LoginID Raises $6M in Seed Funding

LoginID, a San Mateo, Calif.- and Toronto, Canada-based FIDO-certified authentication provider, raised $6M in seed funding.

The round was led by Fabrice Grinda from FJ Labs (Zingy), Will Wang Graylin (Roam sold to Ingenico and LoopPay sold to Samsung, OVLoop, Indigo), George Wallner (founder of Hypercom and LoopPay) Damien Balsan (LoopPay and Mobeewave) and former investors in Mobeewave.  The round also included  investment from Asli RI, the largest KYC provider in Indonesia, and Leonis Investment.

The company intends to use the funds to accelerate the adoption of its passwordless solutions.

Led by Simon Law, CEO and co-founder, LoginID provides a FIDO2 and UAF certified customer authentication, privacy and tokenization platform. The company’s approach adds secure, FIDO-certified biometrics to any website, application or e-commerce, or banking brand. Its APIs and SDKs give enterprises the ability to integrate FIDO-certified authentication in as little as 15 minutes. The funding follows LoginID becoming FIDO UAF 1.1 server certified, in addition to iOS and Android certified.

In addition to the round, the company will add Damien Balsan to its Advisory Board, in addition to Phil Kumnick, CEO of Ipsidy, Hitesh Anand ex Verifone, Citi, and former Chief Product Officer at Verifi a Visa company, and noted cryptographer Professor Alfred Menezes from the University of Waterloo.