Duna, a business identity FinTech focused on building digital trust infrastructure for enterprises, has raised fresh capital of €30m.
The company has secured €30m in a Series A funding round led by CapitalG, Alphabet’s independent growth fund, with participation from existing backers Index Ventures, Puzzle Ventures and Frank Slootman, chairman of Snowflake.
Founded in 2023, Duna is developing a digital passport for businesses designed to simplify how companies verify, share and reuse identity information. Its longer-term ambition is to create a network that enables shareable identity and one-click onboarding between organisations, reducing the need for repetitive document exchanges and manual compliance checks.
Duna’s AI-native business identity platform is already used by large banks, FinTechs, platforms and financial institutions. Customers include Plaid, CCV (Fiserv), Moss, Bol and SVEA Bank, with clients reporting onboarding that is more than ten times faster alongside significant productivity gains across compliance and operations teams.
The latest funding will be used to expand Duna’s enterprise capabilities, with a focus on compliant and auditable AI systems that meet the strict regulatory standards required by banks and large organisations. The company said it will continue to invest heavily in product development while maintaining high levels of regulatory and operational resilience.
Duna operates across Germany and the Netherlands and was founded by two former Stripe executives. Duco van Lanschot previously served as head of Benelux and DACH at Stripe, while David Schreiber spent six years at the payments giant, running its largest global business unit including the core card payments platform.
Speaking about the company’s mission, Duna founder Duco van Lanschot said, “Duna is addressing one of the internet’s biggest unsolved problems: identity. Compliance and identity now consume up to 10-20 percent of a bank’s total costs. The expensive and manual legacy systems lead to billions lost in fraud, friction, and fines, as well as lost income from refusals of legitimate customers. This makes it an ideal use case for AI automation.”
Duna founder David Schreiber added, “The need for a secure business identity has never been more urgent: AI has many benefits, but it also enables an acceleration in the velocity and sophistication of fraud. Duna will help companies root out this fraud. We are turning a decades-old compliance cost center into a core revenue driver.”
Commenting on the use of proceeds, van Lanschot said, “We have seen strong traction with leading enterprise customers. The funding will be used to further expand our enterprise capabilities with compliant, auditable AI, while maintaining the high regulatory standards required by banks and large enterprises.”
CapitalG general partner Alex Nichols said, “Duna is building the internet’s missing ‘one click’ identity network. Most new business relationships start with a painful, manual, and time-consuming exchange of documents which amount to a massive hidden tax on the B2B economy. Duco and David are the perfect founders to solve business identity for the internet. As former leaders at Stripe, they possess not only deep founder-market fit but also the leadership skills to build a high-ownership, talent-dense culture to achieve such an ambitious vision.”
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