Former Stripe Executives Raise €30 Million to Build Digital Business Passports

2026-02-06 data

Amsterdam, Friday, 6 February 2026.
Two Stripe veterans have secured €30 million in Series A funding for Duna, their Amsterdam-based fintech that creates AI-powered digital identity verification. Companies using their platform report 10.6 times faster business onboarding and nearly five times productivity gains, addressing a costly problem where identity compliance consumes up to 20% of banks’ operating costs.

CapitalG Leads €30 Million Investment Round

On February 5, 2026, Duna announced the completion of its Series A funding round, led by CapitalG, Alphabet’s independent growth fund [1][2][7]. The round attracted participation from existing investors Index Ventures and Puzzle Ventures, alongside industry heavyweight Frank Slootman, Chairman of Snowflake [1][4][7]. This latest fundraise brings Duna’s total funding to more than €40 million [4], following a €10.7 million seed round raised in May 2025 that was led by Index Ventures [1][2].

Solving the Internet’s Identity Crisis

Duna was founded in 2023 by Duco van Lanschot and David Schreiber, both former Stripe executives who witnessed the scale of business identity verification challenges firsthand [1][2][6]. Van Lanschot previously led Stripe’s operations in the Benelux and DACH regions, while Schreiber managed the company’s largest global business unit [6]. The founders identified what they describe as “one of the internet’s biggest unsolved problems: identity,” with compliance and identity verification consuming up to 20 percent of a bank’s total operating costs [1][4]. Van Lanschot explains that “expensive and manual legacy systems lead to billions lost in fraud, friction, and fines, as well as lost income from refusals of legitimate customers” [4].

AI-Powered Platform Delivers Measurable Results

Duna’s AI-native business identity platform serves major financial institutions including Plaid, CCV (Fiserv), Moss, Bol, and SVEA Bank [1][2][6]. The platform addresses key regulatory requirements such as Know Your Business (KYB), Know Your Customer (KYC), Anti-Money Laundering (AML), and Customer Due Diligence (CDD) [2][6]. Companies implementing Duna’s technology report significant operational improvements, with onboarding processes accelerated by 10.6 times and productivity gains reaching 4.8 times compared to traditional methods [1]. Unlike conventional compliance tools, Duna positions itself as building a network rather than simply automating verification processes [6].

Strategic Vision for Global Trust Infrastructure

Co-founder David Schreiber emphasizes the urgency of their mission, stating that “AI has many benefits, but it also enables an acceleration in the velocity and sophistication of fraud” [1]. The company’s long-term vision extends beyond individual verification to creating what they term a “digital passport for every business” that could enable one-click onboarding across a global network [1][2][4]. CapitalG General Partner Alex Nichols validates this approach, describing Duna as “building the internet’s missing ‘one click’ identity network” [1][2]. The fresh funding will be deployed to expand enterprise capabilities with compliant, auditable AI while maintaining the regulatory standards demanded by banks and large financial institutions [2]. Schreiber positions the solution as transforming “a decades-old compliance cost center into a core revenue driver” [1], reflecting the company’s strategy to reframe identity verification from a regulatory burden into a competitive advantage.

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fintech artificial intelligence