June 13, 2014 -
Biometric payments startup Quixter uses palm vein biometrics to authenticate users, and just this past week it was picked as one of four contenders for PayExpo’s Payments Dragons’ Den.
Reported in City A.M., Quixter is currently only being used in Sweden, but its founder Frederik Leifland sees the company addressing a need in the market outside of the country as well.
Quixter didn’t win the Dragon’s Den competition, but its inclusion shows a growing interest in biometrics startups, and also that young entrepreneurs are beginning to experiment with these technologies.
As we reported previously in BiometricUpdate.com, in April of this year Quixter was launched and an initial system was deployed at Lund University in Sweden.