2 August 2024
Palmki strengthens its growth strategy with new capital for European expansion
Palmki™, a leading provider of biometric technology and solutions for access control in buildings and events, time registration, and integrated payments, has raised capital from banks, existing shareholders, and the Limburg investment company LRM. With this capital, the company from Hasselt aims to further scale and internationalize its operations. In Belgium and the Netherlands, it has already convinced many large companies of its technology, including the European institutions, football clubs KAA Gent, Fortuna Sittard, and KAS Eupen.
In 2019, Marc Strackx founded Perfect ID, an innovative technology company that focuses on palm-based biometric authentication under the brand name ‘Palmki’. "Palmki is a digital key that uses the vein pattern in your palm to verify your identity. In other words, it is a user-friendly biometric identification technology that provides access to buildings, rooms, machines, data, time registration, payments, etc.," explains owner Marc Strackx.
Authentication within one second
Palmki's technology is based on the internal structure of the human palm. This is an important difference from other biometric identification technologies, which often use external features such as fingerprints or facial recognition. Marc Strackx says, "The vein pattern in the palm is unique for everyone. Even identical twins have different patterns. Moreover, the vein pattern cannot currently be replicated, unlike external features. Furthermore, Palmki is a very hygienic technology, as scanning the palm can be done without physically touching the Palmki scanner." Also noteworthy: Palmki generates a very fast authentication, usually within one second, and has an error acceptance rate of less than 0.00001%.
Palmki in daily life and the workplace
Perfect-ID is supported by Fulcrum Biometrics (Fujitsu Company) and Fujitsu Belgium. This collaboration underscores both the innovative character and the European ambitions of Palmki, which focuses on three main domains. The first domain is access control for buildings, gates, safes, devices, etc. The second domain includes access control at events and sports matches, from the registration process, ticketing, access control (via turnstiles), and on-the-spot control to catering payments. The third domain encompasses integrated payment solutions for food and beverage kiosks at event locations. A pilot project is already underway for this.
In a few years, the company from Hasselt has already added several prestigious names to its reference list. It has provided Palmki controllers with two-factor authentication, the highest level of control, at three locations in the European institutions. A large-scale project is also set to launch soon in collaboration with VLAIO and UGent to enhance football security at KAA Gent matches while respecting the fan experience.
International expansion
With a well-filled reference list, Marc Strackx is now eager to take Palmki to the next level and roll it out internationally. His well-founded story, sense of innovation, and vision for the future have already convinced the Limburg investment company LRM to step in with capital, combined with bank financing and contributions from existing investors and business angels, including Angelwise, Ismaël Ben-Al-Lal, and Frank Staut.
Jan Vorstermans from Angelwise says, "We believe in the future of Palmki technology, as the security of personal identification with the necessary privacy will only grow in importance in the future."
Gunter Plevoets, head of corporate lending at LRM, adds, "In just a few years, Marc has achieved an impressive trajectory with Palmki. He has also quickly convinced large companies that place great importance on security and GDPR compliance with his technology. This shows that experts trust Palmki and see potential in this technology. With LRM, we are happy to invest capital so that this Limburg company can continue to grow in Belgium and Europe."
Marc Strackx, CEO of Perfect-ID, concludes, "The inclusion of LRM in our capital is crucial for Perfect-ID. It provides us not only with the financial strength to further stimulate the innovation and growth of Palmki but also with strategic support and confidence from our clients. This support allows us to accelerate our growth, expand internationally, and strengthen our position as a market leader."
Perfect-ID recognized as an official supplier of biometric solutions for Belgian ports
Perfect-ID proudly announces that it has received recognition from Minister Paul Van Tigchelt, Vice Prime Minister and Minister of Justice and the North Sea, to provide biometric solutions to Belgian ports and port companies. This marks a significant milestone for the growth and innovation of biometric security in the maritime sector.
6 June 2024
Elevate your fan experience with Palmki for football stadiums!
In the world of football, the excitement of match day goes beyond the action on the field. From the moment fans step foot into the stadium, their experience should be seamless, secure, and unforgettable. This is where Palmki steps in to revolutionize the game.
18 March 2024
Transforming cybersecurity with Palmki
In an age where cyber threats loom large, Palmki introduces a game-changing solution—the biometric palm vein scan. This cutting-edge technology not only enhances cybersecurity but also prioritizes a seamless user experience, reduces reliance on passwords, and delivers a cost-effective defense against evolving threats.
8 February 2024
The new Palmki Experience Center
We are thrilled to announce that Palmki has relocated to our brand-new office at Bedrijfsstraat 2, 3500 Hasselt! But this isn't just a move—it's an exciting leap forward in the realms of access control, security, process innovation and customer experience.
30 November 2023
Groundbreaking pilot project: KAA Gent and Perfect-ID test innovative stadium access with palm authentication
In an innovative pilot project, KAA Gent, one of Belgium's leading football clubs, aims to initiate tests to elevate the fan experience to a new level by introducing Perfect-ID's advanced Palmki palm authentication system.
27 October 2023
Leuven Bears and Palmki launch groundbreaking hand palm payment option
On Saturday, October 14, 2023, basketball club Stella Artois Leuven Bears and Perfect-ID will introduce a revolutionary way of payment: palm payment. This innovative system will enable Leuven Bears fans to purchase their favorite drinks and snacks with nothing more than their palm.
12 October 2023
Perfect-ID has been nominated for the Rising Star Award
Perfect-ID has been nominated for the 2023 Rising Star award, together with nine other innovative companies.
29 September 2023
LCL Identifier: Innovation through co-creation
With the implementation of the Identifier, LCL is focusing on innovation in identity verification for all data centers. The LCL Identifier includes two-factor authentication using smart software based on biometrics, such as palm reading and facial recognition. It has been specially developed for LCL and originated from successful co-creation.
9 December 2021
Palmki selected for Slush 2021! – Setting the scene for an international expansion.
Palmki is delighted to announce it is selected for Slush 2021. Slush is ‘the world’s leading start up event’, and will take place on December
10 October 2021