{"id":4150,"date":"2019-01-22T14:46:34","date_gmt":"2019-01-22T14:46:34","guid":{"rendered":"https:\/\/fintech.global\/globalpaytechsummit\/?p=4150"},"modified":"2019-01-22T14:46:34","modified_gmt":"2019-01-22T14:46:34","slug":"zwipe-pulls-in-14m-funding-ahead-of-trading-on-merkur-market","status":"publish","type":"post","link":"https:\/\/fintech.global\/globalpaytechsummit\/zwipe-pulls-in-14m-funding-ahead-of-trading-on-merkur-market\/","title":{"rendered":"Zwipe pulls in $14m funding, ahead of trading on Merkur Market"},"content":{"rendered":"<p><strong>Norway-based biometric technology developer Zwipe has closed a new round of funding on NOK 120m ($14m), ahead of the release of trading on Merkur Market, Oslo B\u00f8rs.<\/strong><\/p>\n<p>Investors to the round were not disclosed, but the company said the round was over-subscribed and received interest from institutional and professional investors. It was also backed by members of the public across Norway and Sweden, it claimed.<\/p>\n<p>The capital injection was split by $10.5m coming from new institutional and professional investors, and the remaining $3.5m coming from previous backers and retail investors. This funding was facilitated through the sale of six million new shares in Zwipe at NOK 20 apiece. A pre-money valuation of Zwipe was set at NOK 189m ($22m).<\/p>\n<p>There are approximately 2,300 investors to be allocated Zwipe shares.<\/p>\n<p>As\u00a0<a href=\"http:\/\/member.regtechanalyst.com\/zwipe-sets-sights-on-13-7m-funding-round-this-year\/\">previously outlined in Zwipe\u2019s plans for 2019,<\/a>\u00a0the RegTech is looking to gain admission for trading on Merkur Market. Expectations are that Oslo B\u00f8rs will approve the listing later in the month, with trading commencing shortly after.<\/p>\n<p>Zwipe CEO Andr\u00e9 L\u00f8vestam said, \u201cZwipe is at the forefront of a global shift towards more secure and convenient contactless payments and the market is primed for growth. We are confident that our industry leading technology and partnerships will secure a strong market position both in the short and long-term. Thanks to the new funding received, we can intensify our efforts to support our customers and partners in Making Convenience Secure.\u201d<\/p>\n<p>Zwipe develops biometric technology for payments, access control and identity. The company has built a payment card which has an embedded fingerprint scanner which verifies the transaction at the point-of-sale.<\/p>\n<p>Copyright \u00a9 2019 RegTech Analyst<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Norway-based biometric technology developer Zwipe has closed a new round of funding on NOK 120m ($14m), ahead of the release of trading on Merkur Market, Oslo B\u00f8rs. Investors to the round were not disclosed, but the company said the round was over-subscribed and received interest from institutional and professional investors. It was also backed by&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/globalpaytechsummit\/zwipe-pulls-in-14m-funding-ahead-of-trading-on-merkur-market\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":4151,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/4150"}],"collection":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/comments?post=4150"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/posts\/4150\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media\/4151"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/media?parent=4150"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/categories?post=4150"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/globalpaytechsummit\/wp-json\/wp\/v2\/tags?post=4150"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}