# Pay By Touch

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pay-by-touch

- Industry: Financial Services
- Headquarters: San Francisco, US
- Website: www.paybytouch.com
- Total disclosed funding: $25M
- Latest round: Series B (Jul 2, 2004)
- Investors on record: 1

## About

Pay By Touch, headquartered in San Francisco, US, specializes in biometric payment solutions, enhancing transaction security and customer experience through innovative fingerprint recognition technology.Founded in 2002 in San Francisco, US, Pay By Touch offers biometric payment solutions to facilitate secure transactions. The company underwent a pivotal transformation in its business operations by focusing on biometric authentication systems. It has successfully raised USD 60.00 mn through its Series C funding round in January 2006, with investors including Plainfield Asset Management, Scout Capital, Quince Associates, and Global Trust Partners. The current CEO is Chandra Spary-Kontinos.Pay By Touch specializes in biometric payment solutions that facilitate secure transactions through fingerprint recognition technology. Their core offerings include a biometric authentication system that allows users to make payments seamlessly without the need for cash or cards, thereby enhancing the customer experience in retail environments. The technology aims to address the challenges of identity theft and payment fraud while streamlining the checkout process for both consumers and businesses. Key end users include retail customers, financial institutions, and merchants who seek to improve transaction efficiency and security. Pay By Touch's products are deployed primarily in markets across North America and select regions in Europe, catering to a diverse clientele spanning grocery stores, convenience stores, and major retail chains.The revenue model for Pay By Touch primarily revolves around partnerships with retailers and financial institutions, leveraging their biometric payment systems in exchange for transaction fees or subscription-based access to their technology. Clients implement the biometric systems, which subsequently process transactions at the point of sale, generating income for Pay By Touch each time a payment is executed. The company’s flagship product enhances security at checkout, potentially translating into increased customer loyalty and repeat business for retailers. Transaction pricing structures generally include a fee per transaction or a monthly subscription for ongoing access to the technology and support services. This alignment with retailers positions Pay By Touch as a vital technology provider in the evolving payment landscape.In January 2006, Pay By Touch raised USD 60.00 mn in Series C financing to support its growth initiatives. The company aims to expand its biometric payment solutions into new markets in Europe and Asia by the end of 2007. Additionally, Pay By Touch plans to launch new products that enhance their biometric authentication systems, although specific release dates have not been disclosed.

## Funding rounds

- Series B, Jul 2, 2004, $25M — Mobius Venture Capital

## Investors

- Mobius Venture Capital (https://capitalatlas.ai/funds/mobius-venture-capital) — Series B