Polish identity verification vendor Authologic has successfully raised $8.2 million in a Series A funding round.
Authologic aims to simplify the KYC (Know Your Customer) and fraud prevention processes by aggregating hundreds of e-ID systems into a single, unified platform, eliminating the need for users to upload documents and photos. By integrating seamlessly with existing KYC infrastructures, Authologic enables companies to adopt secure e-ID solutions, facilitating the transition toward digital identities.
The funding round was led by the European venture capital firm OpenOcean, with participation from YCombinator and Peak Capital. With offices in Warsaw, Poland; London, UK; and San Francisco, US, the investment will help Authologic expand its international presence, building on its existing relationships with well-known customers such as Santander Leasing, LV Bet, and eToro.
Krzysztof Klimczak, CEO and co-founder of Authologic, emphasizes the importance of reliable digital identities: “Identity is the foundation of a well-functioning society. If we can’t be sure who we’re dealing with online, it undermines trust in marketplaces, social interactions, and even democracy itself. That’s why digital identities must be easy to use and the practice of taking photographs of plastic ID cards should be left in the past.”