Make data-driven decisions to improve longevity

Pay By Touch enabled consumers to pay for goods and services with a swipe of their finger on a biometric sensor.

Categories

Biometrics, Payments, Sensor,

Product Gallery

Reasons for Shutdown

Poor Product-Market Fit

Users were not convinced to use it

The startup might have failed due to many people at that time were not convinced to use it because many are accustomed to credit/debit card and partly due to security concerns made the consumers hard to accept the technology.
Their weak business model was also partially to blame as it did not enticed the customers to use their product.

Funds Mismanagement

Founder wasted a lot of company's money

John P. Rogers had recklessly mismanaged their credit and wasted a lot of the company's funds and the company could not even able to afford to pay their employees.

Direct Competitors and Similar Companies

Note: Direct competitors are defined by similarity score of more than 40%, while similar companies are defined by similarity score of less than 40%

No.	Name	Similarity score	Description	Industry	Categories	Location	Ownership status	Entity type	Stage of development	Transactional model type	Defensibility moats	Last financing round	Total raised	Post-money valuation	Last financing date	No. of funding round(s)	No. of investors	Investors	Total revenue	Market capitalization	No. of investments	No. of acquisitions	No. of board seats taken	Competition	Management	No. of employees	Company reputation	Contact info	Operational status	Operational duration	Shutdown date	Founded date	Legal name	Former legal name(s)	Ticker
1.	vcash eWallet	31.0%	A secure and smart way to carry electronic money on your smartphone.	Financial Services	Mobile Applications, Financial, Payments	Malaysia	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	Inactive	-	-	2017	-	-	-
2.	BitPass	22.5%	An online payment system for digital content and services.	Financial Services	Bitcoin, Payments, Internet	United States	-	-	-	-	-	Early Stage	-	-	-	-	-	-	-	-	-	-	-	-	-	50-100	-	-	Inactive	-	-	2002	-	-	-
3.	Aditya Birla Payments Bank Limited (ABPB)	8.0%	A payments bank.	Financial Services	Banking, Finance, Payments	India	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250-500	-	-	Inactive	-	-	2016	-	-	-
4.	Loot	7.9%	A banking and money management app for students.	Financial Services	FinTech, Payments, Finance, Personal Finance, Applications	United Kingdom	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10-50	-	-	Inactive	-	-	2014	-	-	-

Investors

No.	Image	Name	Investor type	Description	Location	Preferred investment stage(s)	Stages invested in	Assets under management (AUM)	Investment range	Investment sweet spot	Preferred investment focus	Preferred investment geography	No. of investments	No. of lead investments	No. of follow-on investments	No. of co-investments	Portfolio companies	No. of exits	Total exit value	No. of failed investments	Loss on investments	No. of acquisitions	No. of board seats taken	No. of funds	Limited partners	Co-investors	No. of partners	Partners	No. of employees	Management	Board members	Founders	Investor reputation	Contact info	Entity type	Legal name	Former legal name(s)	Founded date	Ticker
1.		Gordon P. Getty Family Trust	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
2.		Mobius Venture Capital	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Leadership

No.	Image	Name	Previous designation	Previous company	Previous biography	Previous profile type	Previous location	Experience	Education	Reputation	Current company	Current designation	Current biography	Current profile type	Current location	No. of investments	No. of exits	Total exit value	No. of board seats taken	Contact info
1.		John Rogers	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Funding

No.	Financing date	Financing round	Total amount raised	Post-money valuation	Financial viability	Fundraising target amount	Remaining target amount	Financing type	No. of investors	Board seats	Lead investors	Entity type	Financing status
1.	26 Jan 2006	Series C	USD 60M	-	-			-	1	-	-	-	Completed
2.	4 Jun 2004	Series B	USD 25M	-	-			-	2	-	-	-	Completed