Credivera Acquires Oliu Technology Stack from ATB Ventures, Expanding IDV Capabilities

The deal advances Credivera’s expansion in the digital identity and workforce management sector since its founding in 2018. The company operates offices in Toronto, Gatineau, and Calgary, and has recently gained acceptance into a Federal procurement program, specializing in digital wallet solutions for verifiable credentials.

“By integrating Oliu’s advanced ID verification technology, we are enhancing our platform’s capabilities and reinforcing our dedication to providing secure and reliable solutions,” said Dan Giurescu, CEO of Credivera. “This strategic move will drive innovation, improve customer satisfaction, and solidify our leadership in putting verifiable credentials to work.”

ATB Financial, which developed Oliu through its ventures division, brings institutional backing to the deal. The financial institution manages $62.3 billion in assets and serves 820,000 clients through Personal and Business Banking, ATB Wealth Management, and ATB Capital Markets. ATB Financial employs 5,000 team members across its network of branches, agencies, entrepreneur centres, and digital banking services.

Dan Hugo, CFO of ATB Financial, noted the strategic importance of the acquisition: “This acquisition will enable Credivera to accelerate its growth and provide even greater value to its customers.” Hugo added, “This partnership is important in continuing to build a robust innovation and tech sector in Alberta, and ATB is proud to be involved in these advancements.”

The integration of layered ID verification capabilities aligns with the industry shift toward multi-layered authentication systems designed to enhance security and combat digital fraud. Organizations across sectors are increasingly strengthening their identity verification infrastructure to address evolving security challenges.

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February 7, 2025 – by the ID Tech Editorial Team