Wink, a Texas and California based, biometric identity and payments platform, is pleased to announce that it has received an additional $3M million of seed investment.
This seed equity round “follows the $2.85 million previously raised in a pre-seed round in 2021-22.”
The additional financing is “led by CerraCap Ventures, a B2B enterprise software focused early stage venture firm, and joined by Flying Point Industries and several family offices from Texas and California.”
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, SmartTVs, POS terminals and any IOT device that is camera and internet enabled.”
The way people interact “with brands is changing, and the fast emerging ecosystem needs a more streamlined omni-channel experience that puts consumer security, privacy, trust and experience at the forefront.”
Merchants and service providers “have grown fatigued from the incessant implications of fraud across several sectors, and the loss of revenue from account access, unauthorized account takeovers and illegal account sharing.”
Wink is committed “to answering that call and to delivering the best product and experience for our customers that fits seamlessly into both the current environment and the upcoming challenges of new technologies such as Web3, Metaverse, Connected Cars and many other new avenues of customer interaction.”
Deepak Jain, founder and chief executive officer, Wink, 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.”
As noted in the update:
“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.”
CerraCap Ventures, a global fund and a lead investor in Wink shared:
“Investing in Wink is not just about putting money into a cutting-edge technology company, it’s about investing in the future of secure and seamless identity and payment experiences. Wink is a great fit for our Sales and Scale model enabling disruption and creating win-win outcomes,” said Saurabh Ranjan, CEO and founder of CerraCap Ventures. “Wink is already demonstrating amazing reception in the multiple segments of the market, from e-commerce to connected cars to smart homes and we can’t be more excited about the future with Wink.”
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.”