Sinumy

Sinumy

PaylessGate's patented proximity-based technology ensures seamless authentication of smartphone owners even in sleep mode.

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DateInvestorsAmountRound
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$2.5m

Late VC
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD20222023
Revenues00000000
% growth-150 %
EBITDA00000000
Profit00000000
EV00000000
EV / revenue00.0x00.0x
EV / EBITDA00.0x00.0x
R&D budget00000000

Source: Dealroom estimates

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More about Sinumy
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Sinumy Corporation, formerly known as PaylessGate Co., Ltd., is a technology company that has developed a proprietary touchless personal authentication and high-speed, high-precision location measurement technology called "Sinumy Technology". This technology allows for the creation of a virtual authentication gate, enabling a wide range of services through a single application.

The core of Sinumy's offering is its patented technology that utilizes Bluetooth for seamless and secure authentication of a user's smartphone, even when the device is in sleep mode. This proximity-based technology is designed to provide a frictionless user experience for various applications, moving beyond the payment-centric services suggested by its former name, PaylessGate.

The company's business model appears to be centered on providing its technology to other businesses to integrate into their existing services or to develop new applications. The potential use cases for Sinumy Technology are extensive, including but not limited to retail payments, access control for buildings and events, and other scenarios where secure and effortless user authentication is required.

By rebranding to Sinumy, the company aims to better represent the broad applicability of its technology, which can be likened to a personal Electronic Toll Collection (ETC) system, but for people. This positions Sinumy as a versatile technology provider in the authentication and location-based services market.

Keywords: touchless authentication, location measurement, virtual gate, secure payments, access control, bluetooth technology, proximity-based, authentication technology, personal authentication, hands-free

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