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 in the sector.
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. The company's core technology leverages AI-powered face recognition, computer vision, and machine learning to reduce fraud, thereby opening new channels for this market. Facetrom operates within the Fintech & Insurtech sector, serving financial institutions and insurance companies with solutions for KYC, risk assessments, and lending and financing.
Strategic signal
In April 2020, Facetrom won the CIAB FEBRABAN 2019 Fintech championship, a significant validation of its technology and market potential. This achievement signals to investors and innovation teams that Facetrom's AI-driven solutions for financial inclusion are gaining recognition and traction within the global financial services industry, particularly in emerging markets.
Log in to access full profile ›Company Intelligence Q&A
- What is Facetrom's primary focus?
- Facetrom focuses on enabling financially underserved individuals to access traditional banking services by using AI-powered solutions to reduce fraud and expand market access.
- When was Facetrom founded?
- Facetrom was founded in January 2015.
- What was a notable achievement for Facetrom in early 2020?
- In February 2020, Facetrom won first place at the biggest FinTech association event in Israel. In April 2020, Facetrom also won the CIAB FEBRABAN 2019 Fintech championship.
- Who are the co-founders of Facetrom?
- The co-founders of Facetrom are Uri Lipowezky, Ido Peleg, and Irit Peleg.
- What is Facetrom's total disclosed funding?
- Facetrom has raised a total of $3.3 million across two funding rounds. This includes an undisclosed grant from the Office of the Chief Scientist in June 2015.