Signicat among FT1000 Europe’s Fastest Growing Companies for 2024 and for the 3rd time since 2021

London, 5^th of March 2024 - Signicat, the leading pan-European provider of digital identity solutions, has been recognized among the Financial Times 1000 list of Europe’s Fastest Growing Companies for the year 2024. This acknowledgment underscores Signicat's continuously increasing business with a large and growing customer base across Europe and beyond, its innovative drive for new products and solutions to these customers, and its unwavering commitment to remain a leader in this space.

Compiled annually by the Financial Times and Statista, the FT1000 list evaluates Europe's fastest-growing companies based on the highest percentage growth in revenues between 2019 and 2022. Signicat's presence on this prestigious list for the third time within the last 4 years highlights its resilience, adaptability, and significant impact on the digital identity landscape.

Commenting on the achievement, Signicat's CEO, Asger Hattel, stated, "We are honored to once again be among Europe's fastest-growing companies. This achievement is a recognition of the work of all Signicats, and the trust placed in us by our customers. Our commitment to drive innovation and ensure a high Level of Assurance in the digital identity landscape remains high. Fraud and identity challenges keep accelerating for companies across Europe, and consumers expect smoother, faster and more secure digital interactions. We are the experts to help companies address those challenges every day across Europe and beyond.”

Over the past years, Signicat has expanded its European footprint through six strategic acquisitions to strengthen its technology, customer base, and market expertise. However, the bulk of the growth each year has still come from organic growth, where major investments have been driving a very powerful product roadmap, better and deeper customer relationships and exciting new wins. The six acquisitions include Norwegian trust services provider Idfy in 2019 and the leading Dutch identity specialist Connectis in 2020. In addition, the company acquired three market/tech leaders in 2021 namely Norwegian Encap Security, Spanish-based Electronic Identification and Lithuanian-based Dokobit. The leading UK-based anti-fraud orchestration player Sphonic was acquired in 2022. These acquisitions have further strengthened Signicat's position as a leader in the digital identity space.

Continuously committed to innovation, Signicat remains dedicated to advancing digital identity solutions across the full digital lifecycle of identity verification, orchestration, authentication as well as signing sealing and storage. Recently, the company introduced several news in the orchestration area including Mint, a no-code platform to design, build, and deploy any digital identity processes in a no-code visual editor. With a portfolio within orchestration now spanning across Riskflow, also newly launched Instantflow and as mentioned, Mint, Signicat has never been standing stronger in this exciting and growing area.

Additionally, Signicat has been a pioneer in the digital identity space, and was recently the first international aggregator to offer SPID, the Italian electronic identification system. More news will be coming soon to the unique collection of more than 35 national eIDs. Finally, it is worth mentioning that the market-leading identity verification through biometrics technology from Signicat continues to be upgraded and is taking new market shares across Europe.

“These products news and many more reflect Signicat's ongoing commitment to providing practical and efficient solutions, driving progress in digital identity verification while prioritizing ease of use and security,” says Riten Gohil, Digital ID, Fraud & AML Orchestration Evangelist at Signicat. “Our presence in the UK and the rest of Europe is undoubtedly proof that Signicat is one of the market leaders in digital identity solutions and that we are at the top of the minds of our customers. Today, firms such as Zopa, Paysafe and Betfair rely on Signicat to enable secure online transactions for their customers”, he adds.

Since the company was founded in 2006 in the Norwegian-tech hub of Trondheim, it has grown to be a European market leader covering the entire digital identity lifecycle. Currently, more than 13.000 customers across 44 countries, trust Signicat’s solutions including Bank Norwegian, Santander, Volvo, DNB, Rabobank, Telia, and If Insurance.

Signicat was ranked with a CAGR of 44,4%. The minimum average growth rate required to be included on the list for 2024 was 36,3%. The FT1000 list is compiled jointly with Statista, a German company specialising in consumer and market data, who process all the data reported by companies through strict and formal vetting procedures.

You can find the full FT1000 ranking on their website here: https://www.ft.com/ft1000-2024