AimBrain, a startup that uses biometric authentication to fight fintech fraud, raises £4M Series A

AimBrain, a London startup that offers “biometric identity” as a service to help fintech companies and other financial institutions fight fraud, has raised £4 million in Series A funding.

BGF Ventures led the round, with participation from Episode 1, Entrepreneur First (EF), and a number of angel investors including Simon Rozas, Chris Mairs, and Charles Songhurst.

Founded in 2015 by Andrius Sutas and Alesis Novik whilst they both went through Entrepreneur First — and, notably, in the same cohort as Magic Pony, the EF startup that exited to Twitter for reportedly as much as $150 million — AimBrain has built biometric authentication technology to let businesses verify a customer’s identity.

This includes verification based on your voice, what your look like, and how you…

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