Biometric payment cards venture, Zwipe, has raised $14 million in an offering of new shares ahead of a planned debut on the Merkur Market Oslo Bors. It will use the cash to scale up the company in preparation for a commercial roll-out in the second half of 2019.
CEO André Løvestam says “We are 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.”