Handwave provides a biometrics-as-a-service platform that enables users to authenticate and make payments using a unique palm vein scan, eliminating the need for physical cards and devices. This technology enhances security and efficiency by streamlining transactions and access to services, reducing the risk of fraud and saving time during the payment process.
Funding
$644.4K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional payment methods rely on physical cards, devices, or digital tickets, which can be lost, stolen, or require manual entry of PINs or passwords. This creates security vulnerabilities and inefficiencies in transactions and access control.
Solution
Handwave offers a biometrics-as-a-service (BaaS) platform that uses palm vein scanning for authentication and payments, eliminating the need for physical cards and devices. A quick scan of the palm vein pattern allows users to pay for goods, attend events, access services, and identify themselves. The platform streamlines transactions, enhances security by reducing fraud risk, and improves user convenience by integrating loyalty programs and storing transaction history in a user profile.
Target Audience
Handwave targets service providers across various sectors, including retail, events, public transport, and financial services, as well as consumers seeking a more convenient and secure payment and authentication method.
Features
- Palm vein biometric authentication for secure and fraud-resistant transactions
- Mobile application for user registration, profile management, and transaction history
- Integration with loyalty programs for streamlined rewards and benefits
- Support for various use cases, including payments, event access, public transport, identification, and access control
- Enterprise cloud infrastructure with multiple security certifications
- API for service providers to integrate palm-based authentication into their systems