VIENNA, [April 25th, 2024] — SONIO, a leading identity orchestration platform based in Vienna, is pleased to announce a strategic investment from an international active investment firm specialized in innovative technology with high growth potential. The investment will support SONIO’s mission to optimize the customer onboarding experience, particularly focusing on the burgeoning sports betting and fintech market.
SONIO’s technology streamlines the onboarding process by simplifying the complex requirements of identity verification necessary for regulatory compliance. This enhancement is crucial for online businesses, notably in sports betting, where companies like Tipico have already experienced significant benefits in customer onboarding and compliance through SONIO’s platform.
Hasan Azeza, COO of SONIO, expressed enthusiasm about the partnership, stating, “We are thrilled to welcome our new partners as strategic investors. Their confidence in our technology and business model not only fuels our growth but also empowers us to expand our innovative solutions globally. This partnership will accelerate our development and help us serve more online platforms across various regulatory landscapes.”
Xhejn Dule, CSO of SONIO, also highlighted the importance of this milestone by adding that it is, “A true testament to the potential SONIO holds, which will further enable our growth ambitions and our dedication to superior technological offering for our clients.”
SONIO aligns perfectly with the investors commitment to supporting technologies that streamline critical business operations. SONIO’s focus on reducing friction in customer onboarding processes and enhancing compliance with international standards is what makes it a standout in the market. It is a very timely and innovative solution to address these complex challenges in global markets.
The funding will be directed towards advancing SONIO’s technological capabilities, increasing its international presence, and expanding its service offerings to meet the needs of a wider range of regulated online businesses.
About SONIO:
SONIO is a premier identity orchestration platform based in Vienna, specializing in optimizing customer onboarding experiences for regulated online businesses. By balancing regulatory compliance with user experience, SONIO helps businesses enhance customer retention and satisfaction while reducing compliance complexity in the backend.
For media inquiries, please contact: contact@sonio-group.com
