Evrotrust

Evrotrust
Company typePrivate
IndustryDigital Identity,
Electronic Signature,
Trust services
Identity Verification
Fintech
Founded2018 (2018)
HeadquartersSofia, Bulgaria
Key people
  • Konstantin Bezuhanov (CEO)
  • George Dimitrov (Chairman of the Board of Directors)
ProductsEvrotrust eID

Qualified electronic signatures Electronic timestamps

Electronic registered delivery
Websiteevrotrust.com

Evrotrust is a digital identity and qualified trust services provider based in Sofia, Bulgaria. The company offers solutions for electronic signatures, electronic identification, timestamping, electronic delivery, and other trust services compliant with the European Union’s eIDAS regulation.[1][2] The company’s eIDAS notified eID scheme was designated as Bulgaria’s official digital identity program by the Council of the Ministers of Bulgaria in 2023.[3] Evrotrust has also been involved in initiatives related to the European Digital Identity Wallet, including WE BUILD Consortium, a large-scale pilots testing the European Digital Identity Wallet [4][5] and work on wallet-ready credentials for eIDAS 2.0.[6]

History

Founding and early development

Evrotrust was founded in 2018 by Konstantin Bezuhanov, a financial specialist serving as the CEO of Evrotrust, and George Dimitrov, an e-government expert.[7] Within its first year of operations, the company focused on providing qualified trust solutions for businesses and government institutions.[7] UniCredit Bulbank was one of Evrotrust’s first clients.[8]

In 2021, Evrotrust partnered with MasterCard to implement digital identity services in North Macedonia, making it one of the first Balkan countries to implement a nationwide digital identity solution.[9]

National eID scheme and EU notification

In 2023, Evrotrust was given the status of an eID scheme under the eIDAS legislation,[10][11] enabling citizens of all EU member states to use Evrotrust's eID solution to identify themselves before businesses and organizations across the European Union.[11][12] Evrotrust was recognized as a notified electronic identification (eID) scheme by the European Commission after it was validated by EU member states and its information was uploaded to the Official Journal of the European Union on July 5, 2023.[3][13][6]


After a decision by the Council of Ministers of Bulgaria, Evrotrust's eID scheme was also named the country of Bulgaria's official identity program in 2023.[3][14][15] Shortly afterwards, the company also expanded into Romania.[3]

In 2024, Evrotrust was also officially registered as an electronic identity service provider by the Authority for the Digitalization of Romania (ADR) in Romania.[5]

In 2025, Evrotrust joined the WE BUILD Consortium, a large-scale pilot working on the European Digital Identity Wallet.[16] In the same year, Evrotrust also participated in the Breaking Grounds Initiative, which raises visibility for Bulgarian tech talent and investment opportunities.[17]

In November 2025, Evrotrust secured €6.6 million to be used for building the European Digital Identity Wallet (EUDI Wallet) in Bulgaria.[15][18]

Products and Services

Qualified trust services

Evrotrust provides an electronic identification service designed for customer onboarding and KYC, AML, and eIDAS 2.0 compliance.[15][2][6] The eID solution performs remote identity verification using procedures such as identity attestation,[15] facial recognition,[19][20] liveness detection,[6] and cross-checks against authoritative registries.[9]

Platforms and integrations

The company’s user-facing product is a mobile app, a form of cloud-based or mobile electronic signature where users can identify themselves with biometric data and sign electronic documents.[21][22] The app is available for iOS and Android devices.[22]

EUDI Wallet and eIDAS 2.0 initiatives

Evrotrust is developing wallet‑ready digital credentials for the forthcoming European Digital Identity Wallet, focusing on selective disclosure, offline capabilities, and adherence to eIDAS 2.0 requirements.[6]

Awards and recognition

  • 2018 - Evrotrust was chosen as one of the winners in the Elevator Lab Bulgaria competition.[23][24]
  • 2022 - In 2022, the company was included in The Deloitte Technology Fast 50 Central Europe ranking, a report that looks into tech businesses' percentage revenue growth.[20][3][25]
  • 2023 - The company was named one of the Top 10 KYC Solution Providers by the GRC Outlook.[26]

