Duna, a business identity startup founded by former Stripe employees, has secured €10.7 million in a Seed funding round led by Index Ventures.
Duna’s platform for compliant business identity is already being utilized by major enterprises such as Plaid, Bol, Moss, Sequra, and Brand New Day Bank. This adoption follows the need for compliance with regulations like AMLD5/6, PSD2/3, DAC7, DORA, and the Supply Chain Transparency Act.
The founders, David Schreiber and Duco van Lanschot, previously held C-suite positions at Trade Republic Bank and identity company Fourthline. Their vision for Duna is to create a network for shareable business identity, aiming to make business identification as simple as two clicks.
“In a fast-moving AI landscape, we can generate flawless images without a camera and draft legal arguments without a day in law school. Yet, when it comes to business identity, we’re still trapped in the era of spreadsheets. Duna enables businesses to conduct traditionally paper-heavy compliance analysis without manual labor,” stated David Schreiber. “We’re building a future where businesses possess digital passports, allowing them to identify themselves instantly, securely, and universally.”
Clients using the Duna platform have reported an average increase of 38% in onboarding conversions within six months of implementation.
Zak Lambert, VP EMEA at Plaid, remarked, “Business onboarding used to be a cost center for Plaid. Now, it’s a revenue driver thanks to Duna’s intuitive onboarding flows, compliance automation, and high-end UX.”