NewBanking - logo white

Data collection and due diligence workflow in one system.

Exit Year Multiple IRR
2022 x 1.4 24.4%
TA Associates, Name 2

NewBanking Identity is a cloud-based KYC solution that ensures compliance with anti-money laundering and GDPR regulations.

It allows customers to easily administer and automatically verify user data in real time.

Status Founded HQ
Active 2015 Denmark
Investment Vertical Theme
2020 RegTech Future of Work
Name 1
Name 2
Why did we invest in NewBanking Identity?

With regulatory frameworks like GDPR, KYC and AML the need for identity verification and secure handling of personal data is greater than ever.

NewBanking has a unique perspective on identity management, enabling users to control the distribution of personal data and creating a “one single truth” to avoid identity theft and fraud.

The team is combining extensive regulatory knowledge with technical skills to create a platform used by law firms, investment funds and banks.

“We are excited to join NewBanking in the journey to improve Identity Management across borders and industries.”

Kenneth Grunow
Partner @ Scale Capital

What does NewBanking Identity do?

NewBanking is changing the way data is shared by allowing companies to use their platform “Identity” to securely store and share information, prevent money laundering, and stay up to date with privacy regulations.

NewBanking is imagining a world where people can store all of their personal information in one central and secure location and be able to control who has access to this information. By using NewBanking’s platform, companies avoid the hassle of constantly collecting, storing, verifying, and managing access to information.

The tool features automated supplier onboarding, invoice management, cash flow management and is made in partnership with Mastercard in order to simplify B2B purchases, payments, and compliance through business cards. With Mazepays solution, corporates can simplify their payments via virtual cards and ensure transparency, compliance, and efficiency when it comes to long-tail spend.

Meet the team