21.08.2018
FinLab AG DE0001218063
DGAP-News: FinLab AG: FinLab investment AUTHADA secures well-known FinTech investor main incubator and finalizes seven-digit financing round
DGAP-News: FinLab AG / Key word(s): Investment
FinLab AG: FinLab investment AUTHADA secures well-known FinTech investor
main incubator and finalizes seven-digit financing round
21.08.2018 / 14:00
The issuer is solely responsible for the content of this announcement.
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FinLab investment AUTHADA secures well-known FinTech investor main incubator
and finalizes seven-digit financing round
- AUTHADA GmbH, a portfolio company of FinLab AG (ISIN: DE0001218063;
Ticker: A7A.GR), is a technology company based in Darmstadt that offers BSI
certified products for secure and user-friendly identity verification
- FinLab AG, the first institutional investor of AUTHADA and main incubator,
the research and development unit of the Commerzbank Group, are jointly
investing a seven-figure sum in the company
- AUTHADA's solutions can be used flexibly by financial institutions,
telecommunications providers, insurers and ecommerce providers
Darmstadt/Frankfurt am Main, 21. August 2018 - As more and more digital
offerings and products become available, secure online identification
techniques are playing an increasingly important role. The Darmstadt-based
technology company AUTHADA provides innovative solutions in this context.
The technology underlying the software uses the features of the electronic
identity card, as the data for the electronic proof of identity (eID) is
stored in the chip. AUTHADA turns the smartphone into a mobile ID card
reader with Near Field Communication (NFC), enabling fast, flexible and
above all secure online identification.
In total, AUTHADA offers four product solutions: AUTHADA ident for remote
identification of new and existing customers, AUTHADA onsite for point of
sale (POS) identification, AUTHADA sign for mobile and fully automated
contract conclusions and AUTHADA verify for two-factor authentication. The
entire AUTHADA eID core, and therefore all solutions, are certified by the
Federal Office for Information Security (BSI). In addition, any
identification process with an AUTHADA solution complies with the following
laws and regulators: Money Laundering Act (GwG), Telecommunications Act
(TKG) and the Payment Services Supervision Act (ZAG). AUTHADA sets itself
apart from its competitors with its speed, consistent accessibility, user
friendliness and increased efficiency. The innovative solution from AUTHADA
is already being successfully used by ayondo and paysafecard, and soon it
will "go live" with a direct bank and then one of the major EU financial
institutions in retail banking.
The existing investor FinLab and the new investor main incubator, a wholly
owned subsidiary of Commerzbank, are also convinced of the added value with
the solutions. Ulrich Coenen, Divisional Director for Corporate Clients of
Commerzbank and member of the investment committee of main incubator: "As a
digital technology company, providing innovative solutions tailored to our
customers' needs is one of our main concerns. The topic of data security for
our customers always plays a major role. With the investment from main
incubator in the startup AUTHADA, we are securing our participation in one
of the most disruptive solutions for online identification. With AUTHADA, we
can optimize the on-boarding process for our customers and therefore, create
better digital experiences."
Julian Bürklein, Investment Manager at main incubator, adds: "We are pleased
to welcome AUTHADA, the 15th investment in our portfolio. The AUTHADA
solution ties in with the customer relationship at a very early stage,
making it as digital and user-friendly as possible right from the start."
Andreas Plies, CEO and one of the founders of AUTHADA, clarifies: "We are
particularly pleased to have found an investor in the research and
development unit of the Commerzbank Group who, in addition to an interest in
the economic development of AUTHADA, has just as much interest in the
innovative content of our solutions." Jörg Jessen, also CEO and founder from
AUTHADA, adds in conclusion: "Investors such as FinLab and main incubator
are particularly valuable to AUTHADA, as they will greatly support us with
the strategic positioning in our primary markets through their experience
and market knowledge."
About main incubator:
Main Incubator GmbH, in short main incubator, is a wholly owned subsidiary
company of Commerzbank. The company is based in Frankfurt am Main. As a
Research & Development Unit of the Commerzbank Group, main incubator deals
with topics of the future and emerging technologies such as Blockchain, Big
Data, Machine Learning, Artificial Intelligence, Biometrics, Robotics,
Virtual Reality, Cloud, Open API, Wearables, IoT and Quantum Computing
Technology. Through strategic investments in tech-driven startups, main
incubator provides support for innovations and makes them accessible to
Commerzbank and its customers. The main incubator designs active innovations
by developing its own prototypes. With the promotion of the FinTech
ecosystem and the monthly series of events "Between the Towers", main
incubator is pursuing the goal of discovering innovations at an early stage.
Press contact:
main incubator
Anne Kredig
Email: [email protected]
Tel: +49 69 719 13 87 47
About AUTHADA GmbH:
AUTHADA GmbH is a cybersecurity start-up founded in May 2015 as a spinoff of
the Darmstadt University of Applied Sciences. The eID-Core solutions use the
electronic identity of personal ID cards via a mobile or stationary device
in order to verify existing or target customers within seconds. Since the
product is based on national and international safety standards and legal
requirements it is certified by the German Federal Office for Information
Security (BSI) and can therefore be considered safe to use and reliable.
Press contact:
AUTHADA GmbH
[email protected]
https://authada.de
https://twitter.com/AUTHADA_GmbH
Phone: +49 6151 2752 500
About FinLab AG:
Stock market listed company FinLab AG (WKN 121806 / ISIN DE0001218063 /
ticker symbol: A7A) is one of the first and largest company builders and
investors focused on the Financial Services Technologies ("FinTech") sector
in Europe. FinLab focuses on developing German FinTech start-ups and
providing venture capital for their financial needs, whereas in each case
the aim is a long-term participation and ongoing support of the investment.
FinLab also invests globally, as part of venture rounds, in FinTech
companies, primarily in the USA and Asia.
Press contact:
FinLab AG:
[email protected]
http://www.finlab.de
Phone: +49 69 719 12 80 0
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21.08.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
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Language: English
Company: FinLab AG
Grüneburgweg 18
60322 Frankfurt/Main
Germany
Phone: +49 (0)69 719 12 80 - 0
Fax: +49 (0)69 719 12 80 - 011
E-mail: [email protected]
Internet: www.finlab.de
ISIN: DE0001218063
WKN: 121806
Indices: Scale 30
Listed: Regulated Unofficial Market in Berlin, Dusseldorf,
Frankfurt (Scale), Stuttgart, Tradegate Exchange
End of News DGAP News Service
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