Brazil gets another promising unicorn with “unico” offering biometric solutions

Currently, the ID tech company, specializing in biometrics, has about 800 client companies, including Magazine Luiza, Pernambucanas, C6Bank, Banco Original, and B2W.

RIO DE JANEIRO, BRAZIL - The IDtech company "unico" announced on Tuesday (3) that it had received R$625 (US$120) million in funding in a round led by General Atlantic and SoftBank funds, becoming the latest Brazilian unicorn, market jargon for startups valued at least 1 billion dollars.

The announcement, nearly 11 months after unico received another round of R$580 million, also led by General Atlantic and SoftBank, illustrates the rapidly expanding demand for biometrics for uses as diverse as opening accounts to remote classes, a movement accentuated by social isolation measures.

Created in 2007 and headquartered in S . . .

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