# Payface

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/payface

- Industry: Financial Services
- Headquarters: Florianopolis, Brazil
- Website: www.payface.com.br
- Total disclosed funding: $9.7M
- Latest round: Series A (Jul 7, 2023)
- Investors on record: 7

## About

Based in Brazil, and founded in 2018 by Ricardo Fritsche and Eladio Isoppo, Payface Pagamentos Ltda, doing business as Payface is a financial technology platform that provides facial biometrics technology for in-store payments. In January 2023, Payface raised venture funding from investor HiPartners Capital&Work. As of January 2023, the firm operates in the states of Santa Catarina, Bahia, Paraná, Minas Gerais, Rio de Janeiro, and São Paulo and employs over 70 workers.

Payface provides a payment system for physical retailers that uses facial recognition to identify customers and collect payments simply by zooming in on their faces. The firm offers mobile and web apps that store customers’ facial identities, mobile numbers, and credit card information, which is used for making instant payments in retail outlets, supermarkets, and other places.

## Funding rounds

- Series A, Jul 7, 2023, $3.1M — Oasis Ventures
- Series A, Jun 10, 2022, $6M — BTG Pactual, Oikos Wealth Management
- Seed, Jun 15, 2020, $0.6M — Alvarez & Marsal Capital, Darwin Startups, BRQ Digital Solutions, Harvard Angels of Brazil

## Investors

- Alvarez & Marsal Capital (https://capitalatlas.ai/funds/alvarez-marsal-capital) — Seed
- Darwin Startups (https://capitalatlas.ai/funds/darwin-startups) — Seed
- BRQ Digital Solutions — Seed
- Harvard Angels of Brazil — Seed
- BTG Pactual (https://capitalatlas.ai/funds/btg-pactual) — Series A
- Oikos Wealth Management — Series A
- Oasis Ventures — Series A