European fintech startup Duna, which was founded by former executives from Stripe, has successfully secured €30 million in a Series A funding round. This significant milestone propels its mission to revolutionize the way businesses verify and onboard corporate clients. The funding underscores the increasing demand for efficient compliance infrastructure as fintech companies and digital platforms continue to grow on a global scale.
The funding round was spearheaded by CapitalG, which is Alphabet’s growth investment arm, and saw enthusiastic participation from key figures throughout the payments industry. Notable backers include both current and former executives from Stripe and Adyen, two of the biggest names in payment processing. This backing really highlights the strong confidence the industry has in Duna’s vision and its ability to execute on it.
Duna, co-founded by former Stripe team members Duco van Lanschot and David Schreiber, is all about making Know Your Business (KYB) processes easier. These processes involve the complicated regulatory checks needed to verify companies before they can become customers. Unfortunately, they tend to be scattered, manual, and expensive, especially for businesses that operate in different regions. Duna’s platform is here to change that, offering a streamlined, automated solution that fits right into existing workflows.
At the heart of what Duna offers is a smart API-driven system that checks business identities, ownership structures, and regulatory requirements in real time. The company is also aiming to create a reusable business identity network, which would let verified companies share their credentials across different platforms without having to go through the same compliance steps again. If this catches on, it could really ease the onboarding process and enhance regulatory oversight.
The startup has attracted early customers from fintech and infrastructure sectors, which often struggle with heavy compliance demands as they expand. Duna claims that by streamlining onboarding processes and cutting down on manual reviews, it enables businesses to grow more quickly while keeping robust risk management and audit readiness in check.
Investors are recognizing this opportunity as part of a larger transformation in the financial services landscape. Compliance is shifting from being seen as just a back-office expense to becoming a vital component of digital infrastructure. With regulators pushing for more transparency and platforms welcoming increasingly complex business clients, automated Know Your Business (KYB) tools are becoming a must-have.
Duna is gearing up to put the new funding to good use by expanding its engineering and product teams, enhancing its regulatory reach throughout Europe, and boosting customer growth. The company also plans to invest in partnerships that will help broaden its identity network across financial services, SaaS, and marketplace platforms.
Duna is making a name for itself as a key player in the evolving world of compliance infrastructure, thanks to support from some of the biggest names in global payments. This area is gaining a lot of attention as the fintech industry grows and regulations become stricter around the globe.
