LOQR
LOQR is the leading digital onboarding platform for financial institutions provides a fully compliant end-to-end platform that allows banks and other highly regulated verticals to take the next step to a digital business.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
€8.0m | Series A | ||
| Total Funding | 000k | ||
| EUR | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 184 % | 397 % | 56 % | 28 % | 42 % | 27 % | (95 %) |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 11 % | (5 %) | 5 % | 2 % | (18 %) | (48 %) | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 1 % | (20 %) | (8 %) | (14 %) | (32 %) | (67 %) | 1 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article
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LOQR, founded in 2015 by Ricardo Costa, is a company operating in the digital identity and cybersecurity space, with a specific focus on the financial services industry. The firm provides a platform that enables banks and financial institutions to digitize and automate their customer-facing processes, such as account opening and online credit applications. This is achieved through a low-code/no-code platform that integrates various digital identity verification and authentication methods. The platform's core functionality is to allow financial institutions to create secure and streamlined digital onboarding and engagement journeys for their customers without requiring extensive in-house development.
The company's service portfolio is built around three main pillars: Journey as a Service, Data as a Service, and Trust as a Service. The Journey as a Service offering provides pre-built, customizable workflows for processes like customer onboarding. Data as a Service allows for the validation of customer data against official sources, while Trust as a Service incorporates a range of security features including qualified electronic signatures and advanced authentication mechanisms to ensure compliance and prevent fraud. LOQR's business model is primarily subscription-based, where clients pay for access to the platform and its various modules. This approach allows financial institutions to select and implement the specific functionalities they need, creating a tailored solution for their digital transformation strategies.
The target market for LOQR consists of banks, credit unions, and other financial services providers that are looking to modernize their operations and improve the customer experience. By offering a comprehensive and integrated platform, the company helps its clients accelerate their digital adoption, reduce operational costs associated with manual processes, and comply with regulatory requirements such as KYC (Know Your Customer) and AML (Anti-Money Laundering). Significant milestones for the company include securing a €8 million Series A funding round led by EDP Ventures and Iberis Capital, which has supported its expansion efforts in the European market.
Keywords: digital identity, cybersecurity, financial services, customer onboarding, low-code platform, identity verification, electronic signatures, regtech, fintech, API integration