SignD Identity
The business, the turning points, and the decisions behind them.
01 / WHAT IT BUILT
What the company did
SignD Identity was a Vienna-based regtech founded in 2019 by Bernhard Reiterer. It offered a white-label, turnkey solution for digital customer onboarding and Know Your Customer (KYC) compliance, covering personal identification, address validation, anti-money-laundering (AML) and politically-exposed-persons (PEP) checks. Its customers were banks, insurers, brokers, and companies in the telecom and gaming industries. In 2020 it raised €1 million in growth capital from the primeCROWD investor network to fund international expansion.
02 / SignD Identity FAILURE REASONS
Failure reasons
No public record explains why SignD failed. The small regtech raised €1 million in growth capital in 2020 to expand internationally, and CB Insights records that it filed for bankruptcy in May 2023; the reasons for the collapse were not publicly documented.
03 / EVENT HISTORY
Events in the structured record
- Company founded
Bernhard Reiterer founds SignD Identity in Vienna to provide digital onboarding and KYC solutions for banks, insurers, brokers, telecom, and gaming companies.
- Growth capital
SignD raises €1 million in growth capital from international primeCROWD investors to fund product development and international sales and marketing.
- Bankruptcy
SignD files for bankruptcy in May 2023, according to CB Insights; no public explanation of the circumstances was documented.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
SignD raised about €1 million in growth capital from the primeCROWD investor network in 2020, with total reported funding of about $1.2 million.
- 02
The company filed for bankruptcy in May 2023 (CB Insights); no reliable realized-loss figure was disclosed.