PayEye
PayEye is a Polish fintech company that provides biometric payment solutions combining proprietary iris and facial recognition with its PCI PTS-certified eyePOS 3.0 hardware terminal, serving enterprise merchants in retail, hospitality, entertainment, and e-commerce across Poland, the USA, and selected international markets.
- Company typePrivate
- Founded2016
- HeadquartersAmsterdam, Netherlands
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What PayEye does
PayEye sp. z o.o. is a Polish fintech company founded in 2016 (headquartered in Wrocław, Poland) that has developed a vertically integrated biometric payment ecosystem built around proprietary iris and facial recognition technology. The company's technology stack is developed 100% in-house and includes iris recognition algorithms with 25+ years of R&D heritage, presentation attack detection using involuntary pupil reactions, a multimodal iris+face fusion pipeline, the PCI PTS-certified eyePOS 3.0 hardware terminal, and a consumer-facing application. The eyePOS 3.0 device uniquely supports iris/facial recognition alongside card and NFC payments in a single terminal, and holds certifications from PCI PTS, EMVCo, Mastercard, Visa, and the FIDO Alliance, with the corporate entity holding ISO 27001.
The company targets enterprise merchants across four primary verticals: large retail chains (Empik, Komputronik), hospitality (Marriott Wrocław), entertainment venues (Aquapark Wrocław, Nowe Horyzonty Cinema), and e-commerce merchants (via the e-payeye solution). PayEye has processed over 130,000 biometric transactions across three staged pilot programs conducted in Poland and the USA between 2020 and 2025. The Mastercard Biometric Checkout Program — where PayEye is the only iris-recognition company included — serves as the flagship commercial reference, and payment processing is distributed through integrations with Worldline (European merchants) and Stripe (online/global).
PayEye operates a B2B enterprise sales model with custom quote-based pricing, generating revenue from three streams: per-transaction biometric payment processing fees, hardware sales of the eyePOS 3.0 terminal, and technology licensing of its biometric algorithms and modules to third-party device manufacturers. The company has raised approximately $10M across three funding rounds, primarily from Colters Capital Fund and a Polish government R&D grant (Narodowe Centrum Badań i Rozwoju). The company is privately held, founder- and VC-backed, with a headcount of 51-100 employees.
PayEye firmographics
Firmographics- Name
- PayEye
- Legal name
- PayEye sp. z o.o.
- Website
- https://payeye.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- PayEye is a Polish fintech company that provides biometric payment solutions combining proprietary iris and facial recognition with its PCI PTS-certified eyePOS 3.0 hardware terminal, serving enterprise merchants in retail, hospitality, entertainment, and e-commerce across Poland, the USA, and selected international markets.
- Ownership category
- akta.pro rank
PayEye industry classification
Industry- Product category
- Biometric Payment Systems
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)
- akta.pro secondary industries
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), A2A Checkout & Merchant Acceptance Solutions (FSAMAFAF), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where PayEye is headquartered
LocationHeadquarters
- HQ city
- Amsterdam
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
PayEye business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Supply Chain, Marketing or Sales, Operations, Infrastructure
Revenue model
- Biometric Transaction Processing: Revenue generated from processing biometric payments at point-of-sale terminals. Merchants pay per transaction when customers use iris or face recognition to authorize payments.
- EyePOS Hardware Sales: Sale of EyePOS 3.0 biometric POS devices to merchants. The device supports all payment standards including biometric, card, and NFC acceptance.
- Technology Licensing: Vertically integrated technology including proprietary algorithms, biometric modules, and backend infrastructure available for licensing to other device manufacturers and payment providers.
Go-to-market motion3 records
Distribution channels5 records
Marketing channels8 records
PayEye product offering
Product offeringCore offering
PayEye develops and sells a biometric payment ecosystem that authenticates transactions through proprietary iris and face recognition. Its flagship deliverable is the eyePOS 3.0 multifunctional point-of-sale terminal, which combines iris and facial biometric capture with card and NFC acceptance, and is complemented by the e-payeye online checkout solution and PayEye ZONE in-terminal advertising. The company targets enterprise merchants — large retail chains, hotels, and entertainment venues — and also licenses its algorithms to third parties.
