PayByFace® is a Romanian startup established in 2016 with the aim to revolutionize digital payments and loyalty ecosystems. The company's slogan "facilitate a seamless & secured digital payments and loyalty ecosystem for a faster, more convenient shopping experience" depicts its core mission. PayByFace® seeks to enhance the shopping experience by offering faster transactions and valuable rewards to strengthen loyalty and boost turnover.
The company offers a frictionless check-out experience, allowing shoppers to make purchases with just a selfie, eliminating the need for cash, cards, or phones. This innovative approach provides a global payment, loyalty, and DOOH ecosystem, powered by PayByFace®. The company promises a 1-second authentication and payment transactions below 5 seconds, making it a convenient and efficient solution for users.
PayByFace® also emphasizes security and control, as shoppers create unique digital eWallets using their faces as highly secured virtual cards. This method provides four simultaneous points of transaction validation, enhancing security compared to traditional payment methods.
Furthermore, PayByFace® caters to families and businesses by offering an innovative cardless payment method with individual budget allowances, instant receipts, and personalized offers. The company's focus on low to no-touch payment transactions, improved KYC, built-in CRM, and OOH digital advertising ecosystem positions it as a prominent player in the payments industry.
Currently, there is no publicly available information regarding the company's last investment or the investors involved. However, PayByFace® boasts an experienced EU leadership team, underscoring its potential for growth and success in the future. With its innovative approach to redefining digital payments and loyalty programs, PayByFace® presents an intriguing investment opportunity for venture capitalists seeking to support disruptive fintech solutions.
