Seed · Fintech · Riga, Latvia · Founded 2021 · 8–8 employees
Handwave transforms palm biometrics into a secure contactless payment and identity platform, replacing traditional cards, phones and apps with a simple palm gesture. Founded in 2021, the startup enables customers to pay, verify age, activate loyalty programs and check-in using proprietary technology that captures both surface palm lines and subdermal vein structures for enhanced security. The company raised €3.6 million in seed funding in August 2025 led by Practica Capital to launch across Europe and the US, with total funding reaching €4.3 million including earlier angel investments. Notable partnerships include an agreement with Visa to accelerate deployment and collaborations with major European financial institutions.
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