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Facephi posts major revenue boost
Oct. 3, 2023, 5:51 p.m. | Joel R. McConvey
Biometric Update www.biometricupdate.com
Facephi has increased its revenue by 22.8 percent in the first half of the year, reporting in a release a net revenue of €9.65 million (just over US$10 million) for its digital identity protection platform across more than 25 countries.
The company shows a negative EBITDA, but growth reflects in the firm’s success in new strategic markets in the Middle East, including the United Arab Emirates and Saudi Arabia, which have implemented Facephi’s SaaS through the fintech firm Qashio. It …
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