DigiDoe raises cash to “revolutionise creaky payments infrastructure”
DigiDoe, a London-based startup that offers biometrics-based payments to merchants without the presence of a card or phone, has secured £852,500 in funding.
Led by Joint Journey, along with several individual investors, this gives DigiDoe a 12 month runway to enhance its proprietorial technology.
It’s an initial institutional investment round, with a second tranche of investment set to close at the end of January. The business was established with £410,000 from the three founders, family and friends.
Alexandra Vidyuk, Co-founder and Executive Director, DigiDoe, pictured above, says: “It’s immensely encouraging to have customers knocking at the door so early in our journey, as we revolutionise the creaky payments infrastructure that businesses have to deal with every day.”
“While cash has gone out the door and card and phone payment capabilities have soared in recent months, behind the scenes the global payments system is still stuck in the dark ages.”
“We are changing all that and more. With our secure, fraud free solution all you’ll need to pay for dinner in future is your smile.”
DigiDoe is currently trialling its patented multi-factor biometrics-based 7D user authentication technology which leverages the likes of secure channel “signatures”.
Sergey Dashkov, Co-founder, Joint Journey, says: “DigiDoe’s cutting-edge technology unleashes the payments system of tomorrow, and we are thrilled to be part of that journey. The payments infrastructure of today is ripe for disruption and we believe DigiDoe is the disruptor to succeed.”
