Investment pours in for biometric startups developing new services
Biometrics firms Smile Identity, Zenus and OneWave are reporting successful funding rounds for products ranging from ‘ethical facial recognition’ to smartcards with inbuilt fingerprint readers.
Investment fund selects Smile Identity for follow-on
Smile Identity provides KYC via selfie biometric verification of the individual, using facial recognition to match the photo against the record held of their ID in a government database. To do this it establishes APIs with the databases.
Future Africa selects startups across Africa and vets them before offering the investment opportunity to its syndicate of members.
Milestone for Zenus investment
Launched in October 2020, this round followed an almost $1.2 million round from unnamed backers. The crowdfunding round, via StartEngine, has a target of $1.07 million, valuing the company at $10 million.
The company states that its service, which monitors an area to calculate volumes of visitors and analyze their makeup and behavior with face biometrics, can also determine whether individuals have enough space during the COVID-19 pandemic.
OneWave raises €600,000
The multi-purpose smartcard contains an inbuilt fingerprint biometrics scanner and display. Its functions cover two-factor authentication, password management as well as being able to operate as a physical card for multiple payment and loyalty credentials held in an accompanying smartphone digital wallet.