Zwipe reported today that in December it raised an additional $1.2 million (NOK 9.6 million) on top of the $4.3 million (NOK 35 million) private placement of new shares announced November 30. The size of the equity capital raise was increased to meet demand for shares from existing shareholders.
The latest equity capital round brings the total raised in equity, debt, and grants since inception to $25.6 million (NOK 208 million). Key employees of the Norwegian biometrics technology company including board members hold 37.2% of the outstanding shares.
Earlier this month, Zwipe announced that they have partnered with Gemalto to pilot a battery-less dual-interface fingerprint activated payment card with Bank of Cyprus.
Cybercrime losses have risen significantly, surpassing $20 billion, while phishing and spoofing is the dominant cyber-enabled fraud activity, reports the…
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