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European Investment Bank issued the following announcement on Dec. 8. The European Investment Bank (EIB) will provide €15 million of growth funding to the German identity verification platform IDnow. IDnow is an expert in secure, remote auto and video identification and electronic signature services. This enables companies to acquire customers and manage transactions faster and easier, while complying with know your customer (KYC) and anti-money laundering (AML) regulations. The investment will primarily support IDnow’s research and development (R&D) activities as well as its international growth. This operation is part of the European Growth Finance Facility (EGFF), a product under the guarantee scheme of the European Fund for Strategic Investments (EFSI). The EGFF is designed to address quasi-equity gaps linked to structural market failures across the European Union in the provision of adequate risk capital to late-stage, venture-backed companies. Such European small an

Idnow joe lichtenbergerAmbroise fayollePaolo gentiloniEuropean unionEuropean commissionEuropean fund for strategic investmentsEuropean investment bankEuropean growth finance facilityEuropean fundStrategic investmentsInvestment planEuropean investment advisory hubPresident ambroise fayolleJoe lichtenbergerஐரோப்பிய தொழிற்சங்கம்ஐரோப்பிய தரகு