Stripe alumni raise €30M Series A for Duna, backed by Stripe and Adyen execs

European tech has seen a significant boost with business identity verification startup Duna securing a €30 million Series A funding round. This substantial investment, led by CapitalG and notably backed by executives from industry giants Stripe and Adyen, underscores growing confidence in homegrown European digital solutions. The funding positions Duna as a key player in the burgeoning market for robust digital identity management, a critical component for secure online transactions and regulatory compliance. Duna's platform specializes in verifying business identities, a complex process involving a suite of sophisticated identity checks and document analysis. The startup leverages advanced algorithms and machine learning to automate and streamline these verifications, aiming to reduce friction for businesses operating online. This technological approach is designed to combat fraud and ensure compliance with increasingly stringent Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations across the continent. The implications of Duna's success extend to the broader European digital ecosystem, particularly for businesses seeking to establish trust and security in their online operations. By providing a reliable verification service, Duna empowers fintech companies, e-commerce platforms, and SaaS providers to onboard customers more efficiently and with greater assurance. This development contributes to the goal of fostering European digital sovereignty by offering alternatives to non-European identity verification solutions.