Lissi GmbH, a European provider of EUDI Wallet connectivity and verifiable credential technology, has raised €3.5 million in a round led by Ventech, with participation from BM H Beteiligungs-Managementgesellschaft Hessen and existing investors main incubator (Commerzbank Group) and Ninepointfive Ventures. The capital will fuel the development of the platform and product portfolio that helps organizations integrate digital identity wallets and verifiable credentials into their services. Founded in 2019, Lissi focuses primarily on financial institutions.

The funding comes as demand for trusted, interoperable identity solutions grows, driven in part by the upcoming application of the EU Anti-Money Laundering Regulation (AMLR) in July 2027. About 90 per cent of Lissi’s customers come from the financial sector—banks, insurance companies, payment service providers, and trust service providers—with organizations such as itsme and Commerzbank already on board. The company’s EUDI Wallet Connector Suite is designed to enable seamless interoperability between public and private EUDI Wallets across the European Union, supporting deployments in both the public and private sectors.

“Financial institutions need solutions that integrate seamlessly into existing IT environments while allowing them to retain full control over customer data,” said Helge Michael, CEO and Co-Founder of Lissi. “Our platform has been built to meet these requirements: it is eIDAS-compliant, flexible to deploy and aligned with the security and compliance standards of the financial sector.” The trust placed by leading banks and financial service providers, he added, demonstrates the market demand for this approach.

Yet the round signals more than just company growth. With investors from Germany, France and Belgium and a partner network spanning the European Union, Lissi positions itself as an independent, pan-European technology provider for a digital identity infrastructure that does not depend on non-EU platforms. This structural choice goes beyond regulatory compliance: building a sovereign identity layer creates the conditions for personal data and transactions to remain under the control of European organizations, without passing through cloud intermediaries in external jurisdictions. As more enterprises evaluate on-premise deployment precisely for sovereignty and control reasons, software components like Lissi’s become critical enablers, ensuring that identity verification—a horizontal element of every digital service—is not delegated to third parties outside the trust perimeter.

The investment will also support new Open Finance use cases made possible by identity wallets. As European rules tighten, digital identities themselves become strategic assets: those who manage them in a compliant and interoperable way will be able to offer innovative financial services, from selective data sharing to conditional access, without relinquishing data ownership. For observers tracking the rising interest in self-hosted architectures and local AI models, the lesson is clear: digital sovereignty is not just about language models; it encompasses the entire stack of services that enable concrete use cases, starting with identity itself.