Wink, a US-based biometric identity and payments platform, has received an additional $3m of seed investment.
The round was led by Cerracap Ventures, a B2B enterprise software focused early-stage venture firm, and saw participation from Flying Point Industries and several family offices.
This seed round follows the $2.85m previously raised in a pre-seed round between 2021 and 2022.
Wink’s biometric identity and payments platform is bringing forth a unique patent pending approach to passwordless authentication and handsfree payments, by converting any camera on any device into a secure authenticator and a payments acceptance point.
This means that with Wink’s technology, institutions will be able to authenticate and accept payments from their consumers across the billions of computers, smartphones, connected cars, SmartTVs, POS terminals and any IOT device that is camera and internet enabled.
Wink CEO and founder Deepak Jain said, “We are excited to have continued support from investors who see the game-changing potential of biometrics in authentication, payments and the platform’s applicability across all industries.
“We are committed to weeding out passwords and loophole-ridden legacy authentication methods by offering a modern decentralized biometrics-based platform that leaves no room for account compromise. We are grateful to have successful and like-minded investors in Cerracap Ventures backing our vision of delivering people-first authentication and payments that is utilizable by any institution, irrespective of industry, size or location.”
Foretrace, a Maryland-based CyberTech, has received $500,000 in seed funding from TEDCO, an investor focused on technology companies in Maryland.
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