Cloud-based payments provider Checkout.com is acquiring French digital identity verification startup ubble.

The deal will enable Checkout.com to better support the payment journey, by ensuring merchants and FinTechs are compliant with local regulations, can verify that their customers are who they say they are, and can stay ahead of changes to the EU and global regulatory landscape in the future.

Founded in 2018, ubble has almost 100 people employed in its French offices. The company's flagship solution enables the automated verification of a user's identity for over 2,000 types of documents from 214 countries and territories, using machine learning.

Meron Colbeci, chief product officer at Checkout.com, said:"ubble was founded to provide people with the convenience and security of using their personal identity in the digital world, and that is clearly becoming a growing need for e-commerce and crypto merchants, digital wallets and other FinTechs we serve."

"We can significantly accelerate ubble’s already ambitious roadmap and bring the benefit of their cutting-edge technology to our thriving ecosystem of merchants."

ubble chief executive François Wyss added: "With the acquisition we can increase the velocity of our identity verification journey, and help to evolve the Checkout.com payments technology stack even further, amplifying and extending our collective reach to benefit merchants around the world."

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