Hedman Partners advised GetID (VORLD OÜ and its fully owned subsidiary GetID OÜ) in entering into an agreement for being acquired by Checkin.com Group for the purchase price of EUR 8.1 million, where EUR 5.5 million is paid in consideration shares in Checkin.com Group and EUR 2.6 million in existing cash and cash equivalents.
GetID OÜ, founded in 2019, is a tech company offering innovative and leading AML and KYC compliance solution that streamlines the customer onboarding process, manages and mitigates compliance risks, and can be tailored to your needs.
Checkin.com Group, listed in Nasdaq First North Growth Market, is a software company which’s SaaS solution combines multiple UX systems, data sources, and identity solutions to instantly configure the best possible experience for each end-user at the point of check-in. Checkin.com Group is headquartered in Stockholm, Sweden.
For more information please refer to: https://view.news.eu.nasdaq.com/view?id=b36c3f26bf3476fa8b3208b53c2863d00&lang=en.