Observed Signal · Aug 1, 2025 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Handwave raises $4.2M for palm-based payments and identity platform
Handwave, a Latvian biometric startup, raised $4.2 million in Seed funding to launch its palm-based payment and identity platform in Europe and the US. The round was led by Practica Capital, with participation from FirstPick, Outlast Fund, and Inovo.vc. The company's technology allows users to link payment cards, loyalty cards, and identity credentials to a secure digital wallet, then pay, verify age, or activate loyalty by holding their palm over a reader. Handwave has raised $5 million in total funding to date, including an earlier $780,000 angel investment. The new capital will fund product development, regulatory certifications, and live retail pilots.
Seed funding for a palm-based identity and payment platform; relevant to identity technology and in-store retail experiences, but limited immediate impact on the broader ad tech ecosystem.
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Key Takeaways & Evidence Grounding
- Handwave raised $4.2 million in Seed funding.
- The round was led by Practica Capital with support from FirstPick, Outlast Fund, and Inovo.vc.
- Handwave is a Latvian biometric startup specializing in palm-based payments and identity verification.
- The company has raised $5 million in total funding to date, including an earlier $780,000 angel investment.
- Handwave plans to launch its platform in Europe and the US.
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1 Entity mapped“led by Practica Capital...”
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