The merger creates a provider of identity services, compliance and fraud prevention in more than 50 countries - on a single integrated platform. Fourthline and Veridas are jointly creating a global bank-grade identity platform: sovereign AI, modular compliance and proprietary anti-fraud and biometric technology in Europe, Latin America and the USA, on track for 200 million verifications in 2026. With forecast combined revenue of more than EUR 50 million in 2026 and two companies that are EBITDA-positive at closing, the company expects to reach annual recurring revenue (ARR) of EUR 85 million by 2029. Financing: the transaction includes financing of up to EUR 65 million, provided by existing shareholder Finch Capital, a new equity investment by Seaya Andromeda and debt financing by Ashgrove Capital.

AMSTERDAM & PAMPLONA - 3 November 2026 - Fourthline and Veridas today announce the completion of their merger, first announced on 16 July 2026. The transaction closed on 3 November 2026 after all closing conditions were met.

The financing will be used to accelerate product innovation, pursue strategic M&A, refinance debt and support a reorganisation of the shareholder structure, which also provides partial liquidity for Veridas shareholders. Both companies are EBITDA-positive at closing. The combination is expected to generate annual run-rate synergies of EUR 20 million, mainly by offering each company's proprietary technology to the other's customers.

Leadership and governance

Fourthline CEO Paul Stoddart will lead the combined company as Chief Executive Officer. Radboud Vlaar, Managing Partner at Finch Capital, will chair the supervisory board. Eduardo Azanza, CEO of Veridas, becomes President of the combined company. Esteban Morrás, previously President of Veridas, Philip van Engers of Finch Capital and Alfonso Diaz, Investment Director at Seaya Andromeda, will join the supervisory board of Fourthline Group Holding B.V. The combined company will be headquartered in Amsterdam, with offices in Stockholm, Pamplona, Barcelona, Mexico, São Paulo and Boston.

What customers gain

From today, customers of both companies can work with a single provider across Europe, Latin America, Mexico and the USA. Both platforms continue with full continuity of service, existing contracts and integrations and local support. Integration will take place in phases; customers do not need to take any action.

Why the combination matters now

Regulated companies face two pressures at once: fraud is increasingly AI-generated, including deepfake and synthetic identity attacks, and the compliance framework is expanding as a result of the EU AMLR, MiCA, eIDAS 2.0 and national age verification laws as well as CNBV & CUB in Latin America and Mexico. According to Juniper Research, global spending on digital identity verification is expected to reach almost USD 19 billion in 2026 and to grow by 55% to more than USD 29 billion by 2030. The combined company brings together Fourthline's compliance and decisioning technology with Veridas' biometric, document and voice technology. The technology stack is fully proprietary; qualified trust services are provided by Fourthline Trust Services, a qualified trust service provider (QTSP).

Quotes

Paul Stoddart, CEO of Fourthline, said the closing marks the emergence of a true European leader in identity verification and fraud prevention, and that the first priority is continuity of service for existing customers. Radboud Vlaar of Finch Capital said the market is ripe for consolidation and that Fourthline and Veridas are well positioned for it. Alfonso Diaz of Seaya Andromeda said the combination has enormous potential to become a global leader in digital identity. (Quotes rendered in summary form.)

Advisors

Orange Clover and Act Legal Spain acted as lead legal counsel to Fourthline for Dutch and Spanish law respectively and coordinated the wider advisory team. TD Securities acted as financial advisor to Veridas, Pérez-Llorca and AKD as legal counsel to Veridas. Lexense acted as legal counsel to Finch Capital.

This text was automatically translated from the German original.