IDnow Raising Funds — Shelving Germany’s Largest Fintech Exit For Now
- Juan Diego Parra Castillo
- 2 days ago
- 3 min read
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
This article is part of our coverage of Scaleup Founder Interviews from Germany, Austria, and Switzerland.
Executive Summary
This blog post first appeared first on old medium publication (https://medium.
On March 18th we shared the news, that our former guest IDnow, is in the process of looking for Germany’s largest fintech exit at 1bn Euros (1,1 bn US$ at the time).
As of today, the company reported that they arranged 60 m Euros from BlackRock as a debt facility to continue driving the consolidation in the space in Europe.
In our interview, we talked about two of their past acquisitions, one in France and one in Germany.
You can learn more in our article or in our audio and interview from July 2021 below.
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IDnow Raising Funds — Shelving Germany’s Largest Fintech Exit For Now Startuprad.io brings you independent coverage of the key developments shaping the startup and venture capital landscape across Germany, Austria, and Switzerland.
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
On March 18th we shared the news, that our former guest IDnow, is in the process of looking for Germany’s largest fintech exit at 1bn Euros (1,1 bn US$ at the time).
As of today, the company reported that they arranged 60 m Euros from BlackRock as a debt facility to continue driving the consolidation in the space in Europe. A debt facility is an available credit, that IDnow could draw on to grow or when they found an acquisition target. We would be surprised if the CEO Andreas Bodczek would not have already initiatives and acquisition targets in mind.
In our interview, we talked about two of their past acquisitions, one in France and one in Germany. It seems like they have shelved the exit plans for now — not surprising given the current market environment — and continue to consolidate the market. It appears to be a pretty good idea to get a war chest right now and take advantage of the current market environment by acquiring companies.
You can learn more in our article or in our audio and interview from July 2021 below.
Key Takeaways
On March 18th we shared the news, that our former guest IDnow, is in the process of looking for Germany’s largest fintech exit at 1bn Euros (1,1 bn US$ at the time).
This article covers a significant development in the DACH startup and venture capital ecosystem.
The DACH region (Germany, Austria, Switzerland) continues to be one of Europe's most dynamic startup markets.
Frequently Asked Questions
What are the key facts about IDnow Raising Funds Shelving Germany’s?
This blog post first appeared first on old medium publication (https://medium.com/startuprad-io), and was moved to this blog with the relaunch of our website in summer 2024.
How does this affect the German startup ecosystem?
In our interview, we talked about two of their past acquisitions, one in France and one in Germany. It seems like they have shelved the exit plans for now — not surprising given the current market environment — and continue to consolidate the market.
What are the latest startup funding trends in the DACH region?
Startuprad.io tracks venture capital and startup funding across Germany, Austria, and Switzerland. Explore our pillar coverage pages for the latest data.
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.
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