Stripe alumni raise €10.7 million for business identity startup
Duna, a business identity startup founded by former Stripe staffers, has raised €10.7 million in a Seed funding round led by Index Ventures.
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Duna's platform for compliant business identity has already been implemented by large enterprises like Plaid, Bol, Moss, Sequra, and Brand New Day Bank for adherence to increasing regulation like AMLD5/6, PSD2/3, DAC7, DORA and the Supply Chain Transparency Act.
Duna's founders David Schreiber and Duco van Lanschot were early Stripe-employees and held C-suite roles at Trade Republic Bank and identity company Fourthline. Ultimately they aim to build Duna's product into a network for shareable business identity: making business identification as simple as two clicks.
'In a fast-moving AI landscape, we generate flawless images without a camera and draft legal arguments without a day in law school. Yet when it comes to business identity, we're still stuck in the era of spreadsheets. Duna helps businesses drive historically paper-heavy compliance analysis without requiring manual work', said David Schreiber, Duna's founder. 'We're building a future where businesses do have digital passports - so businesses can identify themselves instantly, securely, and universally."
Clients who have implemented the Duna platform have reported an avergae uplift of 38% in onboarding conversions within six months of going live.
Zak Lambert, Plaid's VP Emea states: 'Business onboarding used to be a cost center for Plaid. Now, it's a revenue driver thanks to Duna's intuitive onboarding flows, compliance automation, and high-end UX.'
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