6 years ago

PixelPin Secures £1.5 Million for Image-Based Authentication Expansion

  • PixelPin, a UK startup specializing in image-based authentication, has secured £1.5 million in pre-Series A funding

  • The round was led by SBI Investment, a subsidiary of SBI Holdings, with an investment of £1 million from the SBI AI & Blockchain Fund

  • Existing angel investors contributed an additional £500,000

  • PixelPin plans to use the funds for customer acquisition, product development, and expansion into Japan and the wider Asian market

  • The company's platform, hosted on Microsoft Azure, replaces passwords and PINs with a picture-based authentication system, offering a more secure and user-friendly login experience

  • PixelPin's platform boasts a high success rate, with users logging in within 10 seconds on average and a login success rate three times higher than passwords.

      • ProblemTechnology

      "Remembering passwords and PINs for online accounts is cumbersome, insecure, and leads to user frustration and security breaches."

      Solution

      "PixelPin provides image-based authentication, allowing users to log in securely and easily by selecting points on a chosen image, eliminating the need for passwords and PINs."

      Covered on