Product overview
PayEye is a fintech company offering a biometric payment ecosystem centered on its proprietary eyePOS hardware and software platform. The core offering consists of the eyePOS 3.0 hardware terminal (the main POS device supporting iris and facial biometric authentication alongside traditional card/NFC payments), supplemented by PayEye ZONE (an advertising display module on the terminal) and e-payeye (an online e-commerce payment solution). The company develops every critical layer internally — from R&D to payment processing — including proprietary biometric algorithms, backend infrastructure, and a dedicated consumer application. The ecosystem integrates with global payment networks (Mastercard, Visa) and payment service providers (Stripe, Worldline).
Differentiator
Problem solved
Functional benefit
Brands
- EyePOS: Third-generation biometric POS device supporting iris and facial recognition with card and NFC acceptance.
- e-payeye
- PayEye ZONE
Products and services
- PayEye Biometric Payment Platform Vertically integrated biometric payment platform combining proprietary iris and face recognition algorithms, backend infrastructure, and a consumer application. Delivered to enterprise merchants including large retail chains, hotels, and entertainment venues.
- eyePOS 3.0 The world's first and only multifunctional POS terminal supporting all payment standards — combining iris and facial recognition with card and NFC acceptance in one system. Fully PCI-PTS certified, EMVCo, Mastercard, and Visa approved, with 5.5" display, Android 11, 8-core processor, up to 8 hours battery life, 3G/LTE, Wi-Fi, USB-C, and built-in printer. Sold to enterprise merchants including retailers, hotels, and entertainment venues.
- e-payeye Online e-commerce payment solution built around the 'one click, one pay' concept, using biometric authentication to enable fast and frictionless online checkout. Distributed via Stripe payment infrastructure integration and validated through the 2023 Visa e-commerce pilot.
- PayEye ZONE
Quantifiable outcome
- 8.9/10 average payment process rating in Visa e-commerce pilot
- +5 more outcomes
Companies that use PayEye
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
PayEye technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability4 records
Feature6 records
PayEye partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and flagship.
- WorldlinecorePayEye and Worldline partnered to launch biometric payment technology. Worldline provides payment processing infrastructure enabling PayEye's biometric solutions to be offered through Worldline's merchant network across Europe.
- MastercardflagshipPayEye is the only iris-recognition technology company included in the Mastercard Biometric Checkout Program. In 2024, PayEye played a leading role in the first pilot of its kind in Europe, launched in partnership with Mastercard and Empik. The program allowed customers to pay with a glance using PayEye's proprietary fusion biometric technology, generating thousands of transactions.
- EmpikflagshipEmpik served as the merchant partner for the Mastercard Biometric Checkout Program pilot in Poland. Selected Empik stores in Poland were the first in Europe to allow customers to pay with a glance using PayEye's technology.
- VisacoreIn 2023, PayEye conducted an e-commerce pilot with Visa validating e-payeye, a fast frictionless online payment solution. Customer response confirmed strong market readiness with 8.9/10 rating and NPS of 58. Joint promotional campaign 'PayEye rewards Visa payers' supported user acquisition.
- StripecoreIntegration with Stripe payment service provider for online biometric payment processing through Stripe's global payment infrastructure.
Scale indicators7 records
Recent moves6 records
Expansion highlights6 records
PayEye competitors and assessment
Company assessmentBroad incumbents
- Amazon One: Amazon's palm-vein biometric payment service deployed across Amazon Go/Whole Foods and third-party retailers. Directly comparable biometric checkout modality aimed at replacing card and mobile payments at merchant point of sale, with far larger distribution and capital base.
