Business Identity Startup Duna Raises €30M in Series A Funding

Duna, a European business identity and compliance startup founded by former Stripe executives, has successfully raised €30 million in a Series A funding round led by CapitalG, the independent growth fund of Alphabet — Google’s parent company.

The funding round also saw participation from existing investors including Index Ventures, Puzzle Ventures and Frank Slootman, Chairman of Snowflake, bringing Duna’s total funding to more than €40 million since its launch in 2023.

Solving a Core Challenge: Business Identity for the Internet

Duna was established in 2023 by Duco van Lanschot and David Schreiber, both of whom previously held senior leadership roles at Stripe. The duo identified business identity verification and compliance onboarding as a persistent pain point for regulated organisations such as banks, fintechs, marketplaces and large platforms — workflows that are often manual, costly and fragmented.

The startup’s mission is ambitious: to build global trust infrastructure by providing a digital passport for every business, enabling companies to onboard new partners, vendors and customers quickly and securely without repetitive documentation. Over time, Duna aims to evolve this into a shareable identity network that supports one-click onboarding across platforms.

What Duna’s Platform Does

Duna’s AI-native business identity platform is designed to help regulated enterprises automate and secure key compliance workflows such as:

• Know Your Customer (KYC) checks
• Know Your Business (KYB) verification
• Customer Due Diligence (CDD)
• Anti-Money Laundering (AML) screening

The platform replaces manual, legacy systems that can delay onboarding, increase costs and create vulnerabilities to fraud — a problem that industry leaders estimate can consume up to 10–20 % of a bank’s operating costs.

Duna’s existing customer base already includes enterprises such as Plaid, CCV (Fiserv), Moss, Bol and SVEA Bank, with clients reporting significantly faster onboarding and productivity gains after adopting the solution.

Strategic Significance of the €30M Funding Round

The Series A financing — led by CapitalG — signals strong investor confidence in Duna’s vision and its potential to reshape how identity and compliance are handled across digital industries. CapitalG, known for backing major growth stage technology companies, brings not only capital but strategic insight and connections that could help Duna scale globally.

Existing investor support from Index Ventures and Puzzle Ventures further underscores the startup’s market traction and growth potential in a sector growing in importance as regulatory requirements tighten worldwide.

According to founders, the fresh funding will be used to:

• Expand enterprise-grade capabilities with compliant, auditable AI
• Accelerate global growth into new geographies and regulated industries
• Maintain high regulatory and security standards required by large banks and enterprises

Why Business Identity Matters Now

In today’s digital economy, businesses increasingly interact across borders, platforms and ecosystems. However, verifying the legitimacy, ownership and compliance status of commercial entities remains complex and often costly — especially when done manually or through siloed systems. Duna’s platform aims to turn this process into a scalable, automated, and trusted infrastructure layer.

Founders describe business identity as one of the internet’s “biggest unsolved problems”, noting that legacy methods not only cause inefficiencies but also leave organisations exposed to fraud, regulatory fines and lost revenue due to refusals of legitimate prospects. By streamlining these processes with AI-powered automation and shared identity infrastructure, Duna seeks to unlock significant economic value for clients while lowering operational risk.

Founders and Leadership Vision

Duco van Lanschot, who led Stripe’s Benelux and DACH regions, and David Schreiber, who spent six years leading major global business units at Stripe, bring deep payments, compliance and technology expertise to Duna’s strategy. Their background in building scalable, developer-friendly fintech infrastructure influences the company’s product design, emphasising automation, auditability and enterprise readiness.

The founders believe that building a digital passport for every business will ultimately reduce the costs associated with onboarding and compliance, turning a historically burdensome function into a core driver of business efficiency and revenue.

Industry Context and Market Opportunity

Duna’s focus on business identity places it within the broader RegTech and compliance automation sector, which has gained momentum as digital transformation accelerates and regulatory scrutiny increases globally. Many traditional systems remain manual and opaque, creating demand for modern, programmable identity solutions that reduce friction without compromising security.

The company’s ambitions stretch beyond simply replacing existing tools — its long-term vision envisions an interconnected identity ecosystem where verified business credentials can be reused safely across platforms, much like a digital passport. If successful, this could become foundational infrastructure for digital commerce and trusted interactions across industries.

Looking Ahead

With its newly raised capital and experienced founding team, Duna is poised to expand its platform’s reach, deepen integrations with regulated enterprises, and push forward toward its goal of building a global shareable business identity network. As enterprises continue to prioritise compliance automation and fraud prevention, demand for robust identity infrastructure solutions like Duna’s is expected to grow.

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