Fourthline and Veridas complete their merger to create a European identity and fraud prevention group

What is new: Fourthline and Veridas closed their merger on 3 November, after announcing the agreement on 16 July. Paul Stoddart, Fourthline's CEO, leads the combined company as CEO, and Veridas CEO Eduardo Azanza becomes President. It is headquartered in Amsterdam.

Existing shareholder Finch Capital provides funding of up to €65 million, Seaya Andromeda makes a new equity investment and Ashgrove Capital provides debt financing. Radboud Vlaar of Finch Capital chairs the Supervisory Board.

The group projects combined 2026 revenue above €50 million, with both businesses EBITDA-positive at closing, and targets €85 million of annual recurring revenue in 2029 and €20 million of annual run-rate synergies. It serves 50-plus countries. Fourthline's clients include Revolut, N26, Trade Republic, Qonto and Rabobank, and Veridas serves more than 350 clients across banking, insurance, telecoms and public administration.