Finch-backed Fourthline completes merger with Veridas, backed by up to €65 million financing
Amsterdam-based Fourthline and Pamplona-based Veridas, a digital identity verification provider, have completed their merger, backed by up to €65 million in financing.
Fourthline, founded in Amsterdam in 2017, is backed by Finch Capital, which is an existing shareholder. Veridas, founded in 2017 as a joint venture with BBVA, serves more than 350 clients in banking, insurance, telecoms and public administration. Paul Stoddart, Fourthline's CEO, will lead the combined company as CEO, and Veridas CEO Eduardo Azanza will become president. Seaya Andromeda is making a new equity investment.
A financing package of up to €65 million comes from Finch Capital, Seaya Andromeda and Ashgrove Capital, and will fund product development, M&A, debt refinancing and partial liquidity for Veridas shareholders. The companies expect €20 million in annual run-rate synergies. TD Securities advised Veridas, and several law firms advised the parties.
Deal facts
- Target
- Veridas
- Business
- Identity verification, biometrics and fraud prevention technology provider founded in 2017 as a joint venture with BBVA, serving over 350 clients in 25 countries
- Buyer
- Fourthline
- Sponsor
- Finch Capital, Seaya Andromeda
- Deal type
- Merger
- Headquarters
- Pamplona, Spain
- Advisers
- TD Securities financial adviser to Veridas
- Pérez-Llorca legal counsel to Veridas
- AKD legal counsel to Veridas
- Orange Clover legal counsel to Fourthline
- Act Legal Spain legal counsel to Fourthline
- Lexense legal counsel to Finch Capital
- Status
- Completed
- Announced
- Tuesday, November 3, 2026
Sources
- FinanzNachrichten.deNov 3, 2026
- Business WireNov 3, 2026
- FourthlineNov 3, 2026
- Business Wire via Yahoo FinanceNov 3, 2026
- Business WireNov 3, 2026
Written by Buyout Desk from the sources above. Spotted an error? Email corrections@buyoutdesk.com.