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The European identity & payment infrastructure of the future.

VerfiX is building Swiss-made, privacy-first identity verification that runs on-premise and on-chip — so sensitive biometric data never leaves the device. We are early-stage, building toward our first bank pilots.

Pre-seed · Prototype in development · Innosuisse coaching voucher secured

StagePre-seed
ProductPrototype in development
BaseTrust Valley, Lausanne
SupportInnosuisse coaching voucher
The problem

Europe's identity and payment rails are fragmented and dependent.

Fragmented

Banks integrate many verification vendors per market, each with its own API, contract and data model.

Non-European

Core payment and verification infrastructure is largely controlled outside Europe, raising sovereignty concerns.

Privacy-exposed

Most biometric checks send sensitive data to external clouds — a growing tension with nFADP and GDPR.

Costly

Interchange and per-check fees stack up, and every new market means another integration.

The solution

One Swiss-made platform — on-premise and on-chip.

On-premiseVerification runs inside the bank's own environment — data stays in Switzerland.
On-chipFace and voice templates are processed on a secure element; raw biometrics never leave the device.
API-firstKYC, KYB, AML, Gateway and SDK behind one orchestration layer and one integration.
Why now

Regulation is forcing a once-in-a-decade reset.

eIDAS 2.0

The EU framework mandates member states to offer a European Digital Identity Wallet — adoption is rolling out toward 2026.

Swiss nFADP

Switzerland's revised data-protection law (in force since Sept 2023) raises the bar for how biometric data is handled.

Swiss e-ID Act

Switzerland's federal e-ID law was approved in 2024, with a state-issued e-ID planned — creating demand for compliant verification.

Sources: EU Regulation 2024/1183 (eIDAS 2.0); Swiss Federal Act on Data Protection (nFADP, in force 1 Sept 2023); Swiss Federal Act on Electronic Identity (e-ID, adopted 2024). Timelines per published government materials and may evolve.

Market opportunity

A large, regulation-driven market — sized as ranges.

TAM
Global identity verification

The global identity verification market is estimated in the low tens of billions USD and projected to grow double-digit CAGR through the decade.

Source ranges: Statista / industry reports
SAM
European regulated KYC/KYB/AML

European banks, fintechs, crypto and insurers spending on compliant onboarding and AML screening — a multi-billion EUR served market.

Source ranges: McKinsey / BCG compliance-cost studies
SOM
Swiss + DACH beachhead

Initial focus: Swiss banks and regulated institutions, then DACH — a realistic early obtainable slice measured in the low hundreds of millions CHF.

Source ranges: Swiss Bankers Association / SIX / COMCO

Figures are indicative ranges drawn from published third-party reports, not VerfiX projections. Exact sizing and methodology are provided in the data room.

Where we are

Honest status — building toward first pilots.

Today
  • Prototype in development (biometric ATM MVP)
  • Innosuisse coaching voucher secured
  • Discussions with Idiap and CSEM in progress
  • Based in Trust Valley, Lausanne
Next
  • Complete working MVP on ATM hardware
  • First bank pilot — pilot in progress / targeted
  • Formalize technology collaborations
  • Pre-seed raise
Future
  • Gateway for EU Digital Identity Wallets
  • Expansion across DACH
  • Verification marketplace & Trust Engine as standalone

We do not claim customers, revenue, funding rounds, or regulatory certifications. VerfiX holds no FINMA approval, PCI or eIDAS certification at this stage. Collaboration discussions are exploratory and non-binding.

Team

Founders

Ahmed Alsultan, Founder & CEO

Ahmed Alsultan

Founder & CEO

Leads vision, strategy, partnerships and go-to-market.

Manel Mhamdi, Co-Founder & Business Development

Manel Mhamdi

Co-Founder & Business Development

Drives partnerships, market expansion and commercial execution.

Petter Stahle, Co-Founder & Technology Lead

Petter Stahle

Co-Founder & Technology Lead

Leads platform architecture, APIs and the technical foundations.

The ask

Raising a pre-seed round.

We are raising pre-seed capital to complete the MVP, run our first bank pilot, and formalize technology collaborations. Round size and terms are shared under NDA in the data room.

Request data-room access
Use of funds
Product & MVP completion
First pilot deployment
Core team & engineering
Compliance & security groundwork

Exact allocation provided in the data room.

Investor data room

Cap table, financial model, technical documentation and pilot plan — available to qualified investors on request.

Request access
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