Touchtech Payments
Founded Year
2014Stage
Acquired | AcquiredTotal Raised
$1.12MValuation
$0000About Touchtech Payments
Touchtech Payments specializes in online authentication. The company primarily provides services which aid in online transaction authentication, using patent-pending 3-factor strong technique.
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Research containing Touchtech Payments
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Touchtech Payments in 1 CB Insights research brief, most recently on Feb 25, 2021.
Expert Collections containing Touchtech Payments
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Touchtech Payments is included in 2 Expert Collections, including Payments.
Payments
2,682 items
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
Fintech
5,143 items
Touchtech Payments Patents
Touchtech Payments has filed 1 patent.
Application Date | Grant Date | Title | Related Topics | Status |
---|---|---|---|---|
9/28/2016 | 2/14/2023 | Payment systems, Credit cards, Payment cards, Contactless smart cards, Debit cards | Grant |
Application Date | 9/28/2016 |
---|---|
Grant Date | 2/14/2023 |
Title | |
Related Topics | Payment systems, Credit cards, Payment cards, Contactless smart cards, Debit cards |
Status | Grant |
Latest Touchtech Payments News
Apr 23, 2019
Stripe Acquires Nigerian Ireland Based Fintech Startup Touchtech Payments SHARE ON: Touchtech furnishes financial services companies with advanced Strong Customer Authentication technology (SCA). The Ireland based startup while announcing the acquisition through a statement said, “Today we’re thrilled to announce we’ve been acquired by Stripe, which will help us accelerate our work and support more customers. Strong Customer Authentication, a new EU regulation coming into effect on September 14, 2019, will radically change the way European customers buy online. As a result, the internet payment landscape is going to change a great deal, and both banks and businesses operating online are going to have to adapt.” The financial terms and figures of the deal have not been disclosed by either party. Touchtech has also revealed that it will focus extensively on making it straightforward for banks to provide the best authentication experience to their customers. Speaking on the deal, Chief Executive at Stripe, Patrick Collision, “Touchtech builds software that helps banks enable frictionless and secure payment experiences. We’re looking forward to supporting their work to improve the online payments ecosystem.” Touchtech was founded in 2014 by Shekinah Adewumi, Niall Hogan and Joseph Kuye. Kuye has since left Touchtech leaving Adewumi and Hogan as the remaining members of the original founding team. “Stripe and Touchtech are both using innovative new technology to grow the overall size of the internet economy. Both organizations work hard to take a long-term view of what’s best for both businesses and customers. We’re confident that we’ve found a natural match. As part of Stripe, we will continue to grow our products, based out of Stripe’s R&D hub in Dublin. We are really looking forward to the things we can build by working with Stripe, and can’t wait to show you what we’re up to,” concludes the statement by Touchtech.
Touchtech Payments Frequently Asked Questions (FAQ)
When was Touchtech Payments founded?
Touchtech Payments was founded in 2014.
Where is Touchtech Payments's headquarters?
Touchtech Payments's headquarters is located at The One Building, Dublin.
What is Touchtech Payments's latest funding round?
Touchtech Payments's latest funding round is Acquired.
How much did Touchtech Payments raise?
Touchtech Payments raised a total of $1.12M.
Who are the investors of Touchtech Payments?
Investors of Touchtech Payments include Stripe, FinTech Innovation Lab and Enterprise Ireland.
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