Location: Washington, District of Columbia, United States United States
Founded in: 2015
Stage: Pre-launch
Number of employees: 1-5
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Yombu Inc.

Washington, District of Columbia, United States United States
  • About
Company description
Imagine that you go out for a run and leave your wallet and phone at home. You want to buy a water bottle. How can you pay? You go for a manicure – how do you reach into your wallet without ruining your nails? Current payment forms are inconvenient and insecure. Think of places where carrying or accessing plastic, mobile, or cash is a pain – gyms, beaches, nail salons, hotels, water parks, and more. Also, point of sale (POS) fraud is a ~$10B industry in the U.S. annually and results in merchant losses (i.e., chargebacks) and significant hassle costs for the consumer. Leveraging biometrics for payment lowers chargebacks, mitigates the prevalence of identity theft, and removes the possibility of losing one’s credit or debit card. Yombu Inc. is an angel-backed, DE-registered company, deploying a secure, fast, and convenient biometric payment system. With Yombu, you can pay at POS by fingerprint – no cash, cards, or phone required. Quite literally, a customer could pay naked. To make a purchase, enter your PIN number and scan your fingerprint at the terminal. On the Yombu mobile app, customers can manage their cards, PIN, and account.