Founded Year

2018

Stage

Series A | Alive

Total Raised

$680K

About Payface

Payface develops facial recognition technology for touchless payment. It allows people to buy things without using a card, wallet, or cash or remembering a password. The company was founded in 2018 and is based in Florianópolis, Brazil.

Payface Headquarter Location

Acate, SC 401 Km 4, Florianópolis

Florianopolis, 88032-000,

Brazil

+55 11 4858-9951

ESPs containing Payface

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Financial Services / Payments Tech

Biometric payments companies provide a POS technology (e.g., software, wallet, platform) that uses biometric authentication. These solutions validate a payer’s identity and approve payments using their fingerprints, palm, voice, iris, or face. Many biometric payments companies leverage AI, machine learning (ML), or blockchain tech to assess whether a payer’s identity is authentic. Other startups c…

Payface named as Outperformer among 5 other companies, including PopID, PopCom, and Saffe Payments.

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Payface's Products & Differentiation

See Payface's products and how their products differentiate from alternatives and competitors

  • Payface

    Payment Initiation Service Provider through facial recognition. We connect the face of the customer to their preferred payment method streamlining the in-person checkout experience by providing identification and payment process in one fluid and convenient journey.

    Differentiation

    a) We are the only player in LATAM which integrates facial recognition and payment services. 

    b) Payface holds a PCI DSS 3.2.1 certification; 

    c) Tier 1 proprietary biometric engine with 1-N optimized seachs; 

    d) Use of Liveness detection system with ISO 30107-3, Level 1 and 2 certification; 

    e) Already integrated with POS Software Providers that can serve up to 80% of the Brazilian Food & Beverage Retail Market; 

    f) Integration with all of Brazil's top acquirers; 

    g) First and only biometric payment active operation for physical retail accredited by a card network (Mastercard). 

Expert Collections containing Payface

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Payface is included in 3 Expert Collections, including Payments.

P

Payments

2,323 items

Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.

A

Artificial Intelligence

9,093 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

F

Fintech

3,392 items

Excludes US-based companies

Latest Payface News

Biometric retail payments set for major push with Mastercard platform launch

May 21, 2022

May 21, 2022, 12:19 pm EDT A biometric retail payment platform from Mastercard is launching in Brazil with initial partner Payface, with a host of other biometrics providers lined up for subsequent rollouts, in a development with potential major impact on the market and one of the most-read stories on Biometric Update this week. Miami Airport’s biometrics deployment from NEC and SITA is expanding again, and Trust Stamp and Vsblty led a large group of biometrics providers posting major financial gains. Top biometrics news of the week Miami International is continuing its leadership in biometrics adoption among U.S. airports with the expansion of biometric boarding with technology supplied by SITA and NEC to all gates  by the end of next year. At more than 130 gates, MIA says it will be the largest airport biometrics implementation in the country. Mastercard is launching ‘pay by smile’ with face biometrics from Payface, an ID R&D partner, in Brazil as the first implementation of its new retail Biometric Checkout Program . The launch consists of a pilot at five supermarket locations in São Paulo. PopID, NEC, PaybyFace, Fujitsu and Aurus are other partners in the biometric retail payment scheme. Vsblty’s 164 percent y-o-y revenue jump is impressive, but Trust Stamp’s Q1 tops it at 400 percent, as publicly traded biometrics providers reported major gains. BIO-key’s revenue increase was relatively modest, but driven by stronger recurring revenues, while Precise booked a 39 percent revenue boost. Idex, AuthID, Ping Identity and ForgeRock also provided upbeat updates. Taiwan has added national ID numbers to its digital health passes, in an attempt to compromise with insurance companies complaining that claims could not be authenticated . The insurance industry appears largely dissatisfied, asking for the doctor diagnosing the claimant to be identified as well. A future version of Uganda’s national ID card could include DNA biometrics , according to a government minister, prompting concerns about both cost and data privacy. Fingerprints are already collected, and ID coverage is far from complete with the current system, critics point out. The U.S. Federal Trade Commission should look into the possibility that ID.me misled the government about the kind of biometrics it provides, according to a letter from a group of Democratic Senators . The request is ostensibly in response to a reversal in public statements about 1:N facial recognition from the company’s CEO. Aware CCO Rob Mungovan provides practical advice for businesses seeking greater security for enhanced and hybrid work environments through biometrics in a guest post. Replacing passwords with biometric authentication can benefit both companies and employees, but must be done properly. The U.S. Government is looking into the possibility of making clothing with built-in networked sensors to collect a wide range of information about wearers and their environment. The program, shortened as ‘ Smart ePants ,’ is somewhat vague at this early stage on the type of data to be collected, but it includes audio and visual information. Proposals for a tranche of $61 million in funding  for the EU Digital Identity Framework, including the EU Digital Wallet, will be accepted through mid-August, the European Commission announced just ahead of the original May 17 deadline. The second set of proposals relates to digital ID wallet pilots, digital signatures and personal identity data sharing. Digital identity verification needs to become more holistic to provide the level of fraud protection that face-to-face interactions do, IDnow Director of Document Management and Fraud Lovro Persen writes in a Biometric Update guest post. Combined with greater standardization, more detailed verifications will address the document fraud  that enables identity theft. Indonesia’s Vida raised more than $47 million to boost the digital economies of Southeast Asia  with digital identity. The market is a relatively green field in market, an investor suggested, but the whole industry remains hot, with more than $200 million raised since April. The Biometrics Institute is currently running its biometrics industry survey to help inform businesses, governments and academia on the state of the industry. Take the survey here . The World Bank’s Mission Billion Innovation Challenge is soliciting ideas to address persistent difficulties in the Identification for Development (ID4D) agenda. A blog post  checks in on the progress made by past winners Simprints and Special Olympics Nigeria . Iris ID’s Mohammed Murad spoke to Biometric Update on the floor of IFSEC 2022  about a key partnership, multimodal applications and global expansion. The company was showing off its new Iris Bar at the event, among other biometric devices. Please let us know of any content, whether interview, editorial or podcast, that you think we should share with the people in biometrics and digital identity, in the comments below or through social media.

  • When was Payface founded?

    Payface was founded in 2018.

  • Where is Payface's headquarters?

    Payface's headquarters is located at Acate, SC 401 Km 4, Florianópolis, Florianopolis.

  • What is Payface's latest funding round?

    Payface's latest funding round is Series A.

  • How much did Payface raise?

    Payface raised a total of $680K.

  • Who are the investors of Payface?

    Investors of Payface include BTG Pactual, Oikos, MasterCard Start Path, Qatar FinTech Hub, Conrado Engel and 6 more.

  • Who are Payface's competitors?

    Competitors of Payface include Token, Keyo, PayByFace, Paycode, PopID and 8 more.

  • What products does Payface offer?

    Payface's products include Payface.

  • Who are Payface's customers?

    Customers of Payface include Super Mercado Zona Sul and St | Marche Supermercado.

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