In January 2025, 56 startups in Biometric Payments have emerged, with 23 funded, including 8 at Series A+. The US leads in company presence. Notable startups include IDEMIA, PayFace, Zwipe, BehavioSec, and TypingDNA, each excelling in distinct biometric technologies for secure financial transactions.
In January 2025, there are 56 notable startups in the Biometric Payments sector, with 23 securing funding, including 8 that have reached Series A+. The United States leads with 16 companies, followed by the United Kingdom with 6 and Canada with 3. In the last decade, an average of two startups have launched per year, many founded by alumni from prestigious institutions like IIM Bangalore, IIT Madras, and Stanford University.
The top five Biometric Payments startups are detailed below:
1. IDEMIA
– Founded: 2007
– Location: Courbevoie, France
– Funding Increased: $677K from a grant in Dec 2021
– Tracxn Score: 61/100; Competitors Rank: 36 of 2,651
– Offers multi-factor identity verification with NFC-enabled cards for fingerprint authentication.
2. PayFace
– Founded: 2018
– Location: Florianopolis, Brazil
– Total Funding: $9.8M, with $9.22M raised in Series A in Jul 2023
– Tracxn Score: 55/100; Competitors Rank: 5 of 124
– Facilitates cardless payments in restaurants via an app on iOS and Android.
3. Zwipe
– Founded: 2009
– Location: Oslo, Norway
– Total Funding: $25.8M from various investors
– Tracxn Score: 54/100; Competitors Rank: 82 of 2,104
– Provides fingerprint-based contactless payment solutions for cards and wearables.
4. BehavioSec
– Founded: 2008
– Location: San Francisco, USA
– Total Funding: $25.1M, with a Series B of $17.5M in Jan 2018
– Tracxn Score: 51/100; Competitors Rank: 98 of 1,916
– Uses behavioral biometrics for risk-based authentication to detect fraud.
5. TypingDNA
– Founded: 2016
– Location: Oradea, Romania
– Total Funding: $8.62M, with $7M in Series A in Jan 2020
– Tracxn Score: 44/100; Competitors Rank: 204 of 2,981
– Focuses on authentication through users’ typing patterns to enhance security.
The landscape of Biometric Payments is evolving with innovative startups like IDEMIA, PayFace, Zwipe, BehavioSec, and TypingDNA leading the charge. With significant funding acquired and unique technologies developed, these companies are well-positioned to enhance security and efficiency in payment transactions. As this sector continues to grow, the integration of biometric solutions into everyday financial interactions promises to reshape how consumers conduct business.
Original Source: tracxn.com
