What does PopID do?
PopID provides a comprehensive platform that enhances digital interactions and payments through consumer-initiated biometric verification using face and palm recognition. This technology enables consumers to check in, earn loyalty rewards, place orders, and make secure payments with a personalized experience.
How much did they raise?
In this equity financing round, an undisclosed amount was raised with lead investors such as Verifone, PayPal, Commerce Ventures, Chipotle’s Cultivate Next venture fund, and Visa Ventures taking part.
What are their plans for the money?
The company aims to use the funds to further develop and scale its biometric technology and expand its network of strategic partnerships. By enhancing its integration with payment systems, like the recent initiative to retrofit Verifone terminals, PopID is set to deliver more secure and streamlined digital transactions.
What have they achieved so far?
PopID has already demonstrated significant progress by partnering with Verifone to retrofit existing terminals and embed biometric capabilities in future devices, along with attracting prior investments from Cali Group and the Ching family.
