TECH5, an innovator in the field of biometrics and digital identity management, has received an additional US$10 Million investment from a new group of sophisticated investors in high technology companies from Singapore. TECH5 will use these funds to accelerate its global expansion.

TECH5 recently opened a subsidiary in Australia and plans to open an office in the Middle East. Furthermore, in addition to its Headquarters in Geneva, Switzerland and a subsidiary in Scotland, TECH5 will be opening a third European subsidiary in the second quarter of 2022.

Along with geographical expansion, TECH5 will continue the development and enhancement of its products for such use cases as contactless biometric capture, identification, verification and authentication as well as its digital credential platform. All of the company’s offerings are developed in-house and are based on TECH5’s biometric technologies for face, fingerprint, and iris recognition that have consistently achieved top-ranking in NIST benchmarking tests.

Machiel van der Harst, Co-Founder and CEO of TECH5, said “We are growing rapidly as a company, covering new geographies, and developing a wide network of partners across the globe. We believe that our inclusive technologies and vision will allow us to unlock new prospective markets for our digital ID and other offerings. The interest shown in us by this new group of investors is a testament to our market potential.”

This investment round comes hot on the heels of the recent completion in late 2021 of its first investment rounds of US$10.5 Million from Singapore-based TOTM Technologies Limited (“Totm”), and clearly demonstrate investors’ strong interest in TECH5 and its robust biometric technologies. Since the Totm, TECH5 has expanded its offerings and signed several key strategic partnerships and projects.

According to a report by Allied Market Research, the biometric technology market is expected to grow to $127.32 billion by 2030. “We see tremendous potential in TECH5 with its unique biometric technology portfolio, serving the needs of a fast-growing biometric market. We are delighted to announce our investment in support of TECH5’s plans to build cutting edge technology and market leadership.” – comments Mr. Tan Chin Tuan, who participated in this round of investment.


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