Fingopay
Fingopay helps businesses provide fast and frictionless, identity-enabled payment, verification and marketing services, with the use of a biometric finger VeinID scanner.
A fast, accurate and cost-effective identity solution that enhances payment, loyalty and customer welfare. No more remembering PINs and passwords, or fishing round in your wallet for a card.
We all have a unique vein pattern hidden in our fingers. Now this intricate biometric signature can be used to identify you and pay. There’s no need for cash, cards or mobile. Harmless infrared light maps the pattern of your veins. Because they are inside the body and invisible from the outside, finger vein patterns are extremely hard to steal and do not change with age. It is an ideal biometric for secure authentication.
The world is looking for faster more accurate ways to authenticate citizens at points of service and purchase. Sthalers’ solution that has caught the attention of the world’s largest banks and retailers. Fingopay works in partnership with Hitachi using VeinID technology.
| Product | Technology EIS |
|---|---|
| Sector | Biometric Payment System |
| Aim of funding | Growth |
| HMRC Advanced Assurance received | Yes |
| Envisaged investor exit | 4-5 years |
| Targeted return | In excess of 4x capital invested |