PixelPin raises £1.5m in a pre-series A round led by SBI Investment to fund Asian expansion.
The pre-series A funding round was led by SBI Investment and will support expansion into Japan.
PixelPin develops image-based authentication technology that replaces traditional passwords and PINs with pictures. Its cloud platform is designed to secure online accounts for sectors such as banking and retail.
PixelPin has secured £1.5m in a pre-series A funding round led by SBI Investment, with additional backing from existing angel investors. The fresh capital will support continued product development, target new customers in finance and retail, and fund the establishment of a Tokyo office to drive expansion into Japan and broader Asian markets.
The company offers a cloud-based authentication platform hosted on Microsoft Azure, allowing users to log into accounts by selecting four specific points on an image. The latest injection of capital follows previous funding that has facilitated international partnerships across Asia, Europe, and the Americas.
From the founder
"This latest round of investment is a fantastic step forward for PixelPin and illustrates the level of confidence the global investor community has PixelPin and the UK fintech industry,"
Geoff Anderson
CEO and co-founder at PixelPin
Investor perspective
"For everyone who has been locked out of their online banking for guessing their logins one too many times it’s clear that the passwords and PINs we’re forced to use aren’t fit for purpose,"
Yoshitaka Kitao
Representative Director, President & CEO, SBI Holdings
Use of funds
- 01Continue product development
- 02Expand into international markets
Investors
Categories
About the company
PixelPin
PixelPin replaces traditional passwords and PINs with image-based authentication technology.