LONDON, UK: Anemoi International Ltd (LON:AMOI) has agreed to acquire the entire issued share capital of id4 AG for aggregate consideration of £5.33 million, 50% of which is payable on completion of the acquisition agreement and 50% payable on a deferred basis subject to id4 meeting certain financial targets over the next 5 years.

The consideration payable by Anemoi will be satisfied entirely by the issue of Ordinary Shares to the sellers at a value of £0.04 per share, which in the case of the initial consideration will result in the issue of 66.666 million Ordinary Shares.

id4 is a Software as a Service (SaaS) company operating in the fast-growing global RegTech market which, in 2019, was valued at $5.46 billion and is projected to increase to $28.33 billion by 2027.

The Independent Non-Executive Directors of Anemoi consider the Acquisition to represent a transformational, value enhancing transaction for shareholders.

id4 is specialised in the provision of digital ‎Customer Lifecycle Management (“CLM”) solutions for financial and non-financial ‎institutions, with solutions that help institutions to on-board clients digitally in an increasingly ‎complex regulatory environment, whilst concurrently delivering a client user-friendly ‎experience.

id4’s Anti Money Laundering (“AML”) and Know Your Client (“KYC”) software products are specifically designed for use by small and medium sized ‎regulated financial intermediaries, such as brokers, IFAs, independent asset managers, ‎private banks, business process outsourcers, insurance companies, law firms and trust ‎companies.

In 2020, id4 was nominated as one of the RegTech 100 and received the Best Compliance Solution Award. In 2021, id4 received the Most Innovative Fintech Solution award at the WealthBriefing Swiss Awards.

id4 Co-Founders Sebastien Lalande and Emmanuel Nay, said: “The proposed Acquisition by Anemoi is a major milestone for id4, and we are grateful to investors for backing us. We have spent the past four years building id4 into an innovative and disruptive player in the RegTech market and look forward to transforming id4 into a best-in-class company.

“The fundraising will enable id4 to build on the significant momentum achieved so far. There are many opportunities to capture more market share through increased sales of our core products to increasingly regulated and burdened financial institutions.”

Duncan Soukup, Executive Chairman, said: “The Company is in a robust financial position with a healthy balance sheet and growing revenues. id4 has substantial IP and a flexible modular, no-code platform, which create strong barriers to entry. Management’s significant equity position also fully aligns them with the Company’s shareholders, and we look forward to capitalising on the substantial opportunities for id4’s products and services in the future.”