Member Article

BBC Worldwide’s ‘startup in residence’ seals £500k investment

Secure and frictionless payment provider Ensygnia has completed a £500k ‘Series A’ bridging round led by investment firm Gate Ventures Plc.

The joint venture will see the London-based investment firm, who specialise in media and entertainment, invest the cash in exchange for a 8.54% stake in the tech firm.

Ensygnia specialise in identity management, mobile payments, and cybersecurity, and have developed their OneScan platform, which was launched in in March 2014.

The platform uses pin numbers and QR codes to provide a secure way for users to confirm their identity when making transactions online.

The Reading-based firm are currently BBC Worldwide’s ‘startup in residence’ and are working with the global arm of the broadcaster on a number of initiatives, including the BBC Shop.

Commenting on the investment, Dr Johnny Hon, Chairman of Gate Ventures PLC, said: “The Board of Gate is very excited to make our first investment in the e-commerce space through Ensygnia.

“We believe that Ensygnia’s Onescan technology is a game changer as its platform can be easily adapted unlike many others in the market, which puts Ensygnia in a great position.

“Ensygnia has won important accounts for Onescan since its launch in March 2014, including the recent contract with BBC Worldwide, and we are confident that the customer base of Onescan will continue to grow.

He added: “Gate Ventures will work closely with Ensygnia to promote Onescan, in order to effectively capitalise on the high growth online payments market.”

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