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ZealiD vs Penneo
Penneo is a Danish signing and document collection platform, popular with auditors and accountants in the Nordics and Belgium. Trust Circle is built for regulated firms that verify clients, share files with them and collect qualified signatures in one place. Here is how they compare.
In short
Penneo wins on Nordic eID signing.Signers use MitID, BankID, FTN, .beID and itsme. Penneo is a qualified trust service provider in Denmark, and more than 3,500 companies across Europe use it.
It is built around audit and accounting work.Penneo connects to Caseware, Silverfin and AdminPulse, and Penneo Collect sends clients guided requests for documents and data before they sign.
Trust Circle adds the client side.Each client verifies once, with no fee per check, and stays verified for two years. Their files, qualified signatures and KYC answers sit in one shared space.
ZealiD and Penneo, side by side
Sources: Penneo pricing (DKK), Penneo QTSP FAQ, Penneo Collect, Penneo Verify, Penneo for audit and accounting and ZealiD pricing, November 2026. Qualified status checked on the EU Trusted List, November 2026.
Where they really differ
Nordic eID, or any ID document
Penneo is at its best when signers hold a national eID such as MitID, BankID or .beID. Signers without one can use a passport through international signing at DKK 12 per signature, or a simple Touch signature. In Trust Circle, ZealiD verifies each client once in the ZealiD app with their ID document and a face check, valid for two years, with no fee per check.
A request to the client, or a shared space
Penneo Collect sends the client a guided request and returns the documents and data to your systems. It works well for set lists, such as year-end papers. Trust Circle gives each client or matter its own space, where you and the client both upload, sign and see the status of every file.
Nordvik M&A
Look at your last ten signers
Take the last ten people who signed for you. Count how many hold MitID, BankID, FTN or .beID. For the rest, note whether they used a passport (DKK 12 per signature on Penneo) and whether the document needed a qualified signature. Then compare with the Trust Circle plan that covers your team.
Your last ten signers
What each one costs
Penneo prices Sign and Collect separately, as flat monthly fees billed annually, in DKK. Penneo Verify and MitID QES are on request, and you cancel with 3 months' notice before renewal. Trust Circle is priced per plan, billed yearly, with identity verification included and a set QES allowance.
Penneo
From, a month, billed annually. Verify and MitID QES on request
See Penneo pricing →Trust Circle
A month, billed yearly. ID checks and QES included
See pricing →Which one is right for you?
Choose Penneo if:
- Most of your signers hold MitID, BankID, FTN or .beID
- You run audit and accounting work in Caseware, Silverfin or AdminPulse
- You collect set lists of documents and data from clients before they sign
- You want a Danish qualified trust service provider
- You sign annual reports and audit reports at volume
Choose Trust Circle if:
- You must know who your client is, and keep that proof
- You want identity checks without paying per check
- You share documents with clients, not just send them for signature
- Your clients sign with qualified signatures often
What Trust Circle doesn't do
Live sanctions and PEP screening, beneficial ownership checks and the risk decision stay with your firm.
Your clients verify and sign in the ZealiD app, so each signer needs a smartphone.
What our customers say
I spend at least an hour a day answering ‘Where is the latest SHA?’ or ‘What is the notice period?’
Paper procedures are a no-go for modern businesses with complicated signing journeys and long delays. It was time for us to go digital, and ZealiD came through with a user-friendly and simple solution that cut our signing cycles from weeks to just minutes ensuring the highest level of security.
ABN AMROMicrosoftDLA PiperBird & BirdBinderrOyster HRCALIPIA
Verify, share and sign in one place
- Identity verification in every plan, no fee per check
- Verified once, valid for two years
- ZealiD AB is a qualified trust service provider on the EU Trusted List
- Documents stored in Stockholm, EU
Common questions
Is Penneo a qualified trust service provider?
Yes. Penneo A/S is on the Danish Trusted List, with status granted by the Danish Agency for Digitisation. It issues qualified certificates for signatures and seals, and qualified time stamps. Penneo QTSP FAQ.
How much does Penneo cost?
Sign Essential starts at DKK 899 and Sign Plus at DKK 1,250 a month, billed annually, each with 500 signatures a year. Collect Plus is DKK 499 and Collect Pro DKK 999 a month. Penneo Verify and MitID QES are on request. Penneo pricing.
Which eIDs does Penneo support?
MitID, MitID Erhverv, BankID for Norway and Sweden, FTN and .beID, plus itsme at a surcharge. Signers without an eID can sign with a passport for DKK 12 per signature. Penneo pricing.
What is Penneo Collect?
A tool that sends clients a guided request for documents and data. The client fills in a form, uploads files and confirms with eID, with no account needed. It isn't available on the Sign Essential package. Penneo Collect.
Does identity verification cost extra in Trust Circle?
No. It's included in every plan, with no limit, and your client doesn't pay. See plans.
Who issues ZealiD's qualified signatures?
ZealiD AB itself. It is a qualified trust service provider on the Swedish Trusted List, supervised by PTS and audited every year by TÜViT. Certifications and compliance.