Stripe Alumni Secure €10.7 Million Funding for Innovative Business Identity Startup
Duna’s innovative platform for compliant business identity is transforming how companies navigate regulatory challenges. Major enterprises like Plaid, Bol, Moss, Sequra, and Brand New Day Bank have already adopted Duna’s solutions to comply with stringent regulations such as AMLD5/6, PSD2/3, DAC7, DORA, and the Supply Chain Transparency Act.
About Duna and Its Founders
Duna was founded by industry veterans David Schreiber and Duco van Lanschot, both of whom were early employees at Stripe and held executive positions at Trade Republic Bank and Fourthline. Their vision is to create a network for shareable business identity that simplifies the identification process to just two clicks.
Transforming Business Identity
In today’s rapidly evolving AI landscape, Duna is pushing the boundaries of business identity management. “We generate flawless images without a camera and draft legal arguments without a day in law school,” said David Schreiber. “Yet, when it comes to business identity, we’re still stuck in the era of spreadsheets.” Duna aims to revolutionize this space by streamlining what has traditionally been a paper-heavy compliance analysis, eliminating the need for manual work.
Future of Digital Passports for Businesses
Duna is committed to building a future where businesses possess digital passports. This innovation will enable companies to identify themselves instantly, securely, and universally.
Increased Onboarding Conversions
Clients utilizing the Duna platform have experienced significant benefits, including an average uplift of 38% in onboarding conversions within six months of implementation. Zak Lambert, VP EMEA at Plaid, remarked, “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.”
Conclusion
As businesses continue to face evolving regulatory requirements, platforms like Duna are essential in simplifying compliance and enhancing operational efficiency. For more information on Duna and its offerings, visit their official website at Duna.
