Trust Stamp launches IPO on Euronext

Trust Stamp launches IPO on Euronext

Malta Enterprise beneficiary Trust Stamp has recently launched an IPO on Euronext (Dublin). Trust Stamp is a global provider of AI powered identity services. 

 

This scale-up opened its subsidiary in Malta in 2020 with an aim to advance its biometric and cryptographic identity authentication technology.

 

The company has secured €1 million in funding from Malta Enterprise, consisting of a €200,000 grant and a low-interest loan of up to €800,000 to cover three-quarters of the salaries it will pay Malta-based employees. The loan is repayable through 10 per cent of the Maltese subsidiary’s annual profits.

 

According to Trust Stamp CEO Gareth N. Genner, Malta will not only host an expanded R&D team, including the company’s new Post-Doctoral Fellowship Programme, but will also serve as the base for its public-benefit subsidiary ‘AiiD’ to work with NGOs and governments throughout Africa.

 

“Malta has a long-term commitment to working with a number of African governments, and there are tremendous opportunities for us to partner with both the Malta Government and other Maltese enterprises,” he was quoted saying.

 

Describing Trust Stamp as one of the fastest growing and most innovative AI powered authentication companies globally, Malta Enterprise CEO Kurt Farrugia was quoted as saying that ME and the company have identified various initiatives of mutual interest that will be implemented in the coming months. “This includes initiatives to promote a higher participation of females in technology. Together we will also be seeking to capitalise on the immense opportunities that Africa offers,” he added.

Share:

Share on facebook
Share on twitter
Share on linkedin

More Posts

Malta Enterprise central to national driving of EU growth

Malta Enterprise central to national driving of EU growth The EU Digital Day 21 aims to bring together Member States to discuss current, and future challenges of digital technologies, by encouraging Member States to commit, and address, digital transformations within the EU. These declarations are

Has The Pandemic Created Enterprise Opportunities?

HAS THE PANDEMIC CREATED ENTERPRISE OPPORTUNITIES? There is no doubt that the current COVID-19 pandemic has had a dramatic impact not only in Malta but around the world.  It arrived one century after the 1918 influenza pandemic that infected around 500 million people – roughly

Weavr.io raises $4Million in venture capital

Weavr.io raises $4Million in venture capital Weavr.io, a Maltese fintech company offering a platform that allows businesses to integrate financial services into their products, has successfully raised $4Million in venture capital. The company was initially supported by the MITA YouStartIT Accelerator Programme and Malta Enterprise,

YouRun launches Warshmallows on STEAM

YouRun launches Warshmallows on STEAM Malta-based digital game studio YouRun LTD has launched its game Warshmallows on leading computer game platform Steam. The studio received support from Malta Enterprise and Gaming Malta for its multiplayer platform fighter game. Congratulating the studio on its launch, Malta

Send Us A Message