FinTechFunding

OwnID: Raises USD6.2M In Seed Funding

OwnID Raises USD6.2M In Seed Funding

  • OwnID, a Tel Aviv, Israel-based provider of a passwordless identity platform, raised $6.2m in seed funding
  • The round was led by Mayfield. SAP also invested in the company
  • The company offers a “Skip Password” add-on which blends into existing registration and login forms (no app needed)
  • The button enables users to authenticate with their phone biometrics
  • When browsing on desktop or any other device, users scan a QR code and are authenticated by their phone
  • The company can be added to existing forms by any developer using company’s self-serving console
Previous article
Western Union: Expands partnership with UK Post Office
Next article
Fiserv & The Clearing House: Expand Access to Real-Time Payments
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

FinTech

NYSE Parent Invests $600M in Polymarket, Strengthening Market Position

This significant investment signals confidence in the future of predictive markets.Highlights: NYSE's parent company allocates $600M to Polymarket.Investment...
FinTech

Nexi Expands SEPA Direct Debit with Danish Banks, Enhancing Payments Integration

Nexi's collaboration with Danish banks aims to strengthen payment services across Europe.Highlights: Nexi partners with several Danish banks...
FinTech

Lloyds Confirms App Glitch Exposed Data of Almost Half a Million Customers

The significant data breach prompts concerns over customer privacy.Highlights: Lloyds Banking Group admits to a data breach affecting...
FinTech

Mastercard Restricts Sale of Nets Payments Unit Purchased for $3.2 Billion

Mastercard looks to divest its Nets payments segment as part of strategic realignment.Highlights: Mastercard is seeking to sell...