Facetrom
Banking Services for the Financially Underserved
Company Overview
Snapshot
Founded in January 2015 by Uri Lipowezky, Ido Peleg, and Irit Peleg, Facetrom operates with 1–10 employees. The company has raised $3.3 million across two funding rounds. In February 2020, Facetrom won first place at a major FinTech association event in Israel, highlighting its innovative approach to financial inclusion.
Business overview
Facetrom specializes in providing banking services to the financially underserved global population, addressing the needs of approximately 2 billion unbanked or underbanked adults who lack credit history or have limited accounts. The company leverages AI-powered face recognition solutions for secure and touchless access control, automated time attendance, and visitor management. By reducing fraud, Facetrom aims to open new channels for the unbanked market, serving financial institutions and insurance companies within the Fintech & Insurtech sector.
Strategic signal
In February 2020, Facetrom secured first place at a prominent FinTech association event in Israel, followed by winning the CIAB FEBRABAN 2019 Fintech championship in April 2020. These accolades validate Facetrom's innovative technology and its potential to disrupt the financial services industry by enabling access for the unbanked, signaling strong market recognition and strategic momentum for investors.
Company Intelligence Q&A
- When was Facetrom founded?
- Facetrom was founded in January 2015.
- What is Facetrom's primary focus?
- Facetrom specializes in enabling the financially underserved to gain access to traditional banking services, utilizing AI-powered face recognition for secure access and fraud reduction.
- How much capital has Facetrom raised?
- Facetrom has raised a total of $3.3 million across two funding rounds.
- Did Facetrom receive any grants?
- In June 2015, Facetrom secured a grant from the Office of the Chief Scientist.
- Has Facetrom received any industry recognition?
- Facetrom won first place at the biggest FinTech association event in Israel in February 2020 and also won the CIAB FEBRABAN 2019 Fintech championship in April 2020.