| Founded | 2000 |
|---|---|
| Closed | 2008 |
| Country | USA |
| Sector | Fintech |
| Total raised | $130M total |
| Collapse type | Fraud Explosion |
| Founder | John Rogers |
Pay By Touch
"The biometric payment startup that put fingerprint scanners in 2,600 grocery stores — and collapsed when its CEO's history of fraud convictions and $20M in personal misappropriation emerged"
Sudden collapse triggered by fraud exposure
Key Events Timeline
Pay By Touch was founded in 2000 by John Rogers and built biometric payment technology allowing consumers to pay at checkout using a fingerprint scan instead of a card or cash.
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