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Biometric payment card provider raises $14M to support market expansion

January 22, 2019

Zwipe, a biometric payment card provider based in Oslo, Norway, has raised an additional $14 million in a new funding round.

The offering comprised a total 6 million new shares of Zwipe stock at a price per share of $2.33, according to a company press release.

Zwipe has applied for admission to trade on Merkur Market and expects that its application will be approved by Jan. 25, with trading to begin on Jan. 28.

"Zwipe is at the forefront of a global shift towards more secure and convenient contactless payments and the market is primed for growth," Zwipe CEO Andre Lovestam said in the release. "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."