Valid
“Can a legacy card and SIM manufacturer reinvent itself as the identity and secure-transactions infrastructure for Latin American digital government and banking?”
Valid began in 1957 as American Banknote's Brazilian subsidiary focused on security printing. After its 2006 IPO and 2010 rebrand, it expanded from physical card and document manufacturing into digital identity, SIM/eSIM connectivity, and digital banking solutions. Today it positions itself as an integrator of secure-identification solutions across three verticals — ID & Digital Government, Banking & Payments, and Trusted Connectivity — serving banks, governments, and mobile operators globally, with card manufacturing (top 10 globally) and SIM manufacturing (top 5 globally) as its scale businesses.