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Zwipe

Can a biometric authentication platform become the de facto fingerprint-card infrastructure layer licensed by card manufacturers and banks worldwide?

Founded2009
HQOslo, Norway
Latest roundIPO 2019 (Oslo Stock Exchange, ticker: ZWIPE-ME)
IndustryInfrastructure / Card issuing
The story

Founded in 2009 as a biometric technology company, Zwipe pivoted toward becoming a B2B biometric payment card platform, licensing its Zwipe Pay technology to card manufacturers, banks, and regional distributors. Rather than issuing cards directly to consumers, Zwipe operates as an infrastructure enabler — its biometric fingerprint sensor and platform sit inside cards produced by partners such as TGS and ICPS and piloted by banks like Fidor. The company went public in 2019 on the Oslo Stock Exchange but remains small (9 employees, SEK 3M annual revenue), relying on a global partner network across Africa, Asia, Latin America, the Middle East, and Europe.

Last 12 months
Product timeline
2009
Zwipe AS founded in Oslo, Norway, focused on biometric card and wearables technology.· pivot
2019
Zwipe completed its IPO on the Oslo Stock Exchange under ticker ZWIPE-ME.· ipo
2021
ICPS partnered with Zwipe to bring biometric payment cards to Africa and Asia.· card
2021
IC Payment partnered with Zwipe to offer biometric payment cards to banks in Latin America.· card
2022
Fidor Bank in Germany commenced a pilot of biometric payment cards based on Zwipe Pay.· card
2022
TGS (Thomas Greg & Sons do Brasil) partnered with Zwipe to launch biometric payment cards in Brazil.· card
2022
Zwipe and Inkript announced plans to launch Zwipe Pay One in the Middle East.· card
The stack
Accounting gap: none