Handwave Raises $4.2M Seed Round to Revolutionize In-Store Payments with Palm-Scanning Technology

Handwave is thrilled to announce a successful funding round, raising €4,200,000 to accelerate its mission of revolutionizing in-store payments with groundbreaking palm scan technology. At Handwave, we are building the future of frictionless transactions—eliminating the need for phones or wallets by simply using your palm. This investment will supercharge our efforts to enhance everyday shopping experiences, allowing customers to pay, verify their age, and collect loyalty rewards with a single, secure scan. With our cutting-edge system, merchants can enjoy streamlined operations, including faster lines and more efficient checkouts, resulting in happier customers and increased loyalty. The technology behind Handwave is built with stringent security measures, fully compliant with PCI-DSS, PSD2, and GDPR regulations, ensuring that both transactions and personal data are protected through advanced biometric authentication and robust encryption. This injection of funds will not only fuel product development and market expansion but also help us forge strategic partnerships and scale our operations globally. With strong backing from leading VCs across Europe, we are excited to extend our reach beyond the European Union and deliver superior in-store payment solutions worldwide. At Handwave, we’re on a mission to wave goodbye to checkout friction, making everyday transactions quicker, safer, and more convenient for everyone involved. As we continue to hire top talent and explore innovative pilot projects, we invite merchants and investors alike to join us on this transformative journey into the next generation of digital commerce.