Overview
- Verimi announced it will stop business operations at the end of 2026 while keeping all services running through December 31, 2026 to avoid immediate disruption for customers and partners.
- The company says the decision reflects changed regulatory and market conditions in Europe rather than poor finances, noting it reached break‑even in 2024 and has operated profitably since then.
- Verimi pointed to the revised eIDAS framework and the planned EUDI‑Wallet implementation by the state agency Sprind plus new European AML requirements as the main factors that weaken its business model.
- About 80 employees work at Verimi’s Berlin site and the firm says it will seek socially acceptable transition arrangements and new professional opportunities for those staff.
- Founded in 2018 as a joint venture and a pioneer of ID‑wallets in Germany, Verimi’s exit could affect ongoing projects with partners such as T‑Systems and major insurers including Barmer and AOK and may change supplier dynamics in the digital‑ID market.