• European Investor Consortium: Pan-European lead investor Ventech and BM H Beteiligungs-Managementgesellschaft Hessen invest in the wallet infrastructure provider Lissi GmbH, strengthening Europe's digital sovereignty.
• Focus on Regulated Market: With this new round of funding, Lissi aims to become the market leader in EUDI wallet integrations in the financial sector and strengthens its position as a provider already trusted by numerous large financial companies.
• Product Offensive: Lissi is expanding its Wallet Connector Suite with a new Software Development Kit (SDK), enabling financial institutions to embed ID-wallet functionality directly into their existing mobile applications.

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Lissi GmbH, European pioneer in the field of EUDI wallet connection and verifiable credentials, announces the successful closing of a new funding round of 3.5 million euros. The round is led by the European venture capital firm Ventech, joined by BM H Beteiligungs-Managementgesellschaft Hessen, together with existing investors main incubator (Commerzbank Group) and Ninepointfive Ventures.

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With this investment, Lissi is sending a clear signal for sovereign European digital identity. With investors from three different EU countries (Germany, France, Belgium) and a partner network across the entire EU, Lissi is deliberately positioning itself as an independent, pan-European platform alternative.

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The AMLR clock is ticking: Enormous need for action in the financial sector
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The timing of the financing round could hardly be more relevant. On July 10, 2027, the EU Anti-Money Laundering Regulation (AMLR) will begin to apply, accelerating demand for trusted digital identity solutions across the financial sector. As banks and financial service providers prepare for the new regulatory framework, interoperable eIDAS-compliant identity solutions are becoming increasingly important.

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Already today, 90 percent of Lissi's customers come from the financial sector. These include banks, insurance companies, payment service providers, identity verification providers and qualified trust service providers - including market leaders such as itsme and Commerzbank. Building on this, Lissi is using the new financing funds specifically to provide financial institutions with a practical solution for meeting AMLR requirements and to enable new business models in the area of Open Finance with identity wallets.
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"We won the German Federal Government's EUDI Wallet Challenge in 2025. Based on this experience, we are further expanding our EUDI Wallet Connector Suite and have started developing our own Software Development Kit. With this, financial companies can integrate all functionalities of modern identity wallets directly into their own apps," explains Sebastian Bickerle, CTO and co-founder of Lissi. "This means that in the future, any banking app can be expanded into an ID wallet in
no time at all."
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Connectivity for all European wallets
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‍Lissi's goal is to enable seamless interoperability across public and private EUDI Wallets throughoutthe European Union with its EUDI Wallet Connector Suite, supporting deployments across memberstate implementations in both the public and private sectors.

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Helge Michael, CEO and co-founder of Lissi, emphasizes the strategic orientation:

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_{"Financial institutions need solutions that can be seamlessly integrated into existing IT landscapes and at thesame time allow them full control over their customer data. Our platform was developed exactly forthese requirements: eIDAS-compliant, flexibly deployable and aligned with the high security andcompliance standards of the financial sector. The trust of numerous banks and financial serviceproviders shows that this approach is well received in the market."}

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Stephan Wirries, General Partner at Ventech:

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_{“We’re thrilled to back the Lissi team. Many of their competitive advantages are based on the fact that Adrian, Sebastian and Helge aren’t theorizing about bank compliance — they initially built from inside Commerzbank, which means they understand bank IT priorities at a level that is hard to attain for outsiders. Their SDK approach, turning existing banking apps into wallets that will work across all European member state markets, will help regulated customers to leverage eIDAS compliant flows even further."}

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Stephan Groß, Senior Investment Manager at BM H:

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_{“Lissi is an excellent example of the kind oftechnology company we aim to support: rooted in Hesse, built on strong domain expertise andaddressing a clear European market opportunity. The team has developed a highly relevantinfrastructure solution for regulated industries and has already gained the trust of importantmarket participants. We are pleased to join Ventech and the existing investors in supporting Lissi'snext stage of growth.”}

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Social Proof and Strong Ecosystem

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Lissi has been active in the field of digital identities since 2019 and has contributed to the development of the European EUDI Wallet ecosystem from an early stage, initially as part of the Commerzbank Group. As lead of the IDunion research project, the company contributed to key technical components that are used in European digital identity wallets today. Lissi also participated in the European Large Scale Pilots EWC and POTENTIAL and continues to contribute to new standards, interoperability, and technical capabilities for EUDI Wallets through the ongoing WE BUILD consortium.

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"As an active contributor to various EUDI wallet initiatives in the EU, Lissi combines proximity to standardization with practical implementation experience. We have already realized projects with more than 30 organizations from 10 member states or are working with them on the integration of EUDI wallets," says Adrian Doerk, Co-Founder and Chief Marketing Officer of Lissi.

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About Lissi GmbH

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Lissi is a European, independent provider for the integration of EUDI wallets into digital processes and enjoys the trust of large financial institutions and identity verification providers (IDVs). The flagship product, the EUDI Wallet Connector Suite, enables seamless integration of the EUDI wallet into key workflows such as KYC, strong customer authentication (SCA) or the issuance of digital credentials - with integrated multi-tenancy and white-labeling functions at the highest level of compliance. The software can be operated on-premises or in controlled private cloud infrastructures, thus enabling institutions full control over their own customer data.

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Lissi has been working on digital identity infrastructure since 2019 and helped shape the development of the European ID wallet ecosystem at an early stage. As leader of the IDunion research project, Lissi was involved in the development of important technical protocols that are used in EUDI wallets today.

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Following the spin-off from the Commerzbank Group in 2023, Lissi was named the winner of the German EUDI Wallet Challenge in 2025 and today supports numerous financial institutions in connecting the EUDI wallet to their processes. Beyond this, the company continues to play an active role in the further development of technical standards and interoperable solutions and is involved, among others, in the EU's Large Scale Pilot "We Build".

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About Ventech

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Ventech is a well-established early-stage venture capital firm in both Europe and Asia with a strong digital focus. Founded in 1998, Ventech backs the most innovative and visionary tech entrepreneurs in diverse sectors with a global ambition. With its dual structure platform, Ventech has dedicated funds for Europe (Paris, Munich, Berlin, Helsinki & Stockholm) and Asia (Shanghai and Hong Kong).
Since its inception, Ventech has raised nearly 1B€ and has realized over 320 investments, (including Vestiaire Collective, Prewave, Ogury, The Custimization Group, Veo Technologies, Reveal, Speexx, Keep) and over 180 exits(Believe (BLV.PA) – listed on Euronext; Arteris (AIP) listed on Nasdaq;
FintecSystems; Withings; 4 Stop, etc.).

For more information, visit www.ventechvc.com. Follow us on LinkedIn and Twitter @Ventech_VC

Media Contact Ventech:
Yakun WAN, Head of Marketing & Communications | [email protected] | +33 6 16 44 14 87

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About BM H Beteiligungs-Managementgesellschaft Hessen

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BM H Beteiligungs-Managementgesellschaft Hessen mbH is a Wiesbaden-based investment and venture capital firm founded in 2001 and a wholly owned subsidiary of Helaba. BM H currently manages six investment funds with a total volume of €450 million and has invested in more than 500 companies since its inception. Its investment focus includes software/analytics, fintech/insurtech, digital health/medtech, deep tech, IoT/industrial tech and cleantech.

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More information: www.bmh-hessen.de.