Progeny (acquired by Totm Technologies)

Progeny is a digital identity consultancy and API service provider based in Austria. Their expertise lies in delivering next-generation authentication and payment solutions powered by a generic "Face ID" that allows for secure and seamless payments through facial recognition, eliminating the need for physical gestures. This innovative technology is applicable both online and offline, making it accessible across various devices featuring a camera. Progeny's solution offers merchants a range of benefits including reduced fraud, lowered fees, faster payouts, and a frictionless experience. Notably, Progeny has been recognized at the Central European Startup Awards as the Best Newcomer and a Finalist for Best Fintech Startup, underscoring its impact and potential within the industry. Overall, Progeny's pioneering approach to digital identity and payment solutions positions them at the forefront of fintech innovation. Their unique combination of consultancy services and cutting-edge API technology offers a compelling value proposition to businesses seeking secure and efficient payment solutions. As they continue to make strides in the finance and fintech sectors, Progeny presents an intriguing opportunity for venture capital investors looking to capitalize on disruptive technologies.