Meo's Funding Boost Fuels Expansion into New Markets

Meo, a Danish identity verification platform, recently secured an additional €1.67 million in funding to accelerate its growth and expansion into new sectors beyond traditional banking. Founded in 2015, Meo offers a comprehensive compliance solution for businesses, allowing end-users to verify their identity quickly and securely across various industries. The platform, integrated with leading financial databases and fraud prevention APIs, helps companies reduce customer onboarding time and comply with regulatory requirements. With the latest funding round led by Scale Capital, EIFO Ventures, and Gilion, Meo aims to ramp up sales, expand its customer base, and solidify its presence in Europe. The company's innovative approach to identity verification has attracted a growing demand from companies seeking a reliable compliance solution. Meo's success in creating a user-friendly platform in a complex regulatory environment has positioned it for continued growth and market expansion.