• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

Mobile ID World

Mobile ID World

Identification Revolution

  • Mobile ID
    • What Is Mobile ID?
    • Identity Associations
    • Premier Partners
    • FAQ
  • News
  • Solutions
    • Behavioral
    • Facial Recognition
    • Fingerprint Biometrics
    • Iris Biometrics
    • Second Factor
    • Smart Cards
    • Smartphones
    • Vital
    • Voice
    • Wearable Tech
    • Other
  • Applications
    • Access Control
    • Cloud Technology
    • Commerce
    • Enterprise
    • Healthcare
    • Identification
    • Internet of Things
    • Law Enforcement
    • Strong Online Authentication
  • Exclusive
    • Interviews
    • Featured Articles
    • Podcasts
  • Companies
  • Events

Zwipe to Pursue Nasdaq First North Listing

September 9, 2019

Zwipe to Pursue Nasdaq First North Listing

Zwipe‘s Board of Directors has decided to seek a listing for the company on Nasdaq Stockholm’s First North Growth Market, the company has announced.

The news arrives alongside Zwipe’s interim report for January through June of 2019, in which the company listed revenues of about TNOK 348, reflecting the “pre-commercial stage” of its biometric payment cards business; and a net loss (after tax) of TNOK 36,329 “as the company invests in strategic capabilities.”

The numbers belie Zwipe’s great expectations with respect to biometric payment cards. Numerous financial services firms – not to mention other biometrics players – are involved in the development of fingerprint-scanning payment cards, and mass commercial rollouts of these cards are expected to begin over the coming year.

It was excitement in this area that led Zwipe’s Board to decide to seek a listing on the Nasdaq First North, which was slated to transition to the European Union’s “SME Growth Market” status on September 1st of this year. As Zwipe CEO André Løvestam explained in a statement announcing the move, “the past several months has seen major stakeholders in the emerging biometric payment market invest in preparations for commercialization of biometric payment cards and accompanying offerings,” an expression of confidence that “has enabled several new strategic opportunities for Zwipe that are currently being pursued.”

This was the basis for the Board’s decision, Løvestam explained, adding that “listing on Nasdaq First North Growth Market will take the company closer to the majority of its investors and open up a larger and more dynamic trading market for its shares.”

As for the timing of this listing, that has yet to be determined, with Zwipe’s Board currently evaluating its options.

(Originally posted on FindBiometrics)

Filed Under: Industry News Tagged With: Biometric, biometric payment cards, biometric stocks, biometrics, Fingerprint biometrics, fingerprint recognition, fingerprint scanning payment cards, fingerprint sensors, interim reports, Nasdaq, Nasdaq First North Growth Market, Zwipe

Related News & Articles

Zwipe Pay ONE Has Passed Major Milestones and Risks En Route to Commercialization: CEO

Uniken Provides REL-ID for everis Clients

Xiaomi’s Gaming-focused Redmi K50 Features Curved, Side-mounted Fingerprint Sensor

Primary Sidebar

Register For the Next Virtual Identity Summit

Register now!

Tweets

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

FACEPHI is a global leader in Facial Recognition technology and in Mobile Biometrics technologies. With a strong concentration in the financial sector, FacePhi’s product is rapidly becoming a service used by banks all over the world. Its implementation doesn’t just save money, it is also a way to attract clients and build loyalty, while increasing the security of transactions for both the customer and the business. To learn more about FacePhi, visit https://www.facephi.com/en/

Recent Posts

  • Kenya’s New President Pushes for Digital ID By Year’s End
  • MDL, Digital ID Gain Momentum in State Efforts
  • Brazil-based Selfie Onboarding Startup Reports 250% Sales Jump, Global Expansion
  • ‘All Partners Remain Committed’ to Digital Travel ID Project: Transport Canada
  • North Carolina DMV Seeks Political Support for MDL

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 MobileIDWorld