• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

Biometrics and Identity Specialist Trust Stamp Makes Nasdaq Debut

January 31, 2022

“Following a record year indicative of our sustained positioning for company-wide growth, uplisting to Nasdaq is a natural but important progression for Trust Stamp and our shareholders.” Gareth N. Genner, CEO, Trust Stamp

Biometrics and Identity Specialist Trust Stamp Makes Nasdaq Debut

Trust Stamp is marking a big corporate milestone today: the biometrics company has uplisted from the OTCQX to the Nasdaq, where it began trading this morning under the ticker IDAI.

The move is a signal of Trust Stamp’s strong momentum amid booming interest in the kind of remote onboarding and identity verification technology in which the company specializes. Trust Stamp’s flagship solution takes the increasingly popular approach of matching an end user’s selfie photo to images of their official ID through the use of facial recognition technology.

It was only in 2020 that Trust Stamp raised $6.5 million through its Series A funding round. Further investments would bring the total amount of private equity raised by Trust Stamp to over $30 million. Trust Stamp’s client base, meanwhile, increased by 50 percent between 2020 and 2021, the company said in a recent corporate update.

2022 will bring much more detailed information about the company’s operations. While the OTCQX Best Market represents the top tier of over-the-counter marketplaces, the Nasdaq entails more stringent disclosure requirements for companies listed on the exchange.

“Following a record year indicative of our sustained positioning for company-wide growth, uplisting to Nasdaq is a natural but important progression for Trust Stamp and our shareholders,” said Trust Stamp CEO Gareth N. Genner. “As the premier exchange for technology innovation, Nasdaq offers enhanced credibility and exposure which will allow us to accelerate organic and M&A growth as we capitalize on global development opportunities with a matured portfolio of transformative identity solutions.”

CFO Alex Valdes added that Trust Stamp has already benefitted from the contributions of thousands of investors, “many with repeated investments that testify to their belief in Trust Stamp’s long-term shareholder value.” Valdes noted that Trust Stamp’s largest customers are also investors.

–

January 31, 2022 – by Alex Perala

Related News

  • Trust Stamp Rings Nasdaq Opening BellTrust Stamp Rings Nasdaq Opening Bell
  • Jumio Adds Latest Exec to C-suiteJumio Adds Latest Exec to C-suite
  • Trust Stamp Establishes New Non-Profit to Promote Inclusion in MaltaTrust Stamp Establishes New Non-Profit to Promote Inclusion in Malta
  • Onfido Delivers 15-second Identity Verification for UK’s Co-operative BankOnfido Delivers 15-second Identity Verification for UK’s Co-operative Bank
  • Jumio Reports Over $200M in 2022 BookingsJumio Reports Over $200M in 2022 Bookings
  • FaceTec Nearly Doubles Revenues in Q3 UpdateFaceTec Nearly Doubles Revenues in Q3 Update

Filed Under: News, Stocks Tagged With: Biometric, biometric stocks, biometrics, corporate news, face biometrics, facial recognition, Nasdaq, remote onboarding, selfie biometrics, selfie onboarding, stocks, Trust Stamp

Primary Sidebar

Identity is Shaping Air Travel – Time to Invest

Sponsored Links

facetec logo

FaceTec’s patented, industry-leading 3D Face Authentication software anchors digital identity, creating a chain of trust from user onboarding to ongoing authentication on all modern smart devices and webcams. FaceTec’s 3D FaceMaps™ make trusted, remote identity verification finally possible. As the only technology backed by a persistent spoof bounty program and NIST/iBeta Certified Liveness Detection, FaceTec is the global standard for Liveness and 3D Face Matching with millions of users on six continents in financial services, border security, transportation, blockchain, e-voting, social networks, online dating and more. www.facetec.com

TECH5 logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • An ‘Exciting Time’ for IDEMIA: Identity News Digest
  • Facephi’s Rocketship Award Delivers New Opportunities
  • Chips, Guacamole, and Device-Agnostic Identity – Hummingbirds AI CEO Nima Schei at ISC West 2023
  • NECAM Gets a New CEO: Identity News Digest
  • Onfido Delivers 15-second Identity Verification for UK’s Co-operative Bank

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2023 FindBiometrics