Lissi raises €3.5M for EU digital identity wallets ahead of 2027 AML rules
What's the deal? LissiDealroom has a profile for this one. Try Dealroom →, a German provider of European Digital Identity (EUDI) Wallet technology, has raised €3.5 million in an early-stage round. VentechDealroom has a profile for this one. Try Dealroom → led, with participation from BMH Beteiligungs-Managementgesellschaft Hessen, main incubator (CommerzbankDealroom has a profile for this one. Try Dealroom → Group), and Ninepointfive Ventures.
What's the endgame? Founded in 2019, Lissi builds software that lets organisations integrate EUDI Wallets and verifiable credentials into their services. Its EUDI Wallet Connector Suite aims to enable interoperability between public and private wallets across the EU.
Why now? Demand for eIDAS-compliant identity tools is rising ahead of the EU Anti-Money Laundering Regulation, which applies from July 2027. About 90% of Lissi's customers come from finance — banks, insurers, and payment and trust service providers — including itsmeDealroom has a profile for this one. Try Dealroom → and Commerzbank.
The money will fund further platform development, helping financial institutions meet regulatory requirements and enable new Open Finance use cases through identity wallets.
"Financial institutions need solutions that integrate seamlessly into existing IT environments while allowing them to retain full control over customer data," said Helge Michael, chief executive officer and co-founder. "The trust placed in us by leading banks and financial service providers demonstrates the market demand for this approach."
The signal: The €3.5 million round sits at roughly the 12th percentile by size, a modest early raise. But with investors from Germany, France, and Belgium, Lissi is positioning itself as an independent, pan-European provider for a sovereign digital identity infrastructure — a bet timed to Europe's tightening compliance regime.
Read more: Tech.eu
Image credit: IBM Research
