Saffe

paymentsmobile/digital wallet

FOUNDING YEAR: 2015
LOCATION: Germany
Last Update: 01/05/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

About

Saffe Payments is a Facial Recognition provider and a payment app that leverages our world-class facial recognition technology to make life easier and more secure.

MEDICI Analysis

Saffe Payments is an Information Technology and Services platform.It is a mobile payment app that leverages world-class facial recognition technology to make life easier and more secure.

Focus

PRODUCTS & SERVICES

Anti-fraud facial recognition focused on payments and financial services authentications.

MAIN CLIENTS

Retail consumers

PRIMARY PROBLEM SOLVED

Secure facial recognition authentication, with our liveness detection system Saffe solution is able to check if the selfie image taken by the user is real or a fake like a video or mask. This fraud was the biggest issue to deploy facial biometrics into financial industry. Saffe solutions with facial recognition offer consumer the experience to pay with a selfie in-store and online.

INTELLECTUAL PROPERTY

Patent(s) FILED

company provided insights

Traction

REVENUE

$0 - $99k

ACTIVE USERS:

4

ACTIVE USERS COMMENT:

Saffe have pilots with partners in 3 areas: Europe, Colombia and Brasil. In EU whe are running pilots with 2 merchants in UK and Spain with Stripe and FCA the regulator. In Colombia have our first big contract and Saffe is integrated with the biggest payment acquirer Redeban ready for a rollout and in Brasil we are integrating with the biggest issuers Bradesco and Banco do Brasil for pilots next trimester. All Saffe iniatives are followed and some in collaborarion with Visa.

People

FOUNDERS

André Coelho

Giovani Chiachia

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Queen City FinTech

Wayra

Momentum

FUNDED

YES

TOTAL FUNDING

$199.45 K

DATE OF LAST FUNDING

Apr 2018

SEED & PRIOR FUNDING

$20 K

SEED CLOSED ON

Apr 2018

CONVERTIBLE DEBT

$179.45 K

LISTED

NO

For Investors

FUNDING NEEDED:

$1.2 M

USES OF FUNDS RAISED:

1. product

MONTHS LEFT WITH CURRENT CASH BURN RATE:

18 months from 22 Nov, 2018

Innovation Programs

BASICS

FOUNDING YEAR:

2015

LOCATION:

Germany

Views:

157 VISITORS | 271 VIEWS
LATEST FUNDING ROUND

$199 K

TOTAL EMPLOYEES
11-50

About

Saffe Payments is a Facial Recognition provider and a payment app that leverages our world-class facial recognition technology to make life easier and more secure.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Saffe Payments is an Information Technology and Services platform.It is a mobile payment app that leverages world-class facial recognition technology to make life easier and more secure.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack

Saffe

About

Saffe Payments is a Facial Recognition provider and a payment app that leverages our world-class facial recognition technology to make life easier and more secure.

Focus

PRODUCTS & SERVICES

Anti-fraud facial recognition focused on payments and financial services authentications.

TOP PROBLEM SOLVED

Secure facial recognition authentication, with our liveness detection system Saffe solution is able to check if the selfie image taken by the user is real or a fake like a video or mask. This fraud was the biggest issue to deploy facial biometrics into financial industry. Saffe solutions with facial recognition offer consumer the experience to pay with a selfie in-store and online.

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Saffe developed a face recognition platform for secure digital authentication. Our first product is a mobile payment app powered by proprietary engine, that require no acquisition of extra hardware from the merchant and no belongings from the consumer, not even his smartphone to pay. We also offer API and SDK for clients libe HSBC to use our antifraud biometrci engine.

KEY DIFFERENTIATORS

Unlike competitors like Paypal, Applepay, Izzetle or Android Pay we offer a solution for consumers to pay without any device even the smartphone, and for the merchant no extra hardware to read the payment method only need is a device with camera. Saffe owns all the tech developed with deep learning for face recognition and liveness detection. We also have required patents for the biometric payment

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

Consumer

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Customer facing

STRATEGIC CLIENTS AND PARTNERSHIP

Visa Inc. : certification process and inovation program winner

Wells Fargo & Company : investor of QC fintech program

Bank of America : investor of QC fintech program

redeban : client

sicredi : client

bradesco : fintech program

Telefonica/O2 : investor

NTT Communications, Corp. : investor

Stripe : processor

Pagar.me : processor

PayPal : processor

People

FOUNDERS

André Coelho

Giovani Chiachia

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO, FOUNDER: André Coelho

CTO, FOUNDER: Giovani Chiachia

INVESTORS:

Queen City FinTech

Wayra

Momentum

FUNDED

YES

TOTAL FUNDING:

$250 K

LISTED

NO

FUNDING SERIES
Series A May 2018 --- USD250 K at a USD7.8 Mvaluation Comment on Series A Docomo and Telefonica as investors

Comment on Valuation

post money