ZignSec SEK 8.6m Directed Issue | Q4 2023

About ZignSec 

ZignSec is a technology group in the rapidly growing RegTech industry. The company provides a SaaS platform with real-time digital customer knowledge and ID verification solutions with global reach. The solutions are used by companies who in turn can optimise their processes to "onboard" both business customers and consumers while ensuring compliance with ever-changing local and global regulatory requirements for Know Your Customer (KYC) and Anti Money Laundering (AML).

Press release

The case 

• RegTech Leader: ZignSec operates in the RegTech market, serving B2B and B2C companies seeking to streamline customer verification processes currently managed manually, semi-manually, or with inefficient systems. 


• Unified Verification Platform: ZignSec develops and operates a rapidly growing platform that aggregates various ID verification and compliance solutions into a single service. This simplifies and automates customer verification methods for global use. 


• Target Audience: ZignSec primarily targets companies operating in regulated, fast-growing environments that require real-time digital customer verification, with a focus on industries like financial services. 


• Versatile Solutions: ZignSec's services are used across multiple industries for onboarding new customers, ensuring ongoing compliance, and conducting thorough background checks to meet regulatory and anti-money laundering requirements. 


• Strong Growth: ZignSec has experienced robust financial growth, with an average of 154% annual increase in net revenue over the last three years (2020-2022), driven by organic and acquisition-based expansion. 


• Business Model: ZignSec offers a platform with digital onboarding, Know Your Customer (KYC), and real-time ID verification solutions for regulated industries. The Company’s business model relies on low integration costs and generates recurring revenue from customers that use the platform. 


• Diverse Customer Base: ZignSec serves customers across various industries, including banks, financial services, and payment-related sectors. The company tailors its standardized services to meet industry-specific needs. 


• Global Expansion: ZignSec plans to expand into new markets and add more services to its platform, leveraging its position as a holistic KYC and compliance solution provider. 

Website: https://www.zignsec.com/