Less than two weeks after launching its equity crowdfunding campaign on Crowdcube, payment services Fingopay successfully secured its initial £750,000 funding target from more than 200 investors.
Created by Sthaler, in partnership with Worldpay, VISA, and Nets, the identity and payment service was originally designed for music festivals. The company noted it has since caught the attention of retails sectors that are in need of fast, safe, accurate customer experiences. Fingopay notably enables efficient speed and volume of transactions for merchants.
Fingopay notably uses Hitachi’s VeinID to authenticate and vertify each payment. The payment services also noted that it has proven customers and retailers want it through successful pilots at Proud Bar, Camden; Brunel University, London and Copenhagen Business School. While sharing more details about the company, CEO of Fingopay, Nick Dryden, stated:
“We have built an incredible team here with extensive experience. And we are looking to capitalise on this opportunity. With your investment we can start out city-by-city rollout strategy. And build Fingopay as a scheme that is available everywhere. Together we will create a global platform for payment and identity, giving you control over your identity. All you need to do is use your fingers, press invest and you will own part of the future.”
Ray Hockley, Senior Solution Manager at the services’ partners Hitachi then added:
“We have been working closely with Fingopay to build a pipeline of business. You don’t need a credit card. You don’t need a phone. You don’t need a QR code. It’s just you, all you need to pay is your finger.”
The campaign is set to close later this month.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!