In the wake of Amazon One, Latvian start-up Handwave aims to democratise biometric payment and authentication using the palm of the hand. The past weeks have seen major announcements by the Founders, both former Worldline employees. Here are the details.
On August 2, Riga-based payment start-up Handwave announced US$4.2 million in seed funding. The round was led by Practica Capital, with support from other venture capital firms such as FirstPick, Outlast Fund and Inovo. The fundraising will enable the company, which specialises in image recognition and biometric data processing for retail, to conduct pilot projects in both the U.S.A. and Europe to prove that the service meets regulatory standards ‘in one of the most regulated markets in the...
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