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Founded Year

2015

Stage

Incubator/Accelerator - VI | Alive

Total Raised

$300K

About Saffe

Saffe specializes in fraud prevention and personal data protection in the technology sector. The company offers a service that combines artificial intelligence, facial biometrics, cryptography, and distributed computing to verify customers and protect businesses from online fraud. Its products are GO Safe and Safe SaaS. It primarily serves the financial services sector, the e-commerce industry, and the access control domain. It was formerly known as Facewallet. It was founded in 2015 and is based in London, United Kingdom.

Headquarters Location

Cranwood Street, 5-7 Finsgate

London, England, EC1V 9EE,

United Kingdom

+55 11 99173-1903

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Saffe's Product Videos

Saffe's Products & Differentiators

    Liveness

    Proof-of-life technology capable of proving that you are a person at the time of authentication.

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Research containing Saffe

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Saffe in 1 CB Insights research brief, most recently on Oct 12, 2022.

Expert Collections containing Saffe

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

Saffe is included in 5 Expert Collections, including Regtech.

R

Regtech

1,921 items

Technology that addresses regulatory challenges and facilitates the delivery of compliance requirements. Regulatory technology helps companies and regulators address challenges ranging from compliance (e.g. AML/KYC) automation and improved risk management.

S

SMB Fintech

1,648 items

P

Payments

2,821 items

Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.

A

Artificial Intelligence

11,383 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

F

Fintech

12,502 items

Excludes US-based companies

Saffe Patents

Saffe has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

6/22/2018

Payment systems, Credit cards, Payment cards, Mobile payments, Payment service providers

Application

Application Date

6/22/2018

Grant Date

Title

Related Topics

Payment systems, Credit cards, Payment cards, Mobile payments, Payment service providers

Status

Application

Latest Saffe News

Facial recognition deployed for subway payments in Japan, Kazakhstan and Russia

Dec 21, 2023

Dec 21, 2023, 3:00 pm EST More cities are experimenting with face biometrics in public transportation but the rollouts are proceeding at very different paces. The Southern Japanese city of Kumamoto now allows tram passengers to pay with their faces using facial recognition technology from Saffe . The Kumamoto City Transportation Bureau commenced the face payment pilot on December 20, allowing passengers to register through the Quick Ride or Bankit mobile apps. The test will run until the end of March 2024. Participating in the pilot are R.D.Works, the Japanese sales agent for Saffe’s facial recognition product, Marubeni Corporation and Marubeni Network Solutions (MNETS), Knowledge Creation Technology (KCT), Lecip, and Aplus. Marubeni has previously conducted similar pilots in Toyama and Nagano Prefectures. Other Japanese cities have been trialing the technology in public transportation, including Osaka . Kazakhstan’s capital Almaty has also launched a facial recognition payment pilot on its subway in collaboration with Kazakhstan’s largest bank, Halyk Bank, and its software Face Pay . For now, passengers will be able to use the service through the bank’s mobile app at two stations only. Other stations will be added gradually, Current Time TV reports . “Security is 100 percent ensured,” says Almaty metro representative Zhazira Baimukhambetova, adding that the passenger information is stored by the bank. “Neither the metro, nor the bank employees, nor the cash desk employees know the passenger’s personal information.” The Almaty metro transports over 100 thousand people daily. Kazakhstan and other Central Asian countries have been boosting investment into biometric technologies, driven by digital government services. Meanwhile, the Moscow Metro is seeing 150,000 trips paid with biometrics every weekday. The subway system in the Russian capital has been using a facial recognition system called Face Pay, reaching 320,000 users in May. It has since added a new biometric payment method, allowing select citizens to ride the trains using the Moscow Resident Social Card. However, the number of Face Pay users seems to be slowing down: Although public transportation authorities predicted that the number of passengers using facial recognition will reach half a million by the end of the year, in its latest release the Moscow Metro says that the number of people paying with biometrics is now at 330,000, just 10,000 more than in May. The subway system made headlines this year for its biometric surveillance system Sfera, which is used to track activists, journalists and members of the opposition.

Saffe Frequently Asked Questions (FAQ)

  • When was Saffe founded?

    Saffe was founded in 2015.

  • Where is Saffe's headquarters?

    Saffe's headquarters is located at Cranwood Street, 5-7, London.

  • What is Saffe's latest funding round?

    Saffe's latest funding round is Incubator/Accelerator - VI.

  • How much did Saffe raise?

    Saffe raised a total of $300K.

  • Who are the investors of Saffe?

    Investors of Saffe include FinTech Hive Accelerator, Plug and Play APAC, Plug and Play Japan, b-ventures, Poland Prize and 9 more.

  • Who are Saffe's competitors?

    Competitors of Saffe include Onfido and 8 more.

  • What products does Saffe offer?

    Saffe's products include Liveness.

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BioCatch

BioCatch is a company specializing in behavioral biometrics for fraud prevention and digital identity verification within the financial services sector. The company offers solutions that analyze online user behavior to detect and prevent fraud, money laundering, and various cyber threats. Its services are primarily utilized by financial institutions, fintech companies, and telecommunication providers. It was founded in 2011 and is based in Tel Aviv, Israel.

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Fourthline

Fourthline provides know-your-customer (KYC) and anti-money laundering (AML) compliance solutions. The platform authenticates a lot of identities and offers KYC and digital onboarding services. Fourthline was formerly known as Safened. Fourthline was founded in 2013 and is based in Amsterdam, Netherlands.

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HyperVerge

HyperVerge is a business-to-business software as a service company that provides AI-based identity verification (KYC) and business verification (KYB) solutions for companies in fintech, insurance, lending, gaming, logistics, and edtech. The company was founded in 2014 and is based in Palo Alto, California.

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