8 years ago

IrisGuard Secures Investment from Goldman Sachs for Iris Recognition Technology

  • IrisGuard, a UK-based provider of Iris Recognition Technology (IRT) payment solutions, has received an investment from Goldman Sachs’ Merchant Banking Division

  • Founded in 2001, IrisGuard serves millions of unbanked customers through its EyePay® Platform, used by the United Nations and government aid agencies around the world for the delivery of financial aid

  • The investment will be used to further develop IrisGuard's technology and expand its reach.

      • ProblemTechnology

      "Millions of people around the world are unbanked, making it difficult for them to access financial services and receive aid. Traditional methods of identity verification can be unreliable, slow, and expensive, leading to fraud and exclusion."

      Solution

      "IrisGuard's EyePay® platform provides a secure and efficient way for unbanked individuals to access financial services using their unique iris pattern. The technology is used by aid organizations, governments, and businesses to deliver cash-based transfers, food vouchers, and other assistance."

      Covered on