Evrotrust Leads the Rollout of EU Digital Identity and eIDAS 2.0 Adoption, Secures EUR 6.6M

• Evrotrust raises EUR 6.6M from 3TS Capital Partners to expand across Europe
• The company provides EU-notified digital identity, qualified signatures, and reusable verification solutions
• The focus is placed on eIDAS 2.0 compliance, secure mobile onboarding, and wallet-ready credentials
• The planned expansion targets CEE and DACH markets via strategic partnerships across public and private sectors

This November, Evrotrust—the Sofia-based European Identity and Qualified Trust Service Provider (QTSP)—attracted a EUR 6.6M round of investment. The sole announced investor is the well-known Austrian fund 3TS Capital Partners (invested in the renowned SALESmanago, among others).

Founding Vision: Law Meets Technology

Evrotrust was founded in 2015 at the intersection of law and technology by Professor Georgi Dimitrov (Chairman of the Board of Directors) and Konstantin Bezuhanov (CEO), who shared a common vision that secure and user-friendly digital identity would become a foundation of the modern digital economy.

Professor Dimitrov brought decades of expertise in ICT law and deep involvement in shaping European digital legislation, having led working groups responsible for drafting key frameworks that later evolved into today’s eIDAS regulation. Mr Bezuhanov, in his turn, came from a background in finance, e-government, and digital transformation, combining a grounded analytical mindset with a practical understanding of how technology can simplify complex regulatory processes.

The two recognized a major gap: while many countries were pushing for digital transformation, the lack of a trusted, fully remote way to verify identity and sign documents was holding progress back.

‘We were convinced that if identity verification could be done as easily and securely on a phone as it could in person, it would unlock the true potential of digital services in both the public and private sectors. That insight became the foundation for Evrotrust: a company built to bridge the gap between regulation and technology, combining legal precision with technological innovation,’ Mr Dimitrov recalls.

Steady Growth, Serving Millions Across Borders

The founders describe Evrotrust’s development so far as one marked by steady growth, technological innovation, and a clear focus on regulatory excellence. The company became the first and only Bulgarian electronic identification scheme officially notified by the European Commission under the eIDAS regulation, providing a digital identity with the highest level of assurance recognized across the EU. It is also a qualified trust service provider authorized to issue qualified electronic signatures and timestamps, and a pioneer in developing reusable digital identity solutions that allow users to verify themselves securely across multiple services and jurisdictions.

According to the company’s numbers, Evrotrust now serves more than 1.8 million users across 63 countries and partners with leading financial institutions, telecom operators, and public sector organizations. The company’s ecosystem has processed more than 21 million electronic signatures, supporting secure digital transformation across various sectors where trust and compliance are critical.

Usability and Trust

The need arises to balance the possible tension between usability (friction-free onboarding, minimal user friction) and the high assurance / qualified electronic signature / trusted service obligations required under eIDAS 2.0. According to Evrotrust, the company balances usability and high assurance through the ‘security by default, usability by design’ approach. Namely, Evrotrust performs fully remote identity verification that combines liveness detection, advanced document checks, and strong encryption to confirm a person’s identity with a high level of assurance. Importantly, this process needs to take place only once when the user creates their profile, and the verified identity can then be securely reused across multiple public and private services. This eliminates repeated KYC loops without compromising trust or compliance.

Evrotrust optimized its mobile-first onboarding to minimize drop-offs while fully meeting KYC, AML, and eIDAS 2.0 requirements. The qualified services stack includes qualified electronic signatures (QES), qualified timestamps, and qualified electronic delivery, operating within a single audit-ready platform that combines regulatory compliance with seamless user experience.

Cybersecurity and Compliance at Every Layer

‘Central for digital identity wallets, cybersecurity and data protection are embedded in every layer of Evrotrust’s technology and operations. As a Qualified Trust Service Provider and an EU-notified eID scheme, we operate under strict European supervision and comply with eIDAS 2.0, GDPR, and AMLD6 requirements. Our infrastructure uses advanced encryption, multi-factor authentication, and continuous monitoring to prevent unauthorized access and detect potential threats in real time, with regular independent audits verifying the effectiveness of our controls,’ Mr Bezuhanov assures.

Identity fraud gets addressed through high-assurance verification methods, including robust liveness detection and document authenticity checks. To reduce cross-border data risks, Evrotrust applies principles of data minimization and reuse, ensuring that sensitive information is not repeatedly stored or transmitted across different systems. This approach allows Evrotrust to maintain compliance, resilience, and trust as cybersecurity and regulatory landscapes evolve.

Preparing a Welcome for eIDAS 2.0 and EU Digital Identity Wallets

Meanwhile, the EU is pushing the rollout of its updated digital identity framework — eIDAS 2.0, mandating at least one national digital identity wallet by the end of 2026. By March 2027, public institutions and regulated private sectors must be prepared to accept and use these wallets. In view of this, the new funding is meant to speed up Evrotrust’s expansion and facilitate support for businesses and citizens in meeting those upcoming requirements.

‘Digital identity is becoming a cornerstone of Europe’s digital infrastructure. Evrotrust’s technology and momentum position them to become the regional leader, and we’re thrilled to support their next phase of expansion, 3TS Capital Partners’ Managing Partner Pekka Mäki states.