See also

References

  1. ^ "Bulgaria's digital future: The quiet power behind innovation". Tech.eu. 2025-04-03. Retrieved 2025-12-02.
  2. ^ a b "Evrotrust: €6.6 Million Investment Secured To Advance Digital Identity Expansion Across Europe". Pulse 2.0. 2025-11-06. Retrieved 2026-01-25.
  3. ^ a b c d e McCurdy, William (2023-05-30). "Evrotrust's eID scheme made Bulgaria's official digital identity program, expands to Romania | Biometric Update". www.biometricupdate.com. Retrieved 2025-11-11.
  4. ^ "Българска компания ще участва в създаването на Европейския портфейл за дигитална самоличност". Investor.bg (in Bulgarian). Retrieved 2025-11-11.
  5. ^ a b Macsim, Miruna (2024-09-24). "Evrotrust now officially registered in Romania by ADR as electronic identity service provider". Business Review (in Romanian). Retrieved 2025-11-11.
  6. ^ a b c d e "Evrotrust Leads the Rollout of EU Digital Identity and eIDAS 2.0 Adoption, Secures EUR 6.6M". ITKeyMedia. 2025-11-18. Retrieved 2026-01-25.
  7. ^ a b "Bulgarian Evrotrust Secures €3.3M Investment to Expand Digital Identity Solutions Across Europe". TheRecursive.com. 2024-02-07. Retrieved 2025-11-11.
  8. ^ "Evrotrust Raises a €2.5M Pre-Series A to Set Foot Across the European Digital Identity Space". TheRecursive.com. 2023-02-20. Retrieved 2026-01-25.
  9. ^ a b "Among the pioneers in SEE: North Macedonia officially introduced digital IDs to its citizens". TheRecursive.com. 2021-10-13. Retrieved 2026-01-25.
  10. ^ Танев, Марио (2024-02-06). "Evrotrust привлече 3.3 млн. евро от Silverline Capital". forbesbulgaria.com (in Bulgarian). Retrieved 2025-11-11.
  11. ^ a b "Overview of pre-notified and notified eID schemes under eIDAS - eID User Community -". ec.europa.eu. Retrieved 2025-11-11.
  12. ^ "Evrotrust's eID program becomes Bulgaria's official digital identity system and plans to expand | Digital Watch Observatory". 2023-05-30. Retrieved 2025-11-11.
  13. ^ Miteva, Mihaela (2024-02-08). "Bulgaria's Evrotrust raises 3.3 mln euro to drive growth | Bulgaria Investments News | SeeNews". seenews.com. Retrieved 2026-02-21.
  14. ^ Stojkovski, Bojan (2023-05-30). "National eID Scheme's EU Recognition Set to Boost Digitalization in Bulgaria". TheRecursive.com. Retrieved 2025-11-11.
  15. ^ a b c d "Bulgarian eID provider Evrotrust raises $7.5M | Biometric Update". www.biometricupdate.com. 2025-11-05. Retrieved 2025-11-11.
  16. ^ "Българска компания ще участва в създаването на Европейски портфейл за дигитална самоличност". Mediapool.bg (in Bulgarian). 2025-03-05. Retrieved 2025-11-11.
  17. ^ Hak, Andrea (2025-04-28). "Bulgaria's bold leap: From outsourcing hub to emerging deeptech contender". TNW | Ecosystems. Retrieved 2025-11-11.
  18. ^ Atanasova, Teodora (2025-11-04). "Evrotrust Raises €6.6M to Roll Out the European Digital Identity Wallet in Bulgaria". TheRecursive.com. Retrieved 2025-11-11.
  19. ^ "ZoOm Integrated Into EvroTrust eSigning App". mobileidworld.com. Retrieved 2026-01-25.
  20. ^ a b "Six Sofia-Based Companies Listed in Deloitte's Technology Fast 50 Central Europe". Sofia Investment Agency. 2023-01-27. Retrieved 2026-01-25.
  21. ^ Capital.bg (2024-11-29). "Подпиши се с телефона си". www.capital.bg (in Bulgarian). Retrieved 2025-12-02.
  22. ^ a b TechNews.bg (2018-05-30). "Evrotrust – улеснява участието в обществени поръчки". TechNews.bg (in Bulgarian). Retrieved 2025-12-02.
  23. ^ "Evrotrust e победител в българското състезание на Elevator Lab". Investor.bg (in Bulgarian). Retrieved 2026-02-21.
  24. ^ "Evrotrust спечели българския кръг на Elevator Lab 2018". www.capital.bg (in Bulgarian). 2018-07-03. Retrieved 2026-02-21.
  25. ^ "PART ONE: WHAT HAPPENED IN THE TECH SECTOR IN 2022?". DEV.BG. 2023-06-15. Retrieved 2026-02-21.
  26. ^ "KYC Solution Providers 2023". GRC Outlook. Retrieved 2026-02-21.
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