Duna’s German and Dutch co-founders both had senior roles at Stripe in the past.
Dutch-German fintech start-up Duna has raised $30m in a Series A funding round led by CapitalG, the investment arm of Google parent company Alphabet.
The round also included existing investors like Index Ventures and Puzzle Ventures, and brings total funding for Duna to more than $40m since its launch in 2023.
The company was co-founded by Duco van Lanschot and David Schreiber, who each previously had senior roles at payments company Stripe.
Duna aims to simplify and standardise user and business experience around identity and compliance. It said it will “build global trust infrastructure by providing a digital passport for every business” and create “a network for shareable identity and one-click onboarding” through its AI-native platform.
Its target customer base encompasses regulated companies such as large banks and other financial institutions.
“Duna is addressing one of the internet’s biggest unsolved problems: identity,” said van Lanschot. “Compliance and identity now consume up to 10-20pc of a bank’s total costs.
“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.”
The platform aims to increase organisations’ awareness of their customers’ identities and activities to help tackle issues such as money laundering.
“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,” said Schreiber.
“Duna will help companies root out this fraud. We are turning a decades-old compliance cost centre into a core revenue driver.” Duna’s customers include the likes of Plaid, Adyen and Bol.
Aside from venture fund investment, the company has backing from individuals with career background and experience at the likes of Goldman Sachs, Anthropic, Stripe and Snowflake.
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