BayBG Sells Its Stake in IDnow
Corsair Capital acquires majority stake, enabling leading digital identity verification provider IDnow to enter its next phase of growth and innovation
Munich, April 29. BayBG has successfully completed its investment in IDnow, one of Europe’s leading digital identity verification platform providers. BayBG’s stake in IDnow was sold to Corsair Capital, an investment firm specializing in the financial services sector, with a focus on payments, software and business services. BayBG had invested in the Munich-based fintech in 2015 and has since supported the company’s dynamic growth path.
Founded in 2014, IDnow develops proprietary, AI-powered identity verification technologies that meet the cybersecurity and digital identification requirements of global enterprises and leading international brands in the financial services, telecommunications, travel and mobility, gaming and various other industries.
BayBG recognized the potential of the Munich fintech at an early stage and was the company’s first institutional investor.
“We have supported IDnow’s development since its early days,” says Andreas Heubl, Investment Manager at BayBG. “Thanks to an outstanding team, continuous innovation and a clear growth strategy, IDnow has rapidly evolved into a sustainably growing industry leader. We wish Andreas Bodczek and the entire IDnow team all the best and great success in their next development phase.”
Corsair Capital announced in March 2025 that it will acquire a majority stake in the company from existing shareholders. With this transaction, Corsair demonstrates its commitment to further accelerating IDnow’s growth and strengthening its market leadership in Europe and beyond.
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