Sphonic is a London-based RegTech business, established in 2012 and backed by private investors, which helps financial services, fintechs, gaming operators and the payments ecosystem manage their client onboardings and risk assessments.
Signicat is a pioneering, pan-European digital identity company which is one of Europe’s largest providers of digital identity and electronic signature solutions.
Sphonic will continue as a separate legal entity, named “Sphonic, a Signicat company”, for the short term, and then be fully integrated into Signicat. The Sphonic management team will form part of Signicat’s wider senior management team. With this acquisition, Signicat will be able to extend its leading identity platform with Sphonic’s know your customer, know your business and anti-money laundering solutions.
For more details, read the press release.