Freja eID Group AB (publ)
FREJA.ST
Stockholm Stock Exchange21.80
SEK
+2.40
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Freja eID Group AB (publ)
FREJA.ST
(Stockholm Stock Exchange)
Recent
price
21.80
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Freja eID Group AB (publ) stands as a prominent IT security and digital identification entity, delivering advanced solutions across the globe. The company's primary offering is Freja eID, an internationally scalable electronic identity platform that enables secure online interactions, in-person verification, and digital transactions. Recognized with the "Svensk e-legitimation" quality mark by the Swedish government and approved by the European Union, Freja eID is designed for broad application, spanning over 160 countries. The core Freja eID mobile application facilitates a range of functionalities, including secure logins to digital services, legally binding electronic signatures, streamlined customer onboarding processes, and robust two-factor authentication. Users maintain control over their personal data, providing explicit consent for sharing attributes such as social security number, contact details, and date of birth. Beyond the individual eID, the company offers a comprehensive Private eID platform for businesses, alongside Organisation ID (OrgID) for managing digital identities tied to specific enterprises, which includes lifecycle management and customizable digital employee ID cards. Additionally, Freja eID Group provides specialized fulfilment services, covering the secure logistics, programming, and distribution of physical authentication devices like bank tokens and PIN mailers, a segment which, while historically significant, was surpassed in revenue by the Freja eID division in 2024. Expanding its reach, the company is also developing a white-label platform, allowing other organizations to launch their own customized e-identification solutions, with a proof-of-concept agreement recently established in September 2025. Freja eID Group primarily operates on a subscription-based revenue model for its eID services, with pricing structures tailored to client needs, factoring in user numbers, transaction volumes, and selected features, often secured through multi-year contracts. This approach serves a diverse target market that encompasses government agencies, municipalities, financial institutions, various businesses, and individual consumers. Recent corporate developments include a Q3 2025 surge in net sales for the eID segment, marking a 53% increase, and a significant expansion of its agreement with the Swedish Migration Agency in May 2025, projected to boost annual recurring revenue. The company has also initiated a European pilot project with Samsung for digital age verification in October 2025 and broadened its international registration capabilities to accept EU/EEA ID cards. Founded in 2000 as Verisec AB (publ) before adopting its current name in November 2020, Freja eID Group AB (publ) maintains its headquarters in Upplands Väsby, Sweden.