Amsterdam-based FinTech Duna has raised €30 mn in a Series A round to expand its AI-native business identity platform and develop what it calls a digital passport for every company.
The round was led by CapitalG, Alphabet’s independent growth fund. Existing investors Index Ventures and Puzzle Ventures participated, alongside Frank Slootman, chairman of Snowflake
The company, based in Germany and the Netherlands, was launched in 2023 by Duco Van Lanschot, who was head of Benelux and DACH at Stripe for three years, and David Schreiber, who spent six years at Stripe where he ran the company’s largest global business unit, including the core card payment platform.
In May 2025, the company announced a €10.7 mn Seed Round led by Index Ventures. The latest fundraise brings Duna’s total funding to more than €40 mn.
Duna’s mission is to build global trust infrastructure by providing a digital passport for every business. Over time, this will evolve into a network for shareable identity and one-click onboarding.
Duna’s AI-native business identity platform serves large banks, fintechs, platforms and financial institutions. Customers include large enterprises such as Plaid, CCV (Fiserv), Moss, Bol and SVEA bank, with companies reporting 10.6x faster onboarding and 4.8x productivity gains.
Co-founder Duco van Lanschot said compliance and identity account for 10-20% of a bank’s cost base. Manual systems drive fraud losses, regulatory fines and customer rejection. He argues identity infrastructure is a natural fit for AI automation.
Duna is addressing one of the internet’s biggest unsolved problems: identity. Compliance and identity now consume up to 10-20% of a bank’s total costs.
Duco van Lanschot, Duna founder
“The expensive and manual legacy systems lead to billions lost in fraud, friction, and fines, as well as lost income from refusals of legitimate customers. This makes it an ideal use case for AI automation.”
Against that backdrop, Duna’s €30 mn raise stands out for its size and for its focus on AI-native business identity rather than consumer authentication.
Co-founder David Schreiber said AI accelerates fraud velocity and complexity, increasing demand for secure business identity infrastructure. The company positions its platform as a shift from compliance cost center to revenue enabler.
The need for a secure business identity has never been more urgent: AI has many benefits, but it also enables an acceleration in the velocity and sophistication of fraud. Duna will help companies root out this fraud.
David Schreiber, Duna founder
“We have seen strong traction with leading enterprise customers,” continues Van Lanschot. “The funding will be used to further expand our enterprise capabilities with compliant, auditable AI, while maintaining the high regulatory standards required by banks and large enterprises.”
CapitalG general partner Alex Nichols said most B2B relationships still begin with manual document exchange, creating friction across the digital economy.
Duna plans to use the new capital to expand enterprise functionality, focusing on compliant and auditable AI while maintaining regulatory standards required by banks and large institutions.
Over time, it aims to build a shareable identity network enabling one-click onboarding between businesses.
Duna is an AI-native business identity platform for regulated companies including large banks, fintechs, platforms and financial institutions. Duna enables organizations to understand who they are doing business with through “know your customer” (KYC), “know your business” (KYB), “customer due diligence” (CDD), and “anti-money laundering” (AML).
Duna is backed by Index Ventures and CapitalG, as well as an exceptional group of tech executives from Stripe, Adyen, Anthropic, and Goldman Sachs – including Pieter van der Does (Adyen founder; advisor), Claire Hughes Johnson (Stripe COO), Frank Slootman (Snowflake Chairman).
