ZignSec
- Founded
- 2015-01-01 in Solna, Sweden
- Headquarters
- Solna, Sweden
- info@zignsec.com
- Phone
- +46 8 533 34041
ZignSec AB is a Swedish regulatory technology (RegTech) company that provides a cloud-based SaaS platform for identity verification, Know Your Customer (KYC) compliance, and Anti-Money Laundering (AML) screening. Founded in 2015 by Markus Andersson and headquartered in Solna, Sweden, the company built a comprehensive suite of tools including AI-driven document scanning, biometric liveness checks, PEP and sanctions screening, and business registry verification. ZignSec gained a strong foothold in the iGaming sector through its subsidiaries Web Shield and Wyzer, offering merchant due diligence and compliance analytics respectively. In February 2025, ZignSec was acquired by G2 Risk Solutions (G2RS), a Singapore-based risk management firm, in an all-cash deal that folded ZignSec’s operations and brand into G2RS. Following the acquisition, the company was delisted from Nasdaq First North, and former Group CEO Glenn Mac Donald departed at the end of March 2025. ZignSec’s technology and customer base continue to be served under G2 Risk Solutions, with product documentation now hosted under the G2RS umbrella. The company’s rapid growth and strategic acquisition positioned it as a notable player in the global RegTech market before its integration into a larger risk management ecosystem.
Detailed Review
Company History
ZignSec was founded in 2015 in Solna, Sweden, by Markus Andersson with the aim of automating identity verification for businesses facing increasing regulatory pressure. The company initially focused on electronic ID integration and document validation, later expanding into biometric liveness checks and AML screening. ZignSec raised approximately $1.05 million over two funding rounds, with the most recent in October 2025 (prior to acquisition), and was listed on Nasdaq First North Growth Market. The company grew organically and through acquisitions, notably purchasing Web Shield (merchant due diligence) and Wyzer (iGaming compliance analytics).
Products and Platform
ZignSec’s unified API platform covered the full customer lifecycle. Key products included eIDs for government-recognised digital authentication, ID and Biometry with document scanning and facial liveness, Identity Verification against global databases, PEP and Sanction Screening for risk checks, Phone and Email Verification for contact validation, Proof of Address via official documents, Business Registry Checks (KYB) for company verification, and Document Forensics for fraud detection. The platform was modular, allowing clients to integrate individual services without overhauling existing systems. ZignSec’s subsidiaries Web Shield and Wyzer provided specialised due diligence and compliance analytics for the iGaming industry.
Market Position and Acquisition
ZignSec competed in the fast-growing RegTech space alongside providers like Onfido, Jumio, and Trulioo. Its focus on the iGaming sector, combined with its modular API and global coverage, made it an attractive target for G2 Risk Solutions, which sought to strengthen its identity verification and AML capabilities. The acquisition was announced in February 2025 and completed shortly thereafter, with ZignSec’s operations integrated into G2RS’s global infrastructure. Post-acquisition, the company no longer operates as an independent entity; its product documentation is hosted at docs.zignsec.com, which now states “ZignSec is now part of G2 Risk Solutions.” Former Group CEO Glenn Mac Donald left on March 31, 2025. The combined entity aims to serve a broader global client base across multiple high-compliance industries.
Key Products
Proof of Address
Verification of residential or business addresses through official documents and utility records.
Business Registry Checks (KYB)
Company information validation via official government and commercial registries.
eIDs
Integration of electronic identity solutions for secure, government-recognised digital authentication.
ID and Biometry
Document scanning and facial biometric liveness checks to verify individuals remotely.
Identity Verification
Customer detail validation against global databases for KYC and AML compliance.
PEP and Sanction Screening
Automated checks against politically exposed persons, sanctions lists, and adverse media.
Phone and Email Verification
Real-time validation of contact details to confirm user authenticity.
Document Forensics
Advanced tools to detect forged, tampered, or fraudulent documents using AI and pattern analysis.
Web Shield
Subsidiary providing merchant due diligence services.
Wyzer
Subsidiary providing compliance analytics for the iGaming industry.