Handwave, a Rīga, Latvia-based developer of palm-based fee identification options, raised $4.2m in seed funding.
The spherical was led by Practica Capital with participation from FIRSTPICK, Outlast Fund, and Inovo.vc.
The corporate intends to make use of the funds to scale to launch throughout Europe and the US.
Handwave is utilizing a mixture of floor palm imaging and near-infrared vein mapping to create an encrypted biometric template that by no means leaves customers’ management and generate safe, frictionless authentication with a single gesture, with no gadgets, apps or wallets required. It lets individuals pay, confirm their age, and acquire loyalty rewards with a palm scan.
For retailers, Handwave improves the shopper expertise and foster loyalty. The answer is PCI-DSS, PSD2, and GDPR compliant.
FinSMEs
