Fourthline and Veridas have completed their merger, combining know-your-customer (KYC) and compliance decisioning with biometric, document, voice and anti-fraud technology.
The transaction closed on 3 November after meeting its closing conditions. The companies first announced the agreement on 16 July. They said the combined platform will support identity, compliance and fraud-prevention requirements across more than 50 countries.
The transaction includes up to €65 million from Fourthline shareholder Finch Capital, equity investor Seaya Andromeda and debt provider Ashgrove Capital. The funding will support product development, acquisitions, debt refinancing and a shareholder reorganisation.
Fourthline and Veridas project combined 2026 revenue above €50 million. Both businesses were earnings before interest, taxes, depreciation and amortisation positive at closing. The company is targeting €85 million in annual recurring revenue by 2029 and €20 million in annual run-rate synergies. These remain forward-looking targets.
Existing platforms, contracts, integrations and local support will continue during a phased integration. Customers do not need to take immediate action. The companies said clients will gain access to a broader set of identity and compliance services across Europe, Latin America and the US.
Fourthline Chief Executive Officer Paul Stoddart will lead the combined business. Veridas Chief Executive Officer Eduardo Azanza becomes president. The company will be headquartered in Amsterdam, with offices in Stockholm, Pamplona, Barcelona, Mexico, São Paulo and Boston.
“Our first job is to ensure continuity of service for existing customers; our second is to give them access to incremental value,” Stoddart said.
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