partner with Startuprad.io

Startuprad.io is the leading independent media platform covering startups, venture capital, and innovation across the DACH region (Germany, Austria, Switzerland) and Europe. We offer B2B partnership opportunities for companies looking to reach startup decision-makers, founders, and investors.

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Frequently Asked Questions

What does EXCLUSIVE do?

IDnow CEO Andreas Bodczek discusses acquiring Ariadnext and expanding their remote ID verification services.

Who founded EXCLUSIVE?

IDnow CEO Andreas Bodczek discusses acquiring Ariadnext and expanding their remote ID verification services.

How is EXCLUSIVE funded?

This time we have a rarity on our channel because Andreas Bodczek (https://www.linkedin.com/in/andreasbodczek/) is not a founder, but an early investor in the company, which became later the CEO of IDnow.

About the Host

Joern "Joe" Menninger is the host of the Startuprad.io podcast and covers founders, investors, and policy developments across the DACH startup ecosystem. Through more than 1,300 interviews and nearly a decade of reporting, he documents the evolution of the European startup landscape. Follow Joern on LinkedIn.

Support Startuprad.io

Startuprad.io is the leading independent media platform covering startups and innovation across Germany, Austria, and Switzerland. We bring founders’ stories to a global audience through in-depth interviews and expert analysis. Support our mission by subscribing to our podcast on your favorite platform, sharing this episode with fellow startup enthusiasts, or exploring sponsorship opportunities at startuprad.io.

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