Wink, a Plano, TX, and CA-based biometric identity and payments platform, raised an additional $3 million in seed funding. This seed equity round follows the $2.85 million previously raised in a pre-seed round in 2021-22.
The additional seed round was led by Cerracap Ventures and joined by Flying Point Industries and several family offices from Texas and California.
The new funding positions Wink to continue to strengthen and commercially roll out its strong biometric identity and payments platform offering.
“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,” said Deepak Jain, founder, and chief executive officer, of Wink. “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 are utilizable by any institution, irrespective of industry, size, or location.”
Wink’s biometric identity and payments platform is bringing forth a unique patent pending approach to passwordless authentication and handsfreeTM 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, smart TVs, POS terminals, and any IOT device that is camera and internet enabled.
Company: Payfave Inc
Raised: $3.0M
Round: Seed Round
Funding Month: February 2023
Lead Investors: Cerracap Ventures
Additional Investors: Flying Point Industries
Company Website: https://www.wink.cloud/
Software Category: Biometric Identity and Payments Platform
About the Company: Wink provides a device-agnostic multifactor biometric identity and payments platform that combines advanced face and voice recognition, AI, advanced ML, and ChatGPT technology for fast, secure passwordless login and payment experiences. Wink has been recognized as one of the top biometric startups and has several patents pending on using biometrics in passwordless authentication, e-commerce, retail, and car payments. Wink payments platform supports major payment methods such as credit cards, debit cards, and major wallets popular with consumers. Wink’s platform also supports sending biometric payments to more than 200 major gateways. Wink’s technology also provides advanced network tokenization and PCI-compliant data protection to customers looking to bring fraud-free payments to their consumers.
Source: https://wink.cloud/resources/wink-expands-seed-round-with-additional-3m-in-new-funding/