Authentication: Kiel-based Startup closes seed funding with investors from HTGF and PAYONE founders, startup for passwordless authentication, closes seed funding with investors from HTGF and PAYONE founders

The company from Kiel, Germany closes their first investment round successfully. With the High-Tech Gründerfonds (HTGF) and PAYONE founders Carl Frederic Zitscher and Jan Kanieß, Hanko wins over experienced partners for innovative technology and growth. The capital will be used for further product development and the implementation of the go-to-market strategy.

For apps on smartphones and tablets biometric procedures such as Touch ID and Face ID have been established since long. In browsers, on websites, software as a service tools and online shops such an easy and secure way of authentication was technically not possible so far. But this is about to change.

Hanko offers a technology which makes biometrics usable on websites. Our vision is to enable every online service to make the security of user accounts no longer dependent on passwords or elaborate 2-factor procedures. At the same time the user experience will be significantly improved.

Felix Magedanz, Founder of Hanko

Therefore, Hanko works with the open FIDO web standards developed by Apple, Microsoft, Google and Mozilla, among others. FIDO is an integral part of Android, iOS, Windows and macOS as well as of all web browsers and can already be used on about 80% of all end devices.

Hanko is the first provider in Europe who has developed a certified FIDO server. Thus the startup provides the necessary infrastructure for website operators to offer users secure and easy authentication with Touch ID & co. Hanko puts the certified server at disposal via a developer API in the cloud or on premise. Due to the high level of security, Hanko can even be used in the regulated banking environment and offers an unprecedented user experience there as well.

Both investors want to accelerate the development of Hanko with their participation and strong networks and are committed to ensuring that the startup grows into a central player in the identity and authentication market.

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