- Fujitsu PalmSecure: Fujitsu's palm-vein biometric authentication technology used for payments and identity verification in financial services and retail. Comparable as an enterprise-grade biometric payment modality with hardware terminals and certified authentication pipelines, though deployed at much larger enterprise scale.
- NEC NeoFace: NEC's facial recognition platform used for identity verification and payment authentication across banking, government, and retail. Comparable as a high-accuracy biometric authentication vendor targeting enterprise and payment use cases with NIST-evaluated algorithms.
Direct peers
- PopID: US-based facial recognition biometric payment platform offering pay-with-your-face checkout at retail and restaurant merchants. Closest direct competitor to PayEye in biometric POS acceptance, sharing the same pilot-to-enterprise go-to-market motion.
- iProov: UK-based biometric authentication vendor offering face verification for online onboarding, payments, and identity assurance. Directly comparable to e-payeye's online biometric checkout use case, with similar go-to-market through banks, payment providers, and enterprises.
- FaceTec: 3D face authentication software vendor providing liveness, onboarding, and biometric payment authentication for financial services and digital identity. Comparable as a third-party-validated (NIST/iBeta) biometric algorithm vendor licensing technology into payments and identity flows.
Others
- Worldline: European payment processor and PayEye distribution partner. Listed as a peer because PayEye's go-to-market relies on Worldline's merchant network for biometric checkout acceptance, making it both a partner and a benchmark for European payment infrastructure scale.
- Stripe: Global payment service provider integrated with PayEye for online e-payeye transactions. Included as a peer because Stripe sets the bar for online payment infrastructure UX and pricing that e-payeye must compete against in e-commerce checkout.
Emerging players
- Veriff: Identity verification platform using document, face, and biometric checks for onboarding and payments. Comparable as an adjacent biometric identity vendor targeting the same fintech and payment provider customers PayEye serves, though focused on onboarding rather than point-of-sale checkout.
- Onfido (Entrust): AI-based digital identity verification provider now part of Entrust, offering biometric and document verification for fintech and payment use cases. Comparable as an adjacent biometric identity vendor serving similar financial services buyers and developer-facing integration models.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
PayEye social profiles
Digital presencePayEye compliance and trust
Trust signalCompliance6 records
PayEye financial estimates
Financial estimateRevenue estimate
Valuation estimate
PayEye leadership team
Management profileNumber of profiles
Profiles3 records
PayEye funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PayEye M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PayEye
What does PayEye do?
PayEye develops and sells a biometric payment ecosystem that authenticates transactions through proprietary iris and face recognition. Its flagship deliverable is the eyePOS 3.0 multifunctional point-of-sale terminal, which combines iris and facial biometric capture with card and NFC acceptance, and is complemented by the e-payeye online checkout solution and PayEye ZONE in-terminal advertising. The company targets enterprise merchants — large retail chains, hotels, and entertainment venues — and also licenses its algorithms to third parties.
Is PayEye a public or private company?
PayEye is a private company. It is classified as venture growth investor backed and is currently operating.
When was PayEye founded?
PayEye was founded in 2016. It employs 51 to 100 people.
Where is PayEye based?
PayEye is headquartered in Amsterdam, Netherlands, in the Europe region.
How does PayEye make money?
Three revenue lines are on record. Biometric Transaction Processing is the primary driver. The others are eyePOS Hardware Sales and technology Licensing.
Who are PayEye's main competitors?
Broad incumbents on record are Amazon One, Fujitsu PalmSecure and NEC NeoFace. Direct peers are PopID, iProov and FaceTec. Others are Worldline and Stripe. Emerging players are Veriff and Onfido (Entrust).
Does PayEye have an API?
No public API is recorded for PayEye.
What industry is PayEye in?
PayEye's product category is Biometric Payment Systems. Its primary akta.pro industry code is FSAMADAG, EMV Chip, Magstripe & PIN Debit Acceptance, with a secondary code of FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure. Its NAICS code is 522320 and its SIC code is 6199.