R&D Focus: Wallet-Ready Credentials and Selective Disclosure

From the R&D perspective, Evrotrust is focusing on advancing its capabilities around the European Digital Identity Wallet. Wallet-ready credentials are in development that will allow users to store and present verified information digitally, alongside features such as offline functionality and selective disclosure, enabling people to prove specific attributes like age or qualification without sharing full documents.

At the same time, Evrotrust is expanding its developer ecosystem through a comprehensive suite of APIs and SDKs designed to make enterprise integration faster, simpler, and fully compliant with eIDAS 2.0, supporting secure, scalable infrastructure that ensures performance, resilience, and interoperability across all markets. Internally, this points at expanding engineering, product, and go-to-market teams to accelerate solution delivery and maintain high customer satisfaction.

Three-Track Expansion Across CEE and DACH

The new funding also supports Evrotrust’s focused three-track expansion roadmap across CEE and DACH. Commercially, the company sets out to strengthen its presence in Germany and Austria while expanding into key CEE markets, with a focus on regulated sectors such as banking, telecommunications, insurance, healthcare, and public administration.

In parallel, strategic partnerships are being built with both national authorities and large enterprises to ensure full interoperability with upcoming EU standards, aligned with the European Digital Identity Wallet rollout planned for 2026. When scaling trust and interoperability across Europe, partnerships are naturally central. Evrotrust carefully selects partners with a shared long-term vision of secure, user-centric digital identity and the capability to contribute to building a truly connected European ecosystem.

On the public side, this includes national authorities and regulators committed to implementing the European Digital Identity framework in line with eIDAS 2.0. The goal here is to ensure that integrations tangibly strengthen mutual recognition and compliance across borders.

On the private side, the focus falls on institutions that operate in highly regulated sectors such as banking, telecommunications, insurance, and healthcare, where digital identity has the greatest potential to drive both security and efficiency. Here, the partners’ value is in demonstrating strong governance, a commitment to compliance, and a clear focus on data protection and user trust.

‘Ultimately, the best partnerships are those built on strategic alignment and complementary strengths. Every collaboration we form is designed to combine our expertise in compliance and trust services with our partners’ market reach and industry knowledge, advancing our mission to make digital identity accessible, interoperable, and trusted across Europe,’ Mr Dimitrov clarifies.

Credibility-Over-Speed Approach to Expansion

‘Specifically, the DACH region is one of the most mature and highly regulated markets in Europe when it comes to digital services and data protection. What sets it apart is the strong emphasis on compliance, security, and institutional trust. Users and organizations there expect not only technological excellence but also absolute transparency about how their data is handled and which standards a provider meets,’ Mr Bezuhanov explains.

The Evrotrust team is convinced that culturally, the adoption of new technologies tends to follow a trust-first model rather than a speed-first one. This means that credibility, certifications, and proven reliability are key to entering and scaling in the market.

‘For us, this aligns perfectly with Evrotrust’s DNA as a qualified trust service provider operating under strict European supervision,’ the CEO remarks.

‘Another important aspect is the need for deep localization, which goes beyond language to include integration with national systems, local identity schemes, and sector-specific regulations. We are approaching this expansion through partnerships with established institutions in Germany, Austria, and Switzerland to ensure interoperability and compliance from day one. Ultimately, we see the DACH region not as a challenge, but as a natural extension of our mission to make trusted digital identity universally accessible, grounded in the same values of security and accountability that define these markets,’ Mr Dimitrov adds.

Leveraging the EU Digital Identity Framework in a Connected World

Evrotrust’s overarching priority is to support the rollout of the European Digital Identity framework and help ensure the implementation of secure, reusable digital identity across the EU. Continuous investment in technology, infrastructure, and partnerships make this transition smooth and scalable for both citizens and businesses.

At the same time, Evrotrust already operates in 63 countries, and this international experience naturally brings valuable insight into how trusted identity frameworks can evolve beyond Europe. As such, while the current focus remains on the European market and the implementation of eIDAS 2.0, the team doesn’t overlook the strong potential for collaborations in other jurisdictions that share similar regulatory values and commitment to secure digital transformation.

‘Our long-term vision is to build bridges between ecosystems and contribute to a more connected world where trust and interoperability enable digital services everywhere,’ Mr Bezuhanov emphasizes.

He summarizes that achieving interoperability across the EU requires both technological consistency and close collaboration with regulators and national authorities. When different member states are at very different stages of digital transformation, the key is to build a system that can adapt to varying national infrastructures while maintaining uniform European standards for trust and security.

Evrotrust approaches this through strict adherence to eIDAS 2.0 and active participation in the standardization process for the European Digital Identity Wallet. The technology is designed around open standards, reusable credentials, and APIs that make integration with existing national systems fast and compliant. This ensures that countries with more advanced infrastructures can connect immediately, while those still developing their digital ecosystems can adopt the wallet incrementally without compromising security or user experience.

Having taken on an important role in shaping the future of secure, user-friendly digital identity across Europe, Evrotrust bridges the gap between technology and regulatory compliance. By facilitating the rollout of eIDAS 2.0 and the European Digital Identity Wallet, the company ensures that citizens and businesses can confidently engage in digital services with high trust and interoperability. This strengthens Europe’s digital infrastructure and also sets a foundation for scalable, cross-border digital transformation across the EU—and, possibly, even beyond.