The global biometric authentication and identification systems market is expected to grow at an estimated CAGR of 17% from 2015 to 2020 and generate over $25 billion by 2020. While the majority of the demand is sourced out of APAC and Middle East, countries such as the U.S. and the U.K. continue to be the leading revenue generating countries in the biometrics market.
San Francisco-based Revel Systems has landed $13.5 Million from ROTH Capital Partners, a relationship-driven investment bank with close connections to Revel. This was Revel’s C-3 investment round, a follow-up to the Series C-1 round led by Welsh, Carson, Anderson & Stowe in November 2014 and Series C-2 round led by Intuit in December 2014.
Retailer loyalty programs are not only increasingly digital in nature but also increasingly take any kind of payment”not just private label card payments. The multi-tender loyalty program trend to continue in force, with strong continued uptake over the next two to three years.