Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from Matica Fintec SpA ( (IT:MFT) ) is now available.
Matica Fintec has completed the acquisition of a 51% stake in U.S.-based Credence ID LLC, a global provider of digital identity verification, Mobile ID and biometric solutions, through an USD 8 million transaction combining a capital increase and purchase of shares from CID Holdco LLC. The deal, finalized after satisfaction of contractual conditions, gives Matica a controlling position in a profitable biometrics player with USD 1.7 million LTM EBITDA and a net financial position of USD -2.5 million as of 30 June 2025, strengthening the Italian group’s capabilities and market reach in digital identity technologies and potentially enhancing its competitive positioning in secure identification solutions worldwide.
More about Matica Fintec SpA
Matica Fintec S.p.A., based in Galliate with registered office in Milan and listed on Euronext Growth Milan, is an innovative SME that designs, produces and markets high‑tech solutions for issuing secure digital cards and identity documents. Its systems serve financial institutions with credit, debit and prepaid cards, as well as government bodies with ID cards, passports and driving licences, underpinned by strong R&D spending exceeding 10% of annual revenue and a portfolio of nine certified patents.
Average Trading Volume: 6,460
Technical Sentiment Signal: Buy
Current Market Cap: €65.36M
Learn more about MFT stock on TipRanks’ Stock Analysis page.