What is Handwave?
Handwave is at the forefront of biometric payment technology, developing a system that leverages palm vein patterns for secure and effortless authentication. This innovative solution aims to eliminate the reliance on traditional payment methods like cards and smartphones, offering a more integrated and secure user experience. By pioneering this advanced biometric approach, Handwave is positioning itself as a key player in the fintech sector, addressing the growing demand for convenient and robust security in financial transactions.
How much funding has Handwave raised?
Handwave has raised a total of $4.2M across 1 funding round:
Seed
$4.2M
Seed (2025): $4.2M with participation from Practica Capital, Firstpick, and Inovo
Key Investors in Handwave
Practica Capital
Practica Capital is a venture capital firm focused on backing entrepreneurs through various stages of funding, including seed and series A investments. With over 132 million euros under management, the firm has made more than 70 investments across diverse sectors such as biotech, fintech, and e-commerce.
Firstpick
FIRSTPICK VC is a high-speed venture capital fund that supports ambitious founders in the Baltics at the pre-seed and seed stages. The fund focuses on AI-first software and typically invests between 100k to 500k, with follow-on capacity up to 1M.
Inovo
Inovo is a seed-stage venture capital firm that supports ambitious founders from Central and Eastern Europe (CEE) who aim for substantial company growth, including revenues exceeding 100 million. They invest between 0.5 million to 4 million euros and focus on multi-vertical industries.
What's next for Handwave?
With the recent influx of major strategic investment, Handwave is poised for significant expansion. The company is likely to focus on scaling its operations, enhancing its technology infrastructure, and broadening its market reach. This funding will enable Handwave to further develop its secure contactless payment and authentication solutions, potentially exploring new partnerships and applications for its palm vein biometric technology. The strategic backing suggests a strong confidence in Handwave's business model and its potential to disrupt the traditional payment and authentication industries.
See full Handwave company page
