International law firm Bird & Bird has assisted the founders and other shareholders on its sale of Criipto to BankID BankAxept.
Criipto specialises in secure user authentication and digital signature solutions using electronic identities (eIDs). Criipto offers MitID in Denmark as well as a range of European eIDs, including BankID in Sweden and Norway, Trust Network (FTN) in Finland and Itsme in Belgium.
BankID is the Norwegian personal electronic identification system, used for identification and signing. BankID BankAxept is owned by Norwegian banks.
This transaction represents an exciting opportunity for both companies and marks a significant milestone for Criipto on its international growth journey.
The Bird & Bird team was led by partners Martin von Haller Grønbæk (Commercial) and Mette Mernø Hans Jacobsen (Corporate) with support from associate Kristoffer Saugman (Corporate) and associate Magnus Pedersen (Corporate).
Partner Martin von Haller Grønbæk at Bird & Bird comments: “Bird & Bird and Criipto have been on an incredible journey together – from the foundation and the early startup stages, through growth acceleration and sales maturity to the final sale of the company. It has been very fulfilling being part of and adding value throughout the full life cycle of Criipto. We congratulate Criipto and BankID on this exciting partnership and look forward to seeing the synergies unfold and the continued success of the combined company.”
Niels Flensted-Jensen, founder and CEO of Criipto, says: “The Bird & Bird team was instrumental in the sale of Criipto to BankID BankAxept. Their support since our early-stage startup days has been invaluable, and the quality of their work, accessibility, and excellent communication played a key role in the successful transaction. I am happy to continue our partnership with Bird & Bird as we continue to scale our company under new ownership.”
