Estonian fintech Trustyfy has raised EUR 6.46 million in funding from Tokenee Select and Sixth Society Angel Syndicate, giving the early-stage company fresh capital to scale its digital trust and verification platform across financial services.
The round, recently announced, positions Trustyfy in the lower mid-market funding bracket and highlights continued investor interest in infrastructure that underpins secure, compliant digital transactions. While deal terms and valuation were not disclosed, the ticket size indicates a meaningful early bet by specialised investors in a niche that sits at the intersection of financial services, compliance and identity.
Digital trust as financial infrastructure
Trustyfy operates in the financial services sector, focusing on technology that helps counterparties verify identities, credentials or other trust signals in online interactions. As financial services continue to digitise, such tools are increasingly treated as core infrastructure rather than optional add-ons.
The backing from Tokenee Select and Sixth Society Angel Syndicate suggests that Trustyfy is being positioned as an enabling layer for banks, fintechs, marketplaces or other regulated intermediaries that need to manage fraud risk, KYC/AML obligations and user experience in parallel.
For the European mid-market, this type of platform can be a force multiplier: it allows smaller and mid-sized financial institutions to plug into sophisticated trust and verification capabilities without building them in-house, shortening time-to-market for new digital products.
Strategic investors for a specialised niche
Tokenee Select and Sixth Society Angel Syndicate bring early-stage capital and sector-focused expertise to the table. Their participation signals a thesis that specialised trust and verification providers can capture meaningful value as regulatory expectations tighten and cross-border digital activity grows.
For Trustyfy, the funding provides runway to deepen product development, expand engineering and compliance resources, and build commercial partnerships in and beyond Estonia. The company’s home market is part of the EU’s digital vanguard, giving it a regulatory and talent environment well-suited to scaling a trust-focused financial services platform.
Mid-market relevance and execution risk
At EUR 6.46 million, the deal sits below classic mid-market M&A thresholds but is strategically relevant for mid-market operators. Banks, payment providers, B2B platforms and other financial intermediaries in the EUR 10–500 million revenue band increasingly rely on specialist vendors for identity, fraud and trust layers. Trustyfy’s growth trajectory will determine whether it becomes an attractive acquisition target for larger infrastructure players or remains an independent platform partner.
Key risks are executional rather than conceptual. Digital trust is a crowded field, and customer switching costs can be high once systems are integrated. Trustyfy will need to demonstrate clear differentiation—through accuracy, coverage, ease of integration or regulatory robustness—to win and retain institutional clients.
That said, the combination of early, dedicated capital and a regulatory environment moving toward stricter digital identity and data standards gives the company a solid backdrop. For investors and mid-market financial institutions alike, this deal underscores that trust infrastructure is moving from supporting role to centre stage in European financial services.