OverviewSuggest Edit

Zwipe is a biometric tech company that is engaged in developing and commercializing biometric authentication solutions in three areas: payments, access control and ID. The Company focuses on payment cards, access control cards and identification credentials or badges.

TypePublic
Founded2009
HQOslo, NO
Websitezwipe.com
Employee Ratings2.1

Latest Updates

Employees (est.) (Oct 2019)37(-5%)
Revenue (FY, 2018)KR2.3 M(+86%)

Key People/Management at Zwipe

Andre Løvestam

Andre Løvestam

CEO
Eric Mercer

Eric Mercer

CEO, America, Inc.
Jörgen Lantto

Jörgen Lantto

Chairman of the Board
Lars Kristian Solheim

Lars Kristian Solheim

CFO
Robert Mueller

Robert Mueller

CTO
John Goodale

John Goodale

Chief Sales Officer
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Zwipe Office Locations

Zwipe has offices in Oslo, Colorado Springs and Hohenbrunn
Oslo, NO (HQ)
Rådhusgata 24
Hohenbrunn, DE
Otto-Hahn-Straße 28
Colorado Springs, CO, US
13511 Northgate Estates Dr #100
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Zwipe Financials and Metrics

Zwipe Revenue

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Zwipe's revenue was reported to be kr2.28 m in FY, 2018 which is a 85.9% increase from the previous period.
NOK

Revenue (H1, 2019)

348.0k

Gross profit (H1, 2019)

(642.0k)

Gross profit margin (H1, 2019), %

(184.5%)

Net income (H1, 2019)

(36.3m)

EBIT (H1, 2019)

(36.2m)

Cash (30-Jun-2019)

73.7m
Annual
NOKFY, 2016FY, 2017FY, 2018

Revenue

597.4k1.2m2.3m

Revenue growth, %

105%86%

Cost of goods sold

401.5k2.5m5.1m

Gross profit

195.9k(1.2m)(2.8m)
Half Year
NOKH1, 2017H1, 2018H1, 2019

Revenue

511.0k677.0k348.0k

Cost of goods sold

928.0k743.0k990.0k

Gross profit

(417.0k)(66.0k)(642.0k)

Gross profit Margin, %

(82%)(10%)(184%)
Annual
NOKFY, 2016FY, 2017FY, 2018

Cash

19.3m47.6m10.8m

Accounts Receivable

109.1k107.0k639.0k

Inventories

4.1m5.1m2.3m

Current Assets

28.0m58.4m20.0m
Half Year
NOKH1, 2017H1, 2018H1, 2019

Cash

28.1m37.9m73.7m

Accounts Receivable

245.0k938.0k257.0k

Inventories

3.9m5.4m2.8m

Current Assets

37.0m50.3m83.0m
Annual
NOKFY, 2018

Net Income

(72.0m)

Depreciation and Amortization

8.0m

Inventories

2.8m

Accounts Payable

4.3m
Half Year
NOKH1, 2017H1, 2018H1, 2019

Net Income

(24.8m)(30.7m)(36.3m)

Depreciation and Amortization

1.4m7.0m879.0k

Inventories

258.0k(305.0k)(459.0k)

Accounts Payable

897.0k(2.0m)(3.8m)
NOKFY, 2016

Financial Leverage

4.5 x
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Zwipe Operating Metrics

FY, 2017FY, 2018

Patent Applications

5231

Patent Portfolios

32

Patents Issued

58
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Zwipe Acquisitions / Subsidiaries

Company NameDateDeal Size
Zwipe America Inc.

Zwipe Revenue Breakdown

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Zwipe revenue breakdown by business segment: 100.0% from Revenue from Sale of Goods

Zwipe Online and Social Media Presence

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Zwipe News and Updates

ICPS partners with Zwipe to bring fingerprint cards to Africa and Asia

Biometric fintech company, Zwipe and ICPS, a leading international card payment processor and card personalization bureau, are partnering to bring Zwipe Pay ONE enabled biometric payment cards to banks across Africa and Asia.

