FB pixel

Zwipe completes equity capital round, prepares for larger-scale product roll out


Biometrics technology firm Zwipe completed a $4.3M private placement of new shares to existing and new investors with members of the board, including Jörgen Lantto, participating.

This equity capital round follows Zwipe’s $5 million financing in 2015 and brings total raised in equity, debt and grants since inception to $19 million.

Zwipe is pursuing a growth strategy, strengthening its organization, board, partnerships and market presence in preparation for a commercial launch of its technology for payment solutions, and moving toward a larger scale product roll out.

“We are adding capital to strengthen our financial flexibility, assuring our ability to deliver on our positive and maturing partnerships across the world,” said Kim Humborstad, Founder and CEO of Zwipe, adding “this latest financing enables continued investment in organizational development, internal infrastructure and customer centric innovation on our biometric authentication solutions. We look forward to continue on our scale-up journey in 2017 and beyond.”

Article Topics

 |   |   |   |   | 

Latest Biometrics News


Digital identity leaders shepherd wallets into the mainstream

Discussion and debate at the European Identity and Cloud (EIC 2024) conference focused largely on how to achieve trust among…


Suprema, Strata Identity, Gunnebo gain security certifications

Recent certifications for Suprema, Strata Identity, Gunnebo and ISS reflect the broader industry trend towards stringent information security measures, ensuring…


Biometrics entering everyday activities via rising technologies

Biometrics underpin the new technologies that people will soon use on a daily basis for everything from payments to age…


Anticipation for Metalenz and Samsung’s answer to Face ID mounts

After Samsung and Metalenz collaborated to incorporate Samsung’s Isocell Vision 931 image sensor into Metalenz’s Polar ID imaging technology, Mashable…


Germany beefs up border security ahead of UEFA Championship

Germany has been ramping up security measures such as border checks and CCTV surveillance in preparation UEFA European Football Championship…


Inverid and Cybernetica team up to secure digital ID, signatures with biometric MFA

A new partnership has been formed by Inverid and Cybernetica to combine the NFC ID document-scanning capabilities of the former…


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

Featured Company

Biometrics Insight, Opinion

Digital ID In-Depth

Biometrics White Papers

Biometrics Events