Three large banks from Poland together with two venture capital funds will take over a minority stake in Autenti for PLN 17 million
During today's press conference, the CEO's of Alior, BNP Paribas in Poland and PKO BP confirmed the information of cashless.pl from a few days ago about the joint business initiative of these three banks. Representatives of these institutions informed about the investment in the Polish startup Autenti, offering an electronic signature service.
Related: ING introduces behavioural biometry
According to information provided during the press conference, banks along with two venture capital funds, Innovation Nest and Black Pearls, took over a minority stake in Autenti for PLN 17 million. The money is to allow the company to expand its scale of operations, as well as to extend its offer outside of Poland. All banks will also use the potential of Autenti to service clients and in internal processes, e.g. to sign employment contracts with employees.
The investment of Aliora, BNP Paribas and PKO in Autenti is one of the first examples of investments of several banks in Poland which compete with each other on a daily basis in one entity. Another example is the Polski Standard Płatności (Polish Standard Payments) company established a few years ago - the Blik system operator. Representatives of investors and Autenti now hope that Blik's success will be repeated and developed a new standard of electronic signature on the Polish market, which will also be used by other banks.