Duna, a European startup tackling business identity verification, has raised €30 million in Series A funding led by CapitalG, Alphabet's growth fund. The round included participation from Index Ventures, with angel investors from both Stripe and Adyen, including Stripe's CTO David Singleton and Adyen's CRCO Mariëtte Swart. Founded in 2023 by former Stripe executives Duco van Lanschot and David Schreiber, Duna addresses the costly and time-consuming Know Your Business (KYB) verification process. The AI-native platform automates enterprise onboarding whilst maintaining compliance standards, serving clients including Plaid and Moss. Duna aims to build a global trust infrastructure where verified company identities can be reused across platforms as a "digital passport". The startup has raised over €40 million total and covers more than 210 local registries across Europe.

Duna Series A funding and what it means for business identity. Duna has raised a 30 million euro Series A led by CapitalG, the growth investment arm connected to Alphabet. This brings its total funding past 40 million euros after a 10.7 million seed round. The round also includes participation from Index Ventures and Puzzle Ventures. This is a category that rarely gets headlines. Business identity verification lives inside compliance and operations, yet it directly affects how fast regulated platforms can onboard customers and start generating revenue. The problem duna is solving. Verifying business customers is rarely straightforward. It involves corporate registries, beneficial ownership checks, document reviews, and frequent manual intervention. For many fintechs and regulated platforms, this creates slow onboarding flows, back and forth with customers, and internal operational burden. Duna builds software to handle know your customer and know your business requirements with a higher level of automation. The aim is to reduce manual work and improve onboarding efficiency for companies that need to verify other businesses. The founders previously worked at Stripe, where they led infrastructure teams. Their experience with building financial infrastructure at scale shaped the view that business identity checks are still handled through fragmented tools and manual processes. Early customers include Plaid, CCV, Moss, Bol, and SVEA Bank. Their adoption points to a shared operational challenge across platforms that onboard businesses at scale. Why the Series A matters. A 30 million euro Series A for a company focused on business identity infrastructure is notable because it highlights investor interest in compliance tooling that sits deep in enterprise workflows. CapitalG's involvement signals confidence from investors familiar with large scale fintech infrastructure. Continued backing from Index Ventures and Puzzle Ventures adds further credibility from funds that have supported many fintech companies through growth stages. Duna plans to use the funding to expand its enterprise capabilities and to work toward a broader vision. The idea is that once a company's identity and its stakeholders are verified, this information could be reused across platforms instead of being repeatedly checked from scratch. If this approach matures, onboarding may become less of a hidden friction point and more of a predictable, manageable process for regulated platforms. Key takeaways for fintech startups. A few points stand out for founders and operators working on regulated products: * Business identity verification remains a major operational bottleneck for platforms that onboard corporate customers. * Automation in know your customer and know your business processes can directly affect onboarding speed and internal workload. * Adoption by established platforms shows this is a recurring, practical problem rather than a theoretical one. * Investor interest in this space reflects the value of solving difficult compliance challenges inside core workflows. * The concept of reusable business identity could reduce duplicated effort across platforms over time. If you are dealing with onboarding, compliance, or identity challenges in your product, contact Your Fintech Story to discuss how to approach these problems in a structured way.

ClearBank strengthens team by hiring Visa's Neil Drennan as CTO. The new CTO aims to drive innovation at ClearBank. * ClearBank appoints Neil Drennan from Visa as CTO. * Drennan to lead technological advancements at ClearBank. * ClearBank aims to boost innovation in the fintech sector. ClearBank has announced that it has appointed Neil Drennan, formerly with Visa, as its new Chief Technology Officer (CTO). This strategic move is part of ClearBank's efforts to enhance its technology and services in the competitive fintech landscape. Drennan brings extensive experience from Visa, where he played a crucial role in driving technology initiatives. At ClearBank, he will focus on advancing the bank's technology infrastructure and product offerings. The appointment is expected to pave the way for new innovations within ClearBank, aligning with its commitment to provide efficient and secure banking solutions. Drennan's leadership is anticipated to strengthen the team's capabilities considerably. Diligent Technical Lead with 9 years of experience in software development. Successfully lead project management teams to build technological products. Exposed to software development life cycle including requirement analysis, program design, development and unit testing and application maintenance. Has worked on Java, PHP, PL/SQL, Oracle forms and Reports, Oracle, Bootstrap, structs, jQuery, Ajax, java script, CSS, Microsoft Excel, Microsoft Word, C++, and Microsoft Office. The layoffs are part of Remitly's efforts to streamline operations and reduce costs.Highlights: Remitly is cutting 110 jobs... Funds will help Duna enhance its business identity solutions.Highlights: Duna secures $30M in funding for growth.Funding will enhance... The Australian bank aims to modernize customer relations with advanced technology.Highlights: ANZ has integrated Salesforce AI into its... Investment aims to accelerate growth of FX risk management solutions.Highlights: Bound has raised $24.5 million in its latest...