PAYMENT’S disruptor DigiDoe has secured further fresh investment and a place on the prestigious Mayor’s International scale-up programme, backed by the Mayor of London.
DigiDoe’s acceptance onto the 2022 Cohort of the London & Partners Mayor’s International Business Programme comes as the London-based startup secures a second tranche of fresh investment in less than a month.
DigiDoe, which is authorised by the Financial Conduct Authority, has now raised nearly £1m in a matter of weeks from investors keen to back the development of the world’s fastest, most secure payments system.
Dhaval Gore, Head of the Mayor’s International Business Programme at London & Partners, said: “I am delighted to welcome DigiDoe to the Mayor’s International Business Programme (MIBP).
“To date, the MIBP has helped more than 1000 high-growth London companies win business in international markets, creating more than 4000 jobs for the global economy. We are extremely proud to be shining a light on what London’s fastest-growing businesses have to offer overseas.”
Last month, DigiDoe closed the first tranche of its initial funding round having secured more than £850,000 from new investors led by investment firm, Joint Journey. Several individual investors also joined the first tranche, along with PLF, the seed fund managed by Flashpoint Venture Capital and I2BF Global Ventures Ltd.
The fintech startup has now closed the second tranche which brings DigiDoe’s first investment round to £994,000.
DigiDoe will use its new financing to further enhance its proprietary systems and tools, hire key personnel and fund growth in Europe and the United States.
Alexandra Vidyuk, co-founder and executive director of DigiDoe, said: “These are immensely exciting times for DigiDoe. We are thrilled to be joining the Mayor’s International Business Programme which will help us deliver the world’s fastest and most secure payments system into new global markets. We are also delighted to have gained additional confidence from the market, with new investors and nearly £1m to fund our growth.”
Designed from scratch, Digidoe’s efficient payments system reduces fraud, cuts fees and costs for merchants, enables ultra-low cost, hassle-free payments which eliminate the need for plastic cards or mobile phones to complete transactions.
While current credit card providers can generate around 65,000 transactions per second, DigiDoe can generate more than 200,000 per second. DigiDoe has developed patented multi-factor biometrics-based 7D user authentication technology which leverages the latest technological and biometrics advances including secure channel “signatures”.
DigiDoe is targeting the UK market with a plan to expand into the European Union and the US over the next 24 months.
The MIBP welcomes a new cohort every quarter, with notable alumni including companies such as Monzo, Revolut, Elvie and Bloom & Wild. Part-funded by the European Regional Development Fund (ERDF), the MIBP is supported by seven lead partners: Ciklum, Globalization Partners, GranTree, Microsoft, Moore Kingston Smith, Taylor Wessing and Wilson Sonsini Goodrich & Rosati.
Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.
We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.
Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.
Please click the button below which relates to the issue you’re having.
Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association
Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.
For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.
The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.
Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.
Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.
For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.