Zwipe getting ready to drive Next-Generation Payment Cards

OSLO, Norway, July 9, 2021 /PRNewswire/ -- Dear stakeholders of Zwipe, Through the first half of 2021, our global payment ecosystem of Smart Card Manufacturers, Payment Processors, Banks and Go-to-market Partners has continued to expand at a rapid pace, further strengthening our...

Zwipe ties up with FSS for global roll out of biometric cards

FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payment processor, is to collaborate with Zwipe to bring next generation contactless payment cards to issuers globally.

FSS selects Zwipe Pay ONE for Next-Generation Contactless Cards to be offered globally

OSLO, Norway and CHENNAI, India, May 10, 2021 /PRNewswire/ -- FSS (Financial Software and Systems), a leading global provider of integrated payment products and a payment processor, is partnering with Zwipe to bring next generation contactless payment cards to issuers globally. Zwipe is a...

IDEX Biometrics Receives Production Order from Zwipe as the Roll-Out of Biometric Cards Accelerates

Oslo, Norway, 19 October 2020: IDEX Biometrics ASA, a leading provider of advanced fingerprint identification and authentication solutions, has received an order for 300,000 units from its partner Zwipe, a leading biometric fintech company.

TietoEVRY and Zwipe join forces to deliver biometric payments to banks in the Nordic and Baltic regions

OSLO, Norway and HELSINKI, Oct. 8, 2020 /PRNewswire/ -- Biometric fintech Zwipe and TietoEVRY, the leading provider of software and digital banking services in the Nordics, have agreed to jointly roll-out biometric payment solutions based on the Zwipe Pay ONE platform. With the recent...
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Zwipe Blogs

Zwipe selected by DZ Card to launch biometric payment solutions

BANGKOK, THAILAND – 11 SEPTEMBER 2019 – Biometric technology company Zwipe and dz card a global card solution provider and one […]

Zwipe Talk : Interim Report Recap with CEO André Løvestam

OSLO, NORWAY – SEPTEMBER 3, 2019 – Zwipe’s CEO André Løvestam shared some of the key highlights from our recently […]

Zwipe to explore listing on Nasdaq First North Growth Market

OSLO, NORWAY – 3 September 2019– Biometric technology company Zwipe will explore a potential listing on Nasdaq Stockholm’s First North […]

Zwipe Interim Report January to June 2019

Oslo, Norway – 3 September 2019  Biometric technology company Zwipe today announces its Interim Report January to June 2019:   […]

ZWIPE AND XH SMART TECHNOLOGY ENTER INTO A STRATEGIC PARTNERSHIP TO LAUNCH BIOMETRIC PAYMENT CARDS

OSLO, NORWAY– 25 JUNE 2019 – Biometric technology company Zwipe has entered into a partnership with XH Smart, a global smart […]

STRENGTHENING THE POWER OF COLLABORATION: ZWIPE & INFINEON EXTEND THEIR PARTNERSHIP

Munich, Germany, and Oslo, Norway – 18 June 2019 – Biometric technology company Zwipe and the world’s leading provider of semiconductor […]
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Zwipe Frequently Asked Questions

  • When was Zwipe founded?

    Zwipe was founded in 2009.

  • Who are Zwipe key executives?

    Zwipe's key executives are Andre Løvestam, Eric Mercer and Jörgen Lantto.

  • How many employees does Zwipe have?

    Zwipe has 37 employees.

  • What is Zwipe revenue?

    Latest Zwipe annual revenue is kr2.3 m.

  • What is Zwipe revenue per employee?

    Latest Zwipe revenue per employee is kr61.5 k.

  • Who are Zwipe competitors?

    Competitors of Zwipe include IDEX Biometrics, Clear and IN Groupe.

  • Where is Zwipe headquarters?

    Zwipe headquarters is located at Rådhusgata 24, Oslo.

  • Where are Zwipe offices?

    Zwipe has offices in Oslo, Colorado Springs and Hohenbrunn.

  • How many offices does Zwipe have?

    Zwipe has 3 